Tidal Investments LLC Acquires 128,312 Shares of Ovintiv Inc. $OVV

Tidal Investments LLC grew its holdings in Ovintiv Inc. (NYSE:OVV) by 376.4% during the second quarter, Holdings Channel.com reports. The firm owned 162,405 shares of the company’s stock after acquiring an additional 128,312 shares during the period. Tidal Investments LLC’s holdings in Ovintiv were worth $8,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Ovintiv in the second quarter valued at $1,422,959,000. California State Teachers Retirement System lifted its position in Ovintiv by 5,195.6% during the 2nd quarter. California State Teachers Retirement System now owns 17,347,859 shares of the company’s stock worth $913,365,000 after buying an additional 17,020,269 shares in the last quarter. AQR Capital Management LLC lifted its position in Ovintiv by 263.8% during the 3rd quarter. AQR Capital Management LLC now owns 4,949,637 shares of the company’s stock worth $199,866,000 after buying an additional 3,589,030 shares in the last quarter. Millennium Management LLC lifted its position in Ovintiv by 116.3% during the 4th quarter. Millennium Management LLC now owns 5,692,806 shares of the company’s stock worth $223,101,000 after buying an additional 3,060,691 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Ovintiv during the 2nd quarter worth about $124,308,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

More Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $1.47 from $1.45 and its Q4 2026 forecast to $1.49 from $1.47. It also increased its FY2026 estimate to $6.70 from $6.66, suggesting somewhat stronger expected near-term operating performance.
• Positive Sentiment: Forecasts for 2027 were also lifted: Q1 EPS rose to $1.31 from $1.29, Q2 to $1.26 from $1.24, Q3 to $1.25 from $1.24, Q4 to $1.29 from $1.27, and full-year EPS to $5.11 from $5.03. These revisions indicate improved expectations across the year.
• Positive Sentiment: Zacks increased its Q1 2028 EPS estimate to $1.45 from $1.43 and FY2028 EPS to $6.57 from $6.51. The firm also raised its Q2 2028 estimate to $1.99 from $1.97 in an earlier note, extending the favorable revisions into the longer term.
• Neutral Sentiment: Despite the higher forecasts, Zacks retained its Hold rating. Its current full-year consensus estimate remains $7.30 per share, so the revisions represent incremental optimism rather than a major change in the investment view.
• Neutral Sentiment: Stifel Nicolaus issued a new rating on Ovintiv, but the supplied headline does not identify the rating or price target. Ovintiv Receives a New Rating from Stifel Nicolaus

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Truist Financial restated a “buy” rating and issued a $73.00 price objective (up from $66.00) on shares of Ovintiv in a research report on Monday, July 27th. Wells Fargo & Company upped their target price on shares of Ovintiv from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Barclays increased their price target on shares of Ovintiv from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Seaport Research Partners began coverage on shares of Ovintiv in a report on Thursday, September 3rd. They issued a “neutral” rating for the company. Finally, Wall Street Zen upgraded shares of Ovintiv from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.20.

Insider Buying and Selling at Ovintiv

In related news, EVP Rachel Moore sold 7,753 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 72,530 shares in the company, valued at $4,592,599.60. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.85% of the stock is currently owned by company insiders.

Ovintiv Price Performance

Shares of OVV stock opened at $63.62 on Friday. The stock has a 50-day moving average price of $61.68 and a 200 day moving average price of $58.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 17.97 and a beta of 0.53. Ovintiv Inc. has a 12 month low of $35.47 and a 12 month high of $67.51.

Ovintiv (NYSE:OVV) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.20). Ovintiv had a return on equity of 14.84% and a net margin of 9.43%.The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.37 billion. Research analysts expect that Ovintiv Inc. will post 7.3 EPS for the current year.

Ovintiv Announces Dividend

The firm 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 dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Ovintiv’s payout ratio is 33.90%.

About Ovintiv

Ovintiv Inc is an independent North American energy company engaged primarily in the exploration, development, production and acquisition of oil, condensate, natural gas liquids and natural gas. Its portfolio is focused on unconventional, or shale, resource plays, with operations designed to produce a mix of higher-value liquids and natural gas.

The company’s principal assets are located in the United States and Canada. Its U.S. operations include positions in the Permian Basin of west Texas and New Mexico, the Uinta Basin of Utah and the Anadarko Basin of Oklahoma, while its Canadian operations include properties in Alberta’s Montney and Duvernay formations.