Yousif Capital Management LLC Grows Holdings in Ovintiv Inc. (NYSE:OVV)

Yousif Capital Management LLC grew its stake in Ovintiv Inc. (NYSE:OVV) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,105 shares of the company’s stock after buying an additional 8,016 shares during the period. Yousif Capital Management LLC’s holdings in Ovintiv were worth $5,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in Ovintiv in the 4th quarter worth approximately $125,000. Parkside Financial Bank & Trust boosted its stake in shares of Ovintiv by 6,428.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,089 shares of the company’s stock valued at $92,000 after purchasing an additional 2,057 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Ovintiv by 18.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 436,086 shares of the company’s stock valued at $19,153,000 after purchasing an additional 68,682 shares in the last quarter. Duality Advisers LP purchased a new stake in shares of Ovintiv in the 4th quarter valued at $250,000. Finally, Xponance Inc. boosted its stake in shares of Ovintiv by 1.4% in the 4th quarter. Xponance Inc. now owns 42,424 shares of the company’s stock valued at $1,863,000 after purchasing an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

OVV has been the subject of a number of research reports. UBS Group upped their price objective on shares of Ovintiv from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. The Goldman Sachs Group upped their price objective on shares of Ovintiv from $47.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Mizuho reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Ovintiv in a research note on Thursday, April 4th. Scotiabank lowered their price target on shares of Ovintiv from $53.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. Finally, National Bankshares lowered their price target on shares of Ovintiv from $69.00 to $53.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ovintiv presently has an average rating of “Moderate Buy” and a consensus target price of $56.71.

Ovintiv Stock Up 0.5 %

Shares of Ovintiv stock opened at $53.17 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.60 and a quick ratio of 0.60. The company has a 50-day moving average of $50.82 and a 200 day moving average of $46.62. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 6.74 and a beta of 2.65. Ovintiv Inc. has a 1 year low of $32.07 and a 1 year high of $55.95.

Ovintiv (NYSE:OVV) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $1.94 by $0.41. Ovintiv had a net margin of 19.16% and a return on equity of 19.50%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $2.75 billion. As a group, sell-side analysts anticipate that Ovintiv Inc. will post 6.13 earnings per share for the current fiscal year.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, March 14th. Ovintiv’s dividend payout ratio (DPR) is presently 15.21%.

Insiders Place Their Bets

In other Ovintiv news, EVP Renee Ellen Zemljak sold 76,264 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $50.96, for a total transaction of $3,886,413.44. Following the sale, the executive vice president now owns 23,672 shares in the company, valued at approximately $1,206,325.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ovintiv news, EVP Rachel Maureen Moore sold 9,300 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $50.65, for a total transaction of $471,045.00. Following the sale, the executive vice president now owns 52,557 shares in the company, valued at approximately $2,662,012.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Renee Ellen Zemljak sold 76,264 shares of Ovintiv stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $50.96, for a total transaction of $3,886,413.44. Following the sale, the executive vice president now owns 23,672 shares in the company, valued at approximately $1,206,325.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,564 shares of company stock worth $4,660,818. Company insiders own 1.70% of the company’s stock.

About Ovintiv

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.