U.S. Capital Wealth Advisors LLC Sells 53,483 Shares of Ovintiv Inc. (NYSE:OVV)

U.S. Capital Wealth Advisors LLC trimmed its holdings in shares of Ovintiv Inc. (NYSE:OVV - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,815 shares of the company's stock after selling 53,483 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Ovintiv were worth $3,273,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in OVV. True Wealth Design LLC increased its holdings in shares of 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 buying an additional 636 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ovintiv by 100.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock worth $29,000 after purchasing an additional 360 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Ovintiv by 27.7% in the third quarter. UMB Bank n.a. now owns 1,317 shares of the company's stock worth $50,000 after purchasing an additional 286 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new position in Ovintiv during the third quarter worth about $65,000. Finally, Covestor Ltd boosted its holdings in shares of Ovintiv by 43.9% in the 3rd quarter. Covestor Ltd now owns 1,835 shares of the company's stock worth $70,000 after buying an additional 560 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OVV. Bank of America upgraded shares of Ovintiv from a "neutral" rating to a "buy" rating and dropped their price target for the company from $55.00 to $54.00 in a research note on Monday, January 13th. National Bankshares increased their target price on Ovintiv from $51.00 to $56.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Mizuho lowered their price objective on shares of Ovintiv from $63.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, December 16th. UBS Group lowered their price objective on Ovintiv from $59.00 to $56.00 and set a "buy" rating for the company in a research report on Monday, December 9th. Finally, Wells Fargo & Company decreased their target price on shares of Ovintiv from $48.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ovintiv currently has an average rating of "Moderate Buy" and a consensus target price of $56.88.

Ovintiv Price Performance

OVV traded down $1.07 on Thursday, hitting $42.29. 3,275,294 shares of the company were exchanged, compared to its average volume of 2,558,396. The business's fifty day moving average is $42.29 and its 200 day moving average is $42.17. The firm has a market capitalization of $11.01 billion, a P/E ratio of 5.61 and a beta of 2.60. Ovintiv Inc. has a fifty-two week low of $36.90 and a fifty-two week high of $55.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52.

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

Ovintiv Company 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.