128,738 Shares in Ovintiv Inc. $OVV Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of Ovintiv Inc. (NYSE:OVV – Free Report) in the 4th quarter, Holdings Channel reports. The fund bought 128,738 shares of the company’s stock, valued at approximately $5,045,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Ovintiv during the 3rd quarter worth about $36,000. Flagship Harbor Advisors LLC bought a new stake in shares of Ovintiv during the 4th quarter worth about $38,000. IFP Advisors Inc boosted its holdings in shares of Ovintiv by 58.4% during the 3rd quarter. IFP Advisors Inc now owns 1,340 shares of the company’s stock worth $54,000 after buying an additional 494 shares during the period. Advisory Services Network LLC bought a new stake in shares of Ovintiv during the 3rd quarter worth about $58,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Ovintiv by 258.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,576 shares of the company’s stock worth $64,000 after buying an additional 1,136 shares during the period. Institutional investors own 83.81% of the company’s stock.

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Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research raised Ovintiv’s earnings outlook across several future periods, including higher estimates for FY2026, FY2027, and FY2028, signaling improved profit expectations.
• Positive Sentiment: The firm reiterated a Strong-Buy rating on Ovintiv, reinforcing a bullish analyst stance on the stock.
• Neutral Sentiment: The updated estimates still remain below the broader consensus for current-year earnings, so the bullish impact may be tempered by existing market expectations.

Insider Transactions at Ovintiv

In other Ovintiv news, Director Howard John Mayson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $52.39, for a total value of $261,950.00. Following the completion of the sale, the director owned 45,780 shares of the company’s stock, valued at $2,398,414.20. The trade was a 9.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Meghan Nicole Eilers sold 11,582 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $54.78, for a total transaction of $634,461.96. Following the sale, the executive vice president directly owned 54,092 shares of the company’s stock, valued at approximately $2,963,159.76. This trade represents a 17.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.85% of the company’s stock.

Ovintiv Stock Performance

NYSE OVV opened at $55.95 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $15.72 billion, a P/E ratio of 18.05 and a beta of 0.53. Ovintiv Inc. has a 12-month low of $35.47 and a 12-month high of $63.46. The firm has a 50-day moving average price of $58.01 and a two-hundred day moving average price of $48.58.

Ovintiv (NYSE:OVV – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.15. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.38 billion. Ovintiv had a net margin of 8.51% and a return on equity of 13.14%. Analysts anticipate that Ovintiv Inc. will post 8.15 earnings per share for the current year.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. Ovintiv’s payout ratio is currently 38.71%.

Analysts Set New Price Targets

Several brokerages recently commented on OVV. Scotiabank raised shares of Ovintiv from an “outperform” rating to a “buy” rating in a report on Wednesday, May 20th. TD Cowen lifted their target price on shares of Ovintiv from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, March 17th. The Goldman Sachs Group lifted their target price on shares of Ovintiv from $49.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Barclays boosted their price objective on shares of Ovintiv from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, National Bank Financial boosted their price objective on shares of Ovintiv from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

Read Our Latest Stock Report on Ovintiv

About Ovintiv

(Free Report)

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.

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