Ovintiv Inc. (NYSE:OVV) Shares Bought by Oak Thistle LLC

Oak Thistle LLC grew its holdings in Ovintiv Inc. (NYSE:OVV) by 37.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,672 shares of the company’s stock after buying an additional 8,639 shares during the quarter. Oak Thistle LLC’s holdings in Ovintiv were worth $1,283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OVV. True Wealth Design LLC boosted its position in shares of 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 purchasing an additional 636 shares in the last quarter. UMB Bank n.a. boosted its holdings in Ovintiv by 27.7% during the third quarter. UMB Bank n.a. now owns 1,317 shares of the company’s stock worth $50,000 after buying an additional 286 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new position in Ovintiv during the third quarter worth about $65,000. Covestor Ltd lifted its position in shares of Ovintiv by 43.9% during the 3rd quarter. Covestor Ltd now owns 1,835 shares of the company’s stock valued at $70,000 after acquiring an additional 560 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Ovintiv during the 3rd quarter worth approximately $122,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Siebert Williams Shank raised Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. Bank of America raised Ovintiv from a “neutral” rating to a “buy” rating and cut their price target for the stock from $55.00 to $54.00 in a research note on Monday. Citigroup lowered their price objective on shares of Ovintiv from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Scotiabank upped their price target on shares of Ovintiv from $50.00 to $53.00 and gave the company a “sector outperform” rating in a report on Monday, November 18th. Finally, UBS Group dropped their price objective on shares of Ovintiv from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.81.

Ovintiv Stock Up 0.8 %

OVV opened at $44.97 on Wednesday. Ovintiv Inc. has a 12 month low of $36.90 and a 12 month high of $55.95. The business has a 50-day moving average of $42.22 and a two-hundred day moving average of $42.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 5.96 and a beta of 2.63.

Ovintiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, December 13th. Ovintiv’s dividend payout ratio (DPR) is 15.92%.

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.