Mcintyre Freedman & Flynn Investment Advisers Inc. Sells 2,000 Shares of Ovintiv Inc. (NYSE:OVV)

Mcintyre Freedman & Flynn Investment Advisers Inc. lowered its holdings in Ovintiv Inc. (NYSE:OVV) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,600 shares of the company’s stock after selling 2,000 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Ovintiv were worth $1,077,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OVV. Pacer Advisors Inc. grew 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 valued at $250,687,000 after acquiring an additional 6,486,159 shares in the last quarter. Pacific Heights Asset Management LLC grew its stake in Ovintiv by 697.4% during the fourth quarter. Pacific Heights Asset Management LLC now owns 1,515,000 shares of the company’s stock valued at $61,358,000 after acquiring an additional 1,325,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Ovintiv by 17.2% during the third 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. Robeco Institutional Asset Management B.V. grew its stake in Ovintiv by 1,807.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 791,853 shares of the company’s stock valued at $32,070,000 after acquiring an additional 750,349 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Ovintiv by 42.6% during the third 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. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Ovintiv Stock Down 1.7 %

Shares of Ovintiv stock opened at $37.89 on Tuesday. 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 company has a 50-day moving average of $43.00 and a 200 day moving average of $41.94. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 5.02 and a beta of 2.55. Ovintiv Inc. has a 1 year low of $36.62 and a 1 year high of $55.95.

Ovintiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. Ovintiv’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OVV. Mizuho reduced their price objective on shares of Ovintiv from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. UBS Group cut their price target on shares of Ovintiv from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, December 9th. Barclays boosted their price target on shares of Ovintiv from $57.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. National Bankshares boosted their price target on shares of Ovintiv from $51.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Bank of America raised shares of Ovintiv from a “neutral” rating to a “buy” rating and cut their price target for the stock from $55.00 to $54.00 in a research note on Monday, January 13th. Four equities 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 MarketBeat.com, Ovintiv currently has an average rating of “Moderate Buy” and an average price target of $56.94.

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.