Ovintiv Inc. (NYSE:OVV) Stock Holdings Reduced by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in Ovintiv Inc. (NYSE:OVV - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,942 shares of the company's stock after selling 7,494 shares during the quarter. Yousif Capital Management LLC's holdings in Ovintiv were worth $3,926,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. abrdn plc acquired a new position in shares of Ovintiv in the 4th quarter worth approximately $346,000. DAVENPORT & Co LLC grew its position in shares of Ovintiv by 1,021.4% in the 4th quarter. DAVENPORT & Co LLC now owns 16,384 shares of the company's stock worth $664,000 after acquiring an additional 14,923 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Ovintiv in the 4th quarter worth approximately $244,000. Mediolanum International Funds Ltd grew its position in shares of Ovintiv by 92.1% in the 4th quarter. Mediolanum International Funds Ltd now owns 25,625 shares of the company's stock worth $1,017,000 after acquiring an additional 12,289 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Ovintiv by 1,807.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 791,853 shares of the company's stock worth $32,070,000 after acquiring an additional 750,349 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Ovintiv Stock Up 2.0 %

Shares of OVV stock traded up $0.90 on Tuesday, reaching $45.39. 2,490,695 shares of the company's stock traded hands, compared to its average volume of 2,516,139. Ovintiv Inc. has a 12-month low of $36.90 and a 12-month 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. The company has a market capitalization of $11.81 billion, a P/E ratio of 6.02 and a beta of 2.60. The business's 50 day moving average price is $42.17 and its two-hundred day moving average price is $42.07.

Analysts Set New Price Targets

A number of research firms recently issued reports on OVV. UBS Group reduced 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. Bank of America upgraded Ovintiv from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $55.00 to $54.00 in a research report on Monday, January 13th. Citigroup reduced their price objective on Ovintiv from $55.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, November 26th. Truist Financial boosted their price objective on Ovintiv from $59.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, Scotiabank lifted their target price on Ovintiv from $50.00 to $53.00 and gave the company a "sector outperform" rating in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Ovintiv currently has a consensus rating of "Moderate Buy" and an average target price of $56.88.

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.