Weiss Asset Management LP purchased a new position in shares of Ovintiv Inc. (NYSE:OVV – Free Report) in the 1st quarter, HoldingsChannel reports. The firm purchased 596,820 shares of the company’s stock, valued at approximately $35,427,000. Ovintiv accounts for about 0.6% of Weiss Asset Management LP’s portfolio, making the stock its 21st biggest holding.
A number of other hedge funds and other institutional investors have also recently modified their holdings of OVV. Integrated Wealth Concepts LLC raised its stake in Ovintiv by 70.9% during the first quarter. Integrated Wealth Concepts LLC now owns 9,127 shares of the company’s stock worth $391,000 after buying an additional 3,788 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Ovintiv during the first quarter valued at $202,000. Focus Partners Wealth boosted its position in Ovintiv by 49.3% during the first quarter. Focus Partners Wealth now owns 19,282 shares of the company’s stock valued at $825,000 after acquiring an additional 6,364 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Ovintiv by 47.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,830 shares of the company’s stock worth $78,000 after acquiring an additional 589 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Ovintiv by 103.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,298 shares of the company’s stock worth $126,000 after acquiring an additional 1,675 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.
Analyst Ratings Changes
OVV has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Ovintiv from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Citigroup decreased their target price on Ovintiv from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, July 17th. Weiss Ratings cut Ovintiv from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada set a $70.00 target price on Ovintiv and gave the stock an “outperform” rating in a report on Monday, June 22nd. Finally, Texas Capital raised Ovintiv to a “strong-buy” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.68.
Ovintiv News Summary
Here are the key news stories impacting Ovintiv this week:
- Positive Sentiment: Ovintiv reported robust Q2 cash flow, including $1.6 billion from operations and $682 million in free cash flow, while returning a large portion of that cash to shareholders through buybacks and dividends. The company also said full-year shareholder returns are expected to exceed 60% of free cash flow. Ovintiv Reports Second Quarter 2026 Financial and Operating Results
- Positive Sentiment: The company raised full-year 2026 production guidance, citing higher expected oil and condensate output without increasing capital spending, which suggests improving efficiency and stronger operating leverage. Ovintiv Reports Second Quarter 2026 Financial and Operating Results
- Positive Sentiment: Ovintiv completed the sale of its Anadarko assets for about $2.82 billion in cash and ended the quarter with net debt of $2.995 billion, or just 0.6x adjusted EBITDA, reinforcing a cleaner balance sheet. Ovintiv Reports Second Quarter 2026 Financial and Operating Results
- Neutral Sentiment: The company declared a quarterly dividend of $0.30 per share, which supports its income profile but was largely expected.
- Negative Sentiment: Second-quarter earnings per share of $1.74 missed analyst estimates of around $1.91 to $1.94, which may cap some of the upside from the otherwise strong operating results. Ovintiv (OVV) Lags Q2 Earnings Estimates
Ovintiv Price Performance
Shares of NYSE OVV opened at $63.08 on Friday. The firm’s 50-day moving average price is $56.37 and its 200-day moving average price is $53.10. Ovintiv Inc. has a 1-year low of $35.47 and a 1-year high of $64.61. The firm has a market capitalization of $17.73 billion, a P/E ratio of 17.82 and a beta of 0.53. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.
Ovintiv (NYSE:OVV – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.20). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.37 billion. Ovintiv had a return on equity of 15.01% and a net margin of 9.43%. Equities research analysts anticipate that Ovintiv Inc. will post 7.08 earnings per share for the current fiscal year.
Ovintiv Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Ovintiv’s dividend payout ratio is 33.90%.
About Ovintiv
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.
Read More
- Five stocks we like better than Ovintiv
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
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.
