Korea Investment CORP Purchases Shares of 61,004 Ovintiv Inc. $OVV

Posted by Francis Steltz on Aug 25th, 2026

Korea Investment CORP purchased a new stake in shares of Ovintiv Inc. (NYSE:OVV – Free Report) in the 2nd quarter, Holdings Channel reports. The fund purchased 61,004 shares of the company’s stock, valued at approximately $3,212,000.

Several other institutional investors have also recently made changes to their positions in the business. Stifel Financial Corp grew its position in Ovintiv by 1.4% during the fourth quarter. Stifel Financial Corp now owns 19,113 shares of the company’s stock valued at $749,000 after buying an additional 269 shares during the period. CX Institutional raised its position in Ovintiv by 1.0% in the second quarter. CX Institutional now owns 28,363 shares of the company’s stock worth $1,493,000 after acquiring an additional 276 shares during the period. Root Financial Partners LLC boosted its stake in shares of Ovintiv by 43.2% during the 1st quarter. Root Financial Partners LLC now owns 918 shares of the company’s stock worth $54,000 after acquiring an additional 277 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of Ovintiv by 27.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company’s stock worth $52,000 after acquiring an additional 287 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Ovintiv by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 13,020 shares of the company’s stock valued at $773,000 after acquiring an additional 324 shares during the period. Institutional investors own 83.81% of the company’s stock.

Ovintiv Stock Down 1.4%

NYSE OVV opened at $65.91 on Tuesday. Ovintiv Inc. has a 12 month low of $35.47 and a 12 month high of $67.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The stock has a market cap of $18.16 billion, a PE ratio of 18.62 and a beta of 0.53. The stock’s 50 day moving average is $58.37 and its 200 day moving average is $56.45.

Ovintiv (NYSE:OVV – Get Free Report) last announced 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). Ovintiv had a net margin of 9.43% and a return on equity of 14.84%. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Research analysts predict that Ovintiv Inc. will post 7.09 EPS for the current fiscal year.

Ovintiv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, September 15th. Ovintiv’s payout ratio is currently 33.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OVV shares. Weiss Ratings upgraded Ovintiv from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Ovintiv from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. National Bank Financial boosted their price target on Ovintiv from $82.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Morgan Stanley set a $67.00 price target on Ovintiv in a research report on Wednesday, August 19th. Finally, Texas Capital raised Ovintiv to a “strong-buy” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.89.

Get Our Latest Analysis on Ovintiv

Insider Buying and Selling

In other Ovintiv news, EVP Rachel Maureen Moore sold 7,753 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $63.32, for a total value of $490,919.96. Following the sale, the executive vice president owned 72,530 shares in the company, valued at $4,592,599.60. The trade was a 9.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is currently owned by insiders.

Ovintiv Company 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.