State of Alaska Division of Earnings obtained a brand new place in Ovintiv Inc. (NYSE:OVV – Unfastened Record) within the 2d quarter, consistent with its most up-to-date Shape 13F submitting with the Securities and Change Fee. The company obtained 30,305 stocks of the corporate’s inventory, valued at roughly $1,153,000.

A number of different hedge finances have additionally lately made adjustments to their positions in OVV. Raymond James & Friends greater its place in Ovintiv via 35.3% within the 1st quarter. Raymond James & Friends now owns 57,458 stocks of the corporate’s inventory valued at $3,107,000 after purchasing an extra 14,978 stocks within the final quarter. Cambridge Funding Analysis Advisors Inc. purchased a brand new stake in stocks of Ovintiv throughout the primary quarter valued at roughly $525,000. HighTower Advisors LLC purchased a brand new stake in stocks of Ovintiv throughout the primary quarter valued at roughly $715,000. Cetera Consultant Networks LLC purchased a brand new stake in stocks of Ovintiv throughout the primary quarter valued at roughly $224,000. After all, PNC Monetary Products and services Crew Inc. greater its holdings in stocks of Ovintiv via 45.7% throughout the primary quarter. PNC Monetary Products and services Crew Inc. now owns 15,605 stocks of the corporate’s inventory valued at $843,000 after obtaining an extra 4,895 stocks within the final quarter. 98.30% of the inventory is owned via institutional buyers.

Analyst Rankings Adjustments

A number of equities analysis analysts have lately commented at the corporate. Financial institution of The us boosted their worth function on Ovintiv from $62.00 to $66.00 in a file on Wednesday, September twenty seventh. Royal Financial institution of Canada boosted their worth function on Ovintiv from $47.00 to $50.00 and gave the corporate a “sector carry out” score in a file on Tuesday, October tenth. Mizuho boosted their worth function on Ovintiv from $65.00 to $67.00 and gave the corporate a “purchase” score in a file on Monday, September 18th. Evercore ISI reduced their worth function on Ovintiv from $42.00 to $39.00 in a file on Monday, July tenth. After all, Morgan Stanley lifted their goal worth on Ovintiv from $46.00 to $47.00 and gave the corporate an “equivalent weight” score in a analysis file on Monday, October 2d. 8 analysis analysts have rated the inventory with a hang score and 8 have assigned a purchase score to the corporate’s inventory. Consistent with knowledge from MarketBeat, Ovintiv at the moment has a mean score of “Reasonable Purchase” and a consensus goal worth of $58.70.

Get Our Newest Analysis Record on Ovintiv

Ovintiv Inventory Up 2.7 %

OVV inventory opened at $49.84 on Monday. Ovintiv Inc. has a 1-year low of $32.07 and a 1-year top of $59.10. The corporate has a present ratio of 0.45, a handy guide a rough ratio of 0.45 and a debt-to-equity ratio of 0.59. The inventory’s fifty day easy shifting moderate is $47.34 and its two-hundred day easy shifting moderate is $41.07. The inventory has a marketplace cap of $13.65 billion, a P/E ratio of three.76, a P/E/G ratio of 0.50 and a beta of two.76.

Ovintiv (NYSE:OVV – Get Unfastened Record) final issued its quarterly income effects on Thursday, July twenty seventh. The corporate reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 via $0.02. Ovintiv had a go back on fairness of 16.27% and a web margin of 28.27%. The company had earnings of $2.52 billion for the quarter, in comparison to analysts’ expectancies of $2.11 billion. Analysts be expecting that Ovintiv Inc. will put up 6.5 EPS for the present 12 months.

Ovintiv Proclaims Dividend

The corporate additionally lately declared a quarterly dividend, which used to be paid on Friday, September twenty ninth. Stockholders of document on Friday, September fifteenth got a dividend of $0.30 in keeping with percentage. The ex-dividend date of this dividend used to be Thursday, September 14th. This represents a $1.20 dividend on an annualized foundation and a dividend yield of two.41%. Ovintiv’s dividend payout ratio is at the moment 9.06%.

Insider Process

In comparable information, Director Steven W. Nance offered 1,201 stocks of the trade’s inventory in a transaction on Thursday, August third. The inventory used to be offered at a mean worth of $48.65, for a complete transaction of $58,428.65. Following the sale, the director now without delay owns 20,929 stocks within the corporate, valued at roughly $1,018,195.85. The transaction used to be disclosed in a submitting with the SEC, which is offered via the SEC web site. Insiders personal 1.70% of the corporate’s inventory.

Ovintiv Corporate Profile

(Unfastened Record)

Ovintiv Inc, along side its subsidiaries, explores, develops, produces, and markets herbal gasoline, oil, and herbal gasoline liquids in the US and Canada. It operates via USA Operations, Canadian Operations, and Marketplace Optimization segments. The corporate’s main property come with Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.

Learn Extra

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