Ovintiv Inc. (NYSE:OVV) Holdings Raised by Ieq Capital LLC

Ieq Capital LLC lifted its position in shares of Ovintiv Inc. (NYSE:OVV) by 1,774.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,284 shares of the company’s stock after acquiring an additional 150,785 shares during the period. Ieq Capital LLC owned about 0.06% of Ovintiv worth $6,451,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Ovintiv by 11,282.4% during the third quarter. Pacer Advisors Inc. now owns 6,543,648 shares of the company’s stock worth $250,687,000 after purchasing an additional 6,486,159 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Ovintiv by 7,422.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,359,014 shares of the company’s stock valued at $52,064,000 after buying an additional 1,340,947 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Ovintiv by 17.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,212,561 shares of the company’s stock worth $314,623,000 after acquiring an additional 1,207,610 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Ovintiv by 1,807.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 791,853 shares of the company’s stock worth $32,070,000 after acquiring an additional 750,349 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Ovintiv by 42.6% in the third quarter. Victory Capital Management Inc. now owns 1,174,397 shares of the company’s stock valued at $44,991,000 after acquiring an additional 350,909 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Ovintiv Trading Up 0.3 %

NYSE OVV opened at $45.54 on Friday. The firm’s 50 day moving average price is $42.54 and its two-hundred day moving average price is $42.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. Ovintiv Inc. has a twelve month low of $36.90 and a twelve month high of $55.95. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 6.04 and a beta of 2.60.

Wall Street Analyst Weigh In

OVV has been the topic of a number of research reports. Mizuho dropped their price target on Ovintiv from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. National Bankshares upped their price objective on Ovintiv from $51.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Bank of America raised shares of Ovintiv from a “neutral” rating to a “buy” rating and reduced their price target for the company from $55.00 to $54.00 in a report on Monday, January 13th. Scotiabank increased their price objective on shares of Ovintiv from $50.00 to $53.00 and gave the stock a “sector outperform” rating in a report on Monday, November 18th. Finally, Citigroup cut their price objective on shares of Ovintiv from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.88.

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.