Ovintiv Inc. $OVV Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of Ovintiv Inc. (NYSE:OVV) by 74.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,481,562 shares of the company’s stock after purchasing an additional 631,262 shares during the quarter. First Trust Advisors LP’s holdings in Ovintiv were worth $87,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Steph & Co. bought a new position in Ovintiv in the first quarter worth about $29,000. Flagship Harbor Advisors LLC bought a new position in shares of Ovintiv during the fourth quarter valued at approximately $38,000. Los Angeles Capital Management LLC acquired a new stake in shares of Ovintiv during the 4th quarter worth approximately $46,000. Deseret Mutual Benefit Administrators raised its position 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 purchasing an additional 287 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Ovintiv by 58.4% in the 3rd quarter. IFP Advisors Inc now owns 1,340 shares of the company’s stock worth $54,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

OVV has been the subject of a number of recent research reports. Citigroup lowered their price objective on Ovintiv from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, July 17th. National Bank Financial raised their target price on Ovintiv from $82.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Wall Street Zen raised shares of Ovintiv from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial lowered their price target on shares of Ovintiv from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Finally, Wells Fargo & Company raised shares of Ovintiv from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $57.00 to $80.00 in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.68.

Key Ovintiv News

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 Stock Up 2.8%

Shares of Ovintiv stock opened at $63.08 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.56 and a quick ratio of 0.56. Ovintiv Inc. has a 1-year low of $35.47 and a 1-year high of $64.61. The business’s fifty day moving average price is $56.37 and its two-hundred day moving average price is $53.10. The company has a market capitalization of $17.73 billion, a P/E ratio of 17.82 and a beta of 0.53.

Ovintiv (NYSE:OVV) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.20). The business had revenue of $3.01 billion during 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%. As a group, research analysts forecast that Ovintiv Inc. will post 7.08 EPS for the current year.

Ovintiv Announces Dividend

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

Ovintiv Profile

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.