Centiva Capital LP Has $894,000 Holdings in Ovintiv Inc. (NYSE:OVV)

Centiva Capital LP raised its holdings in Ovintiv Inc. (NYSE:OVV) by 107.9% in the third quarter, Holdings Channel reports. The fund owned 23,323 shares of the company’s stock after acquiring an additional 12,104 shares during the period. Centiva Capital LP’s holdings in Ovintiv were worth $894,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Pacer Advisors Inc. grew its position in shares of Ovintiv by 11,282.4% in the 3rd quarter. Pacer Advisors Inc. now owns 6,543,648 shares of the company’s stock valued at $250,687,000 after purchasing an additional 6,486,159 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Ovintiv by 114.9% in the second quarter. AQR Capital Management LLC now owns 3,027,292 shares of the company’s stock valued at $141,889,000 after buying an additional 1,618,556 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Ovintiv by 7,422.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,359,014 shares of the company’s stock worth $52,064,000 after acquiring an additional 1,340,947 shares in the last quarter. SIR Capital Management L.P. acquired a new stake in shares of Ovintiv during the second quarter worth $22,732,000. Finally, Victory Capital Management Inc. lifted its position in Ovintiv by 42.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,174,397 shares of the company’s stock valued at $44,991,000 after acquiring an additional 350,909 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Siebert Williams Shank upgraded Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. Morgan Stanley dropped their target price on Ovintiv from $53.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Barclays upped their price target on Ovintiv from $53.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. lowered their price objective on shares of Ovintiv from $60.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Finally, Evercore ISI reduced their target price on shares of Ovintiv from $60.00 to $54.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ovintiv presently has a consensus rating of “Moderate Buy” and an average price target of $56.65.

Ovintiv Trading Up 0.1 %

Shares of Ovintiv stock opened at $42.67 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.52 and a quick ratio of 0.52. The business has a fifty day simple moving average of $42.26 and a two-hundred day simple moving average of $43.94. Ovintiv Inc. has a 1 year low of $36.90 and a 1 year high of $55.95. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 5.66 and a beta of 2.63.

Ovintiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, December 13th. Ovintiv’s payout ratio is 15.92%.

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.