Virtu Financial LLC purchased a new stake in shares of Ovintiv Inc. (NYSE:OVV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,571 shares of the company's stock, valued at approximately $795,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC purchased a new stake in shares of Ovintiv during the fourth quarter valued at $28,000. Harbour Investments Inc. raised its holdings in Ovintiv by 143.8% in the 1st quarter. Harbour Investments Inc. now owns 919 shares of the company's stock valued at $39,000 after acquiring an additional 542 shares during the last quarter. Optiver Holding B.V. acquired a new stake in shares of Ovintiv during the 4th quarter worth approximately $40,000. Quent Capital LLC boosted its position in Ovintiv by 146.5% in the 1st quarter. Quent Capital LLC now owns 1,134 shares of the company's stock valued at $49,000 after buying an additional 674 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Ovintiv during the 1st quarter worth $61,000. Institutional investors own 83.81% of the company's stock.
Ovintiv Stock Up 0.9%
NYSE OVV traded up $0.37 during trading on Thursday, reaching $39.87. The company's stock had a trading volume of 1,964,174 shares, compared to its average volume of 3,514,941. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $10.25 billion, a PE ratio of 17.64, a PEG ratio of 4.78 and a beta of 1.10. The business has a 50-day moving average price of $40.11 and a 200-day moving average price of $39.20. Ovintiv Inc. has a 1-year low of $29.80 and a 1-year high of $47.18.
Ovintiv (NYSE:OVV - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.02). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.92 billion. Ovintiv had a return on equity of 14.24% and a net margin of 6.46%. On average, research analysts forecast that Ovintiv Inc. will post 5.59 earnings per share for the current fiscal year.
Ovintiv Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, September 15th. Ovintiv's dividend payout ratio (DPR) is 53.10%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Barclays upped their target price on shares of Ovintiv from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Scotiabank upped their price target on shares of Ovintiv from $48.00 to $51.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Wells Fargo & Company reduced their price target on shares of Ovintiv from $46.00 to $41.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. TD Cowen raised shares of Ovintiv to a "strong-buy" rating in a report on Monday, July 7th. Finally, Mizuho reduced their price objective on shares of Ovintiv from $60.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Ovintiv has an average rating of "Buy" and a consensus price target of $53.47.
Read Our Latest Stock Report on Ovintiv
About Ovintiv
(
Free Report)
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.
Featured Articles

Before you consider Ovintiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ovintiv wasn't on the list.
While Ovintiv currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.