Ovintiv (NYSE:OVV – Get Rating) had its price objective lowered by National Bankshares from $99.00 to $77.00 in a report issued on Friday, BayStreet.CA reports.
OVV has been the subject of a number of other research reports. National Bank Financial upped their price target on Ovintiv from $90.00 to $115.00 in a research report on Thursday, June 16th. Mizuho cut their price objective on Ovintiv from $77.00 to $69.00 and set a buy rating on the stock in a research report on Tuesday, July 19th. Truist Financial lifted their price objective on Ovintiv from $72.00 to $77.00 and gave the stock a buy rating in a research report on Tuesday, July 19th. Morgan Stanley cut their price objective on Ovintiv from $65.00 to $64.00 and set an overweight rating on the stock in a research report on Tuesday, July 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Ovintiv from $64.00 to $66.00 and gave the stock an overweight rating in a research report on Wednesday, July 13th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Ovintiv presently has an average rating of Moderate Buy and a consensus target price of $70.29.
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Ovintiv Stock Performance
Shares of NYSE:OVV opened at $46.00 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 0.10 and a beta of 2.99. Ovintiv has a 12 month low of $29.52 and a 12 month high of $63.30. The company has a 50-day moving average price of $49.42 and a 200-day moving average price of $49.79.
Ovintiv Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, September 14th.
Institutional Trading of Ovintiv
Large investors have recently modified their holdings of the company. Ronald Blue Trust Inc. bought a new stake in shares of Ovintiv in the second quarter worth $31,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Ovintiv in the second quarter worth $29,000. Rosenberg Matthew Hamilton grew its holdings in shares of Ovintiv by 114.3% in the second quarter. Rosenberg Matthew Hamilton now owns 750 shares of the company's stock worth $33,000 after acquiring an additional 400 shares during the period. CWM LLC grew its holdings in shares of Ovintiv by 211.8% in the first quarter. CWM LLC now owns 1,216 shares of the company's stock worth $66,000 after acquiring an additional 826 shares during the period. Finally, Tobam bought a new stake in shares of Ovintiv in the first quarter worth $77,000. Institutional investors own 78.26% of the company's stock.
Ovintiv Company Profile
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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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