Ovintiv Inc. $OVV Shares Sold by Wedge Capital Management L L P NC

Posted by George Bondi on Aug 13th, 2026

Wedge Capital Management L L P NC lowered its position in Ovintiv Inc. (NYSE:OVV – Free Report) by 22.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 223,339 shares of the company’s stock after selling 65,720 shares during the period. Wedge Capital Management L L P NC owned 0.08% of Ovintiv worth $11,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steph & Co. acquired a new position in Ovintiv during the first quarter worth about $29,000. Root Financial Partners LLC lifted its stake in Ovintiv by 43.2% in the 1st quarter. Root Financial Partners LLC now owns 918 shares of the company’s stock worth $54,000 after purchasing an additional 277 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Ovintiv during the 4th quarter worth approximately $38,000. Los Angeles Capital Management LLC purchased a new stake in shares of Ovintiv in the fourth quarter valued at approximately $46,000. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of Ovintiv by 27.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company’s stock valued at $52,000 after purchasing an additional 287 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on OVV shares. Weiss Ratings upgraded Ovintiv from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. UBS Group upped their target price on Ovintiv from $71.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Stephens reaffirmed a “positive” rating and issued a $69.00 target price on shares of Ovintiv in a research note on Friday, July 24th. Royal Bank Of Canada lifted their price target on Ovintiv from $70.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Finally, National Bank Financial boosted their price target on shares of Ovintiv from $82.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ovintiv presently has an average rating of “Moderate Buy” and a consensus price target of $66.79.

Read Our Latest Stock Report on OVV

Ovintiv Stock Down 0.1%

OVV stock opened at $63.38 on Thursday. The firm has a market cap of $17.46 billion, a PE ratio of 17.90 and a beta of 0.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day moving average price is $57.12 and its 200-day moving average price is $55.20. Ovintiv Inc. has a one year low of $35.47 and a one year high of $64.61.

Ovintiv (NYSE:OVV – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.20). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.37 billion. Ovintiv had a net margin of 9.43% and a return on equity of 14.84%. On average, equities research analysts anticipate that Ovintiv Inc. will post 6.87 EPS for the current year.

Ovintiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a $0.30 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. Ovintiv’s payout ratio is currently 33.90%.

Ovintiv Profile

(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.