Ovintiv Inc. (NYSE:OVV) Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its holdings in shares of Ovintiv Inc. (NYSE:OVVFree Report) by 46.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,285 shares of the company’s stock after selling 8,159 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Ovintiv were worth $408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quent Capital LLC increased its holdings in shares of Ovintiv by 151.3% in the 4th quarter. Quent Capital LLC now owns 583 shares of the company’s stock worth $26,000 after acquiring an additional 351 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of Ovintiv by 107.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 658 shares of the company’s stock worth $31,000 after acquiring an additional 341 shares during the period. Avalon Trust Co acquired a new stake in shares of Ovintiv in the 4th quarter worth about $34,000. Pacifica Partners Inc. acquired a new stake in shares of Ovintiv in the 4th quarter worth about $37,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Ovintiv in the 3rd quarter worth about $38,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ovintiv

In other news, Director Steven W. Nance sold 12,000 shares of Ovintiv stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $50.00, for a total value of $600,000.00. Following the transaction, the director now owns 8,929 shares of the company’s stock, valued at $446,450. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Ovintiv news, Director Steven W. Nance sold 12,000 shares of Ovintiv stock in a transaction on Monday, May 13th. The shares were sold at an average price of $50.00, for a total transaction of $600,000.00. Following the sale, the director now owns 8,929 shares in the company, valued at $446,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Howard John Mayson sold 4,000 shares of Ovintiv stock in a transaction on Friday, May 31st. The stock was sold at an average price of $51.14, for a total transaction of $204,560.00. Following the sale, the director now owns 45,279 shares in the company, valued at approximately $2,315,568.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,264 shares of company stock valued at $4,690,973. 0.97% of the stock is currently owned by corporate insiders.

Ovintiv Price Performance

NYSE OVV opened at $48.51 on Tuesday. The company has a 50 day simple moving average of $51.21 and a 200-day simple moving average of $47.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 6.78 and a beta of 2.58. Ovintiv Inc. has a 52-week low of $34.50 and a 52-week high of $55.95.

Ovintiv (NYSE:OVVGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.58 billion. Ovintiv had a net margin of 18.12% and a return on equity of 17.74%. Equities research analysts predict that Ovintiv Inc. will post 6.15 earnings per share for the current fiscal year.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, June 14th. Ovintiv’s payout ratio is presently 16.76%.

Analyst Upgrades and Downgrades

OVV has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Ovintiv from $49.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Royal Bank of Canada increased their target price on shares of Ovintiv from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Barclays initiated coverage on shares of Ovintiv in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $69.00 target price for the company. The Goldman Sachs Group increased their target price on shares of Ovintiv from $47.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, March 26th. Finally, Mizuho raised their price objective on shares of Ovintiv from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.06.

Read Our Latest Stock Analysis on OVV

Ovintiv Profile

(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.

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Institutional Ownership by Quarter for Ovintiv (NYSE:OVV)

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