Dana Investment Advisors Inc. Has $827,000 Stake in Ovintiv Inc. (NYSE:OVV)

Dana Investment Advisors Inc. decreased its holdings in Ovintiv Inc. (NYSE:OVV) by 3.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,419 shares of the company’s stock after selling 700 shares during the period. Dana Investment Advisors Inc.’s holdings in Ovintiv were worth $827,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in Ovintiv by 3,180.0% in 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 during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Ovintiv by 100.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company’s stock worth $29,000 after buying an additional 360 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Ovintiv by 71.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 805 shares of the company’s stock worth $32,000 after buying an additional 335 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in Ovintiv by 3,571.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,028 shares of the company’s stock worth $42,000 after buying an additional 1,000 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in Ovintiv by 4,132.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,312 shares of the company’s stock worth $53,000 after buying an additional 1,281 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Ovintiv Stock Up 1.5 %

OVV opened at $38.55 on Friday. Ovintiv Inc. has a 1-year low of $36.62 and a 1-year high of $55.95. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 5.11 and a beta of 2.55. The business has a 50 day moving average of $43.04 and a 200-day moving average of $41.98.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. Ovintiv’s dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OVV. Mizuho dropped their price objective on Ovintiv from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. National Bankshares increased their price objective on Ovintiv from $51.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Truist Financial increased their price objective on Ovintiv from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Scotiabank increased their price target on Ovintiv from $50.00 to $53.00 and gave the company a “sector outperform” rating in a report on Monday, November 18th. Finally, UBS Group lowered their price target on Ovintiv from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.88.

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.