Allspring Global Investments Holdings LLC decreased its stake in shares of Ovintiv Inc. (NYSE:OVV – Free Report) by 97.6% during the third quarter, Holdings Channel reports. The firm owned 913 shares of the company’s stock after selling 36,710 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ovintiv were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Ovintiv in the second quarter worth approximately $39,000. Geneos Wealth Management Inc. increased its stake in shares of Ovintiv by 53.4% in the first quarter. Geneos Wealth Management Inc. now owns 862 shares of the company’s stock worth $45,000 after purchasing an additional 300 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Ovintiv by 27.7% in the third quarter. UMB Bank n.a. now owns 1,317 shares of the company’s stock worth $50,000 after purchasing an additional 286 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Ovintiv in the second quarter worth $69,000. Finally, Covestor Ltd increased its stake in shares of Ovintiv by 23.1% in the first quarter. Covestor Ltd now owns 1,559 shares of the company’s stock worth $81,000 after purchasing an additional 293 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.
Ovintiv Price Performance
OVV stock opened at $39.96 on Wednesday. Ovintiv Inc. has a 52 week low of $36.90 and a 52 week high of $55.95. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $40.58 and a two-hundred day simple moving average of $44.95. The firm has a market capitalization of $10.53 billion, a P/E ratio of 5.64, a price-to-earnings-growth ratio of 7.42 and a beta of 2.62.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Ovintiv
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.
Featured Stories
- Five stocks we like better than Ovintiv
- P/E Ratio Calculation: How to Assess Stocks
- Palantir Cracks $50, Is There Still Time to Get on Board?
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Insider Buying Signals Upside for These 3 Stocks
- The How and Why of Investing in Gold Stocks
- These 2 Big Players Are Set to Compete With Elon Musk’s Starlink
Want to see what other hedge funds are holding OVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ovintiv Inc. (NYSE:OVV – Free Report).
Receive News & Ratings for Ovintiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ovintiv and related companies with MarketBeat.com's FREE daily email newsletter.