34,542 Shares in Ovintiv Inc. (NYSE:OVV) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new stake in shares of Ovintiv Inc. (NYSE:OVV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 34,542 shares of the company's stock, valued at approximately $1,399,000.

Several other institutional investors have also recently made changes to their positions in OVV. Park Avenue Securities LLC boosted its stake in shares of Ovintiv by 8.9% during the fourth quarter. Park Avenue Securities LLC now owns 6,845 shares of the company's stock valued at $277,000 after purchasing an additional 558 shares during the period. Merit Financial Group LLC acquired a new position in Ovintiv during the 4th quarter valued at about $333,000. UMB Bank n.a. boosted its stake in Ovintiv by 87.8% in the 4th quarter. UMB Bank n.a. now owns 2,473 shares of the company's stock worth $100,000 after purchasing an additional 1,156 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Ovintiv by 100.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock worth $29,000 after buying an additional 360 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in Ovintiv by 341.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 68,792 shares of the company's stock valued at $2,786,000 after purchasing an additional 53,221 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Ovintiv Trading Down 0.3%

OVV traded down $0.10 during trading hours on Friday, reaching $35.57. The company's stock had a trading volume of 868,415 shares, compared to its average volume of 3,237,376. The business's 50-day moving average is $36.73 and its 200-day moving average is $40.49. 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 cap of $9.24 billion, a PE ratio of 4.73 and a beta of 1.14. Ovintiv Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $51.72.

Ovintiv (NYSE:OVV - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.22. Ovintiv had a net margin of 20.15% and a return on equity of 17.87%. The business had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.23 billion. As a group, equities research analysts predict that Ovintiv Inc. will post 5.59 earnings per share for the current fiscal year.

Ovintiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.37%. Ovintiv's dividend payout ratio is presently 51.06%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Mizuho cut their price target on Ovintiv from $60.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Barclays reduced their price target on shares of Ovintiv from $59.00 to $53.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on shares of Ovintiv from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. BMO Capital Markets upgraded shares of Ovintiv from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $55.00 to $57.00 in a research report on Monday, March 24th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $50.00 price objective on shares of Ovintiv in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $55.65.

Ovintiv 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.