Quantinno Capital Management LP Has $1.26 Million Holdings in Ovintiv Inc. (NYSE:OVV)

Quantinno Capital Management LP raised its stake in shares of Ovintiv Inc. (NYSE:OVV - Free Report) by 88.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,176 shares of the company's stock after buying an additional 14,628 shares during the period. Quantinno Capital Management LP's holdings in Ovintiv were worth $1,263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OVV. Arrowstreet Capital Limited Partnership increased its holdings in shares of Ovintiv by 1,732.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,387,923 shares of the company's stock valued at $137,134,000 after acquiring an additional 3,203,087 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Ovintiv by 1,577.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,458,881 shares of the company's stock worth $99,587,000 after purchasing an additional 2,312,292 shares during the period. Alyeska Investment Group L.P. grew its holdings in Ovintiv by 243.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,564,698 shares of the company's stock valued at $103,870,000 after purchasing an additional 1,818,337 shares during the last quarter. AQR Capital Management LLC grew its holdings in Ovintiv by 69.7% during the fourth quarter. AQR Capital Management LLC now owns 3,283,743 shares of the company's stock valued at $132,992,000 after purchasing an additional 1,348,221 shares during the last quarter. Finally, Webs Creek Capital Management LP bought a new position in shares of Ovintiv in the fourth quarter valued at approximately $54,086,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Ovintiv Price Performance

Shares of OVV traded up $0.42 during trading hours on Wednesday, hitting $36.95. The stock had a trading volume of 576,081 shares, compared to its average volume of 3,247,219. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 4.90 and a beta of 1.14. 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 company's fifty day moving average is $36.39 and its two-hundred day moving average is $40.36. Ovintiv Inc. has a 52 week low of $29.80 and a 52 week high of $51.72.

Ovintiv (NYSE:OVV - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.22. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.23 billion. Ovintiv had a net margin of 20.15% and a return on equity of 17.87%. On average, analysts anticipate that Ovintiv Inc. will post 5.59 EPS for the current year.

Ovintiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.25%. Ovintiv's dividend payout ratio (DPR) is presently 51.06%.

Analyst Upgrades and Downgrades

OVV has been the topic of a number of research analyst reports. Scotiabank upgraded shares of Ovintiv to a "strong-buy" rating in a research note on Wednesday, March 19th. Barclays decreased their price target on shares of Ovintiv from $59.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. BMO Capital Markets upgraded Ovintiv from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $55.00 to $57.00 in a research note on Monday, March 24th. National Bankshares boosted their price objective on Ovintiv from $51.00 to $56.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $50.00 price target on shares of Ovintiv in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Ovintiv 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.