11,574 Shares in Ovintiv Inc. $OVV Bought by Krilogy Financial LLC

Krilogy Financial LLC purchased a new stake in Ovintiv Inc. (NYSE:OVV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,574 shares of the company’s stock, valued at approximately $467,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC acquired a new stake in shares of Ovintiv in the 3rd quarter valued at about $31,000. IFP Advisors Inc grew its stake in Ovintiv by 316.7% in the second quarter. IFP Advisors Inc now owns 846 shares of the company’s stock worth $32,000 after purchasing an additional 643 shares in the last quarter. HM Payson & Co. bought a new stake in Ovintiv in the third quarter valued at about $36,000. Quent Capital LLC acquired a new stake in Ovintiv during the third quarter valued at approximately $37,000. Finally, MAI Capital Management raised its stake in Ovintiv by 174.6% during the second quarter. MAI Capital Management now owns 1,170 shares of the company’s stock valued at $45,000 after buying an additional 744 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OVV. TD Cowen upgraded Ovintiv to a “strong-buy” rating in a report on Monday, February 9th. Wells Fargo & Company lifted their price objective on shares of Ovintiv from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 18th. Zacks Research lowered shares of Ovintiv from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. UBS Group reissued a “buy” rating on shares of Ovintiv in a report on Thursday, January 22nd. Finally, Evercore reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Ovintiv in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.06.

Ovintiv Stock Performance

OVV stock opened at $46.89 on Friday. Ovintiv Inc. has a 1 year low of $29.80 and a 1 year high of $48.17. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 51.52, a PEG ratio of 2.63 and a beta of 0.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 0.45. The stock’s fifty day moving average is $40.92 and its two-hundred day moving average is $40.18.

Insider Transactions at Ovintiv

In related news, COO Gregory Dean Givens sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $40.33, for a total value of $2,016,500.00. Following the sale, the chief operating officer directly owned 105,867 shares in the company, valued at $4,269,616.11. This trade represents a 32.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Ovintiv Company Profile

Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv’s upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company’s core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.