Hillsdale Investment Management Inc. Lowers Holdings in Ovintiv Inc. $OVV

Hillsdale Investment Management Inc. trimmed its stake in Ovintiv Inc. (NYSE:OVV) by 93.6% during the 1st quarter, HoldingsChannel reports. The fund owned 12,000 shares of the company’s stock after selling 175,800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Ovintiv were worth $712,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of OVV. Integrated Wealth Concepts LLC boosted its stake in Ovintiv by 70.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,127 shares of the company’s stock worth $391,000 after purchasing an additional 3,788 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in Ovintiv during the 1st quarter valued at about $202,000. Focus Partners Wealth increased its stake in Ovintiv by 49.3% during the 1st quarter. Focus Partners Wealth now owns 19,282 shares of the company’s stock valued at $825,000 after purchasing an additional 6,364 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Ovintiv by 47.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,830 shares of the company’s stock worth $78,000 after buying an additional 589 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Ovintiv by 103.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,298 shares of the company’s stock worth $126,000 after buying an additional 1,675 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research raised multiple near- and medium-term EPS estimates for Ovintiv, including Q3 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027, Q1 2028, Q2 2028, and FY2028, suggesting slightly better earnings prospects. Analyst estimate updates for OVV
• Neutral Sentiment: Zacks Research reiterated a Hold rating on Ovintiv, indicating the stock is not viewed as an obvious outperformer despite the higher estimates. Analyst rating on OVV
• Negative Sentiment: A Zacks preview said Ovintiv does not have the “right combination” of factors for a likely earnings beat in the upcoming report, raising some caution ahead of results. Zacks earnings preview article
• Neutral Sentiment: Ovintiv is expected to report earnings on Thursday, so shares may remain sensitive to last-minute revisions and pre-earnings positioning. Ovintiv expected to announce earnings

Ovintiv Trading Up 0.9%

Shares of OVV stock opened at $56.53 on Friday. 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 Inc. has a 12-month low of $35.47 and a 12-month high of $63.46. The stock has a market capitalization of $15.89 billion, a P/E ratio of 18.24 and a beta of 0.53. The firm’s 50 day moving average is $56.19 and its 200 day moving average is $52.33.

Ovintiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, June 15th. Ovintiv’s dividend payout ratio (DPR) is 38.71%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OVV. Wells Fargo & Company upgraded shares of Ovintiv from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $57.00 to $80.00 in a report on Monday, June 22nd. Texas Capital raised Ovintiv to a “strong-buy” rating in a research report on Thursday, June 25th. Roth Capital increased their target price on Ovintiv from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Citigroup reissued a “neutral” rating and issued a $62.00 target price (up from $52.00) on shares of Ovintiv in a report on Monday, March 30th. Finally, Barclays boosted their price target on Ovintiv from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Ovintiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.16.

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.