Ovintiv Inc. (NYSE:OVV) Director Howard John Mayson Sells 2,600 Shares of Stock

Ovintiv Inc. (NYSE:OVVGet Rating) Director Howard John Mayson sold 2,600 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $56.21, for a total value of $146,146.00. Following the transaction, the director now directly owns 24,403 shares of the company’s stock, valued at $1,371,692.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ovintiv Price Performance

Shares of OVV stock opened at $53.67 on Tuesday. Ovintiv Inc. has a 52-week low of $29.52 and a 52-week high of $63.30. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a 50 day moving average price of $51.17 and a 200 day moving average price of $49.92.

Ovintiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.00 annualized dividend and a yield of 1.86%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Mizuho dropped their price target on Ovintiv from $69.00 to $61.00 and set a “buy” rating for the company in a research note on Monday, October 24th. Barclays lowered their price objective on Ovintiv from $78.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, October 19th. Morgan Stanley lowered their price objective on Ovintiv from $64.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, October 19th. National Bankshares lowered their price objective on Ovintiv from $77.00 to $74.00 and set an “outperform” rating for the company in a research note on Wednesday, November 9th. Finally, The Goldman Sachs Group raised their price objective on Ovintiv from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, October 19th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ronald Blue Trust Inc. purchased a new position in Ovintiv during the 2nd quarter worth $31,000. Bay Harbor Wealth Management LLC purchased a new position in Ovintiv during the 2nd quarter worth $29,000. Rosenberg Matthew Hamilton increased its holdings in Ovintiv by 114.3% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 750 shares of the company’s stock worth $33,000 after purchasing an additional 400 shares during the period. Quent Capital LLC purchased a new position in Ovintiv during the 3rd quarter worth $58,000. Finally, CWM LLC increased its holdings in Ovintiv by 20.1% during the 2nd quarter. CWM LLC now owns 1,460 shares of the company’s stock worth $65,000 after purchasing an additional 244 shares during the period. 78.26% of the stock is currently owned by hedge funds and other institutional investors.

Ovintiv Company Profile

(Get Rating)

Ovintiv Inc, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.

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