Pitcairn Co. decreased its place in shares of Ovintiv Inc. (NYSE:OVV – Free Report) by 21.5% throughout the third quarter, in response to its most up-to-date submitting with the Securities and Trade Fee. The institutional investor owned 10,391 shares of the corporate’s inventory after promoting 2,845 shares throughout the interval. Pitcairn Co.’s holdings in Ovintiv had been price $398,000 as of its most up-to-date submitting with the Securities and Trade Fee.
Quite a lot of different hedge funds have additionally added to or lowered their stakes in OVV. Cerity Companions LLC boosted its holdings in shares of Ovintiv by 41.3% within the third quarter. Cerity Companions LLC now owns 69,869 shares of the corporate’s inventory valued at $2,677,000 after buying an extra 20,412 shares within the final quarter. Kingsview Wealth Administration LLC lifted its place in shares of Ovintiv by 20.7% throughout the third quarter. Kingsview Wealth Administration LLC now owns 201,483 shares of the corporate’s inventory price $7,719,000 after shopping for an extra 34,490 shares over the past quarter. Citigroup Inc. boosted its stake in Ovintiv by 3.5% within the third quarter. Citigroup Inc. now owns 450,565 shares of the corporate’s inventory valued at $17,261,000 after shopping for an extra 15,066 shares within the final quarter. Charles Schwab Funding Administration Inc. grew its place in Ovintiv by 7.7% within the third quarter. Charles Schwab Funding Administration Inc. now owns 1,868,627 shares of the corporate’s inventory valued at $71,587,000 after buying an extra 133,192 shares over the past quarter. Lastly, Banco Santander S.A. acquired a brand new place in Ovintiv throughout the third quarter price about $488,000. 83.81% of the inventory is owned by institutional buyers.
Analyst Scores Adjustments
OVV has been the subject of quite a lot of analysis analyst reviews. JPMorgan Chase & Co. lowered their worth goal on shares of Ovintiv from $60.00 to $51.00 and set an “chubby” score on the inventory in a analysis notice on Thursday, September twelfth. Royal Financial institution of Canada decreased their goal worth on shares of Ovintiv from $62.00 to $61.00 and set a “sector carry out” score on the inventory in a analysis notice on Thursday, August 1st. Evercore ISI dropped their worth goal on Ovintiv from $60.00 to $54.00 and set an “outperform” score for the corporate in a analysis notice on Monday, September thirtieth. Siebert Williams Shank upgraded Ovintiv to a “strong-buy” score in a analysis report on Tuesday, October fifteenth. Lastly, UBS Group elevated their goal worth on Ovintiv from $57.00 to $59.00 and gave the corporate a “purchase” score in a analysis report on Monday, November 18th. 5 analysts have rated the inventory with a maintain score, twelve have assigned a purchase score and one has issued a robust purchase score to the corporate. Primarily based on information from MarketBeat, the inventory has a median score of “Reasonable Purchase” and a consensus goal worth of $56.65.
Examine Out Our Newest Analysis Report on Ovintiv
Ovintiv Worth Efficiency
OVV inventory opened at $45.73 on Wednesday. The corporate has a fast ratio of 0.52, a present ratio of 0.52 and a debt-to-equity ratio of 0.46. The agency has a market cap of $11.90 billion, a price-to-earnings ratio of 6.06 and a beta of two.62. The corporate’s fifty day easy transferring common is $41.62 and its 200 day easy transferring common is $44.13. Ovintiv Inc. has a 12-month low of $36.90 and a 12-month excessive of $55.95.
Ovintiv Publicizes Dividend
The agency additionally not too long ago introduced a quarterly dividend, which will probably be paid on Tuesday, December thirty first. Buyers of document on Friday, December thirteenth will probably be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December thirteenth. This represents a $1.20 annualized dividend and a dividend yield of two.62%. Ovintiv’s payout ratio is 15.92%.
Ovintiv Firm Profile
Ovintiv Inc, along with its subsidiaries, explores, develops, produces, and markets pure gasoline, oil, and pure gasoline liquids in the US and Canada. The corporate operates by means of USA Operations, Canadian Operations, and Market Optimization segments. Its principal belongings embrace Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.
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