Ovintiv Inc. $OVV Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management trimmed its stake in Ovintiv by 4.4% in Q4, selling 35,037 shares and leaving 755,565 shares worth about $29.61 million (≈0.30% of the company).
• Ovintiv beat quarterly earnings, reporting $1.39 EPS vs. $0.98 consensus and revenue roughly in line; the company pays a $0.30 quarterly dividend (annualized $1.20, ~2.1% yield) and has a market cap of about $15.95 billion.
• Analysts remain largely bullish, with 15 Buy and 6 Hold ratings, recent target increases (Bank of America to $68, Barclays to $62) and an average price target of $60.37.

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Ovintiv Inc. (NYSE:OVV - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 755,565 shares of the company's stock after selling 35,037 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.30% of Ovintiv worth $29,611,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Citigroup Inc. raised its stake in shares of Ovintiv by 42.1% during the 3rd quarter. Citigroup Inc. now owns 174,090 shares of the company's stock worth $7,030,000 after buying an additional 51,562 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Ovintiv by 296.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 79,012 shares of the company's stock worth $3,134,000 after buying an additional 59,069 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Ovintiv during the 3rd quarter worth approximately $1,816,000. Moody Aldrich Partners LLC raised its stake in shares of Ovintiv by 152.1% during the 3rd quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company's stock worth $5,670,000 after buying an additional 84,730 shares during the period. Finally, Savant Capital LLC raised its stake in shares of Ovintiv by 412.9% during the 3rd quarter. Savant Capital LLC now owns 36,771 shares of the company's stock worth $1,485,000 after buying an additional 29,602 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Ovintiv Stock Up 0.4%

NYSE OVV opened at $56.31 on Tuesday. The business has a fifty day moving average price of $53.25 and a 200 day moving average price of $44.18. Ovintiv Inc. has a one year low of $31.90 and a one year high of $62.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market cap of $15.95 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.83 and a beta of 0.59.

Ovintiv (NYSE:OVV - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. Ovintiv had a return on equity of 12.00% and a net margin of 13.94%.The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the company earned ($0.23) EPS. Research analysts anticipate that Ovintiv Inc. will post 5.59 EPS for the current fiscal year.

Ovintiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, March 13th. Ovintiv's dividend payout ratio is presently 24.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Bank of America upped their target price on Ovintiv from $63.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, April 2nd. Barclays upped their target price on Ovintiv from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Monday, March 16th. JPMorgan Chase & Co. began coverage on Ovintiv in a research note on Wednesday, February 25th. They issued an "overweight" rating and a $58.00 price objective for the company. Zacks Research raised Ovintiv from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings raised Ovintiv from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, April 2nd. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $60.37.

Insider Buying and Selling at Ovintiv

In other Ovintiv news, Director Howard John Mayson sold 5,000 shares of the company's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $52.39, for a total value of $261,950.00. Following the completion of the sale, the director directly owned 45,780 shares in the company, valued at $2,398,414.20. This represents a 9.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Meghan Nicole Eilers sold 11,582 shares of the company's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $54.78, for a total value of $634,461.96. Following the completion of the sale, the executive vice president owned 54,092 shares of the company's stock, valued at approximately $2,963,159.76. The trade was a 17.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.85% of the stock is owned by corporate insiders.

Ovintiv Profile

Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv's upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company's core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.

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