Schaper Benz & Wise Investment Counsel Inc. WI Has $5.48 Million Stock Position in Ovintiv Inc. (NYSE:OVV)

Schaper Benz & Wise Investment Counsel Inc. WI trimmed its position in Ovintiv Inc. (NYSE:OVV) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 135,277 shares of the company’s stock after selling 3,813 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI owned 0.05% of Ovintiv worth $5,479,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. True Wealth Design LLC boosted its position in Ovintiv by 3,180.0% during the 3rd quarter. True Wealth Design LLC now owns 656 shares of the company’s stock worth $25,000 after buying an additional 636 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Ovintiv by 100.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company’s stock worth $29,000 after acquiring an additional 360 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Ovintiv by 71.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 805 shares of the company’s stock valued at $32,000 after purchasing an additional 335 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Ovintiv by 3,571.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,028 shares of the company’s stock valued at $42,000 after purchasing an additional 1,000 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Ovintiv by 4,132.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,312 shares of the company’s stock worth $53,000 after buying an additional 1,281 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Ovintiv Trading Up 1.5 %

Ovintiv stock opened at $38.55 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. Ovintiv Inc. has a fifty-two week low of $36.62 and a fifty-two week high of $55.95. The stock has a market cap of $10.03 billion, a P/E ratio of 5.11 and a beta of 2.55. The firm’s fifty day moving average price is $43.04 and its 200-day moving average price is $41.98.

Ovintiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. Ovintiv’s payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OVV. Scotiabank increased their price target on Ovintiv from $50.00 to $53.00 and gave the stock a “sector outperform” rating in a report on Monday, November 18th. Bank of America raised shares of Ovintiv from a “neutral” rating to a “buy” rating and decreased their price target for the company from $55.00 to $54.00 in a research note on Monday, January 13th. National Bankshares upped their target price on Ovintiv from $51.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Mizuho cut their price objective on shares of Ovintiv from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Citigroup dropped their target price on shares of Ovintiv from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ovintiv has an average rating of “Moderate Buy” and an average target price of $56.88.

Ovintiv Company Profile

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.