5,761 Shares in Ovintiv Inc. (NYSE:OVV) Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new stake in Ovintiv Inc. (NYSE:OVV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,761 shares of the company's stock, valued at approximately $244,000.

A number of other institutional investors also recently modified their holdings of the company. True Wealth Design LLC increased its position in Ovintiv by 3,180.0% during the third quarter. True Wealth Design LLC now owns 656 shares of the company's stock worth $25,000 after acquiring an additional 636 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Ovintiv by 100.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock worth $29,000 after acquiring an additional 360 shares during the period. UMB Bank n.a. increased its position in Ovintiv by 27.7% during the third quarter. UMB Bank n.a. now owns 1,317 shares of the company's stock worth $50,000 after acquiring an additional 286 shares during the period. Transamerica Financial Advisors Inc. bought a new position in Ovintiv during the third quarter worth $65,000. Finally, Covestor Ltd increased its position in Ovintiv by 43.9% during the third quarter. Covestor Ltd now owns 1,835 shares of the company's stock worth $70,000 after acquiring an additional 560 shares during the period. Institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OVV shares. National Bankshares lifted their price target on shares of Ovintiv from $51.00 to $56.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Citigroup decreased their price target on shares of Ovintiv from $55.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Bank of America upgraded shares of Ovintiv from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $55.00 to $54.00 in a research note on Monday, January 13th. Siebert Williams Shank upgraded shares of Ovintiv to a "strong-buy" rating in a research note on Tuesday, October 15th. Finally, Scotiabank lifted their price target on shares of Ovintiv from $50.00 to $53.00 and gave the stock a "sector outperform" rating in a research note on Monday, November 18th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.88.

Ovintiv Price Performance

NYSE OVV traded up $0.19 on Friday, hitting $42.53. 1,733,308 shares of the company were exchanged, compared to its average volume of 2,547,620. The firm has a 50 day moving average of $42.17 and a two-hundred day moving average of $42.14. The company has a market cap of $11.07 billion, a P/E ratio of 5.64 and a beta of 2.60. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. Ovintiv Inc. has a 1-year low of $36.90 and a 1-year high of $55.95.

Ovintiv (NYSE:OVV - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.76. The firm had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.32 billion. Ovintiv had a return on equity of 17.87% and a net margin of 20.15%. During the same period in the previous year, the business posted $1.74 EPS. On average, equities analysts predict that Ovintiv Inc. will post 5.59 EPS for the current year.

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.