UMB Bank n.a. Has $100,000 Stake in Ovintiv Inc. (NYSE:OVV)

UMB Bank n.a. boosted its holdings in shares of Ovintiv Inc. (NYSE:OVV) by 87.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,473 shares of the company’s stock after buying an additional 1,156 shares during the period. UMB Bank n.a.’s holdings in Ovintiv were worth $100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Ovintiv by 17.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,212,561 shares of the company’s stock valued at $314,623,000 after acquiring an additional 1,207,610 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Ovintiv by 11,282.4% during the third quarter. Pacer Advisors Inc. now owns 6,543,648 shares of the company’s stock worth $250,687,000 after purchasing an additional 6,486,159 shares during the period. Smead Capital Management Inc. boosted its holdings in Ovintiv by 3.5% during the third quarter. Smead Capital Management Inc. now owns 6,303,203 shares of the company’s stock valued at $241,476,000 after purchasing an additional 212,535 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ovintiv by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,533,633 shares of the company’s stock valued at $173,296,000 after purchasing an additional 205,409 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Ovintiv by 114.9% in the 2nd quarter. AQR Capital Management LLC now owns 3,027,292 shares of the company’s stock worth $141,889,000 after buying an additional 1,618,556 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Ovintiv Price Performance

Shares of OVV stock opened at $45.76 on Friday. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 6.07 and a beta of 2.63. Ovintiv Inc. has a 12 month low of $36.90 and a 12 month high of $55.95. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $42.62 and a 200 day moving average price of $42.45.

Ovintiv (NYSE:OVV) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.09 by $0.76. Ovintiv had a net margin of 20.15% and a return on equity of 17.87%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company earned $1.74 EPS. Research analysts expect that Ovintiv Inc. will post 5.58 EPS for the current year.

Ovintiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.62%. Ovintiv’s dividend payout ratio is currently 15.92%.

Analyst Upgrades and Downgrades

OVV has been the topic of a number of analyst reports. Citigroup lowered their price target on Ovintiv from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Siebert Williams Shank raised shares of Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. Barclays lifted their price target on shares of Ovintiv from $53.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Truist Financial upped their price objective on shares of Ovintiv from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company cut their target price on shares of Ovintiv from $48.00 to $42.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.81.

About Ovintiv

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.