Hillsdale Investment Management Inc. Raises Stock Holdings in Ovintiv Inc. $OVV

Hillsdale Investment Management Inc. increased its position in Ovintiv Inc. (NYSE:OVV) by 317.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 187,800 shares of the company’s stock after purchasing an additional 142,800 shares during the period. Hillsdale Investment Management Inc.’s holdings in Ovintiv were worth $7,373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OVV. Foster Dykema Cabot & Partners LLC purchased a new stake in Ovintiv in the third quarter worth $36,000. Flagship Harbor Advisors LLC purchased a new stake in Ovintiv in the fourth quarter worth $38,000. IFP Advisors Inc grew its stake in Ovintiv by 58.4% in the third 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 period. Advisory Services Network LLC purchased a new stake in Ovintiv in the third quarter worth $58,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in Ovintiv by 258.2% in the third quarter. CIBC Private Wealth Group LLC now owns 1,576 shares of the company’s stock worth $64,000 after acquiring an additional 1,136 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Ovintiv Trading Up 0.3%

Ovintiv stock opened at $55.95 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. The business’s fifty day simple moving average is $58.01 and its two-hundred day simple moving average is $48.51. Ovintiv Inc. has a 12 month low of $35.47 and a 12 month high of $63.46. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 18.05 and a beta of 0.57.

Ovintiv (NYSE:OVV) last announced its quarterly earnings results on Monday, May 11th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.15. Ovintiv had a return on equity of 13.14% and a net margin of 8.51%.The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.38 billion. As a group, equities analysts predict that Ovintiv Inc. will post 8.15 earnings per share for the current fiscal year.

Ovintiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Ovintiv’s dividend payout ratio (DPR) is 38.71%.

Insider Buying and Selling at Ovintiv

In related news, EVP Meghan Nicole Eilers sold 11,582 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $54.78, for a total transaction of $634,461.96. Following the sale, the executive vice president directly owned 54,092 shares of the company’s stock, valued at $2,963,159.76. This trade represents a 17.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Howard John Mayson sold 5,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $52.39, for a total value of $261,950.00. Following the sale, the director directly owned 45,780 shares in the company, valued at $2,398,414.20. This trade represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Roth Mkm boosted their target price on Ovintiv from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Mizuho boosted their target price on Ovintiv from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday. Weiss Ratings downgraded Ovintiv from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Zacks Research raised Ovintiv from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Finally, Bank of America boosted their target price on Ovintiv from $63.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research raised Ovintiv’s earnings outlook across several future periods, including higher estimates for FY2026, FY2027, and FY2028, signaling improved profit expectations.
• Positive Sentiment: The firm reiterated a Strong-Buy rating on Ovintiv, reinforcing a bullish analyst stance on the stock.
• Neutral Sentiment: The updated estimates still remain below the broader consensus for current-year earnings, so the bullish impact may be tempered by existing market expectations.

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.