Fifth Third Bancorp Has $5.96 Million Stock Holdings in Ovintiv Inc. $OVV

Fifth Third Bancorp increased its holdings in shares of Ovintiv Inc. (NYSE:OVV) by 7,219.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 100,421 shares of the company’s stock after purchasing an additional 99,049 shares during the quarter. Fifth Third Bancorp’s holdings in Ovintiv were worth $5,961,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Steph & Co. purchased a new stake in Ovintiv in the 1st quarter worth about $29,000. Root Financial Partners LLC grew its stake in Ovintiv by 43.2% during the 1st quarter. Root Financial Partners LLC now owns 918 shares of the company’s stock valued at $54,000 after acquiring an additional 277 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Ovintiv during the 4th quarter valued at about $38,000. Los Angeles Capital Management LLC acquired a new position in shares of Ovintiv in the 4th quarter valued at about $46,000. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of Ovintiv by 27.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company’s stock valued at $52,000 after purchasing an additional 287 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Ovintiv Stock Up 0.9%

OVV opened at $56.53 on Friday. The company has a market capitalization of $15.89 billion, a PE ratio of 18.24 and a beta of 0.53. 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 fifty-two week low of $35.47 and a fifty-two week high of $63.46. The business has a 50-day moving average of $56.19 and a 200-day moving average of $52.33.

Ovintiv Announces Dividend

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

Analysts Set New Price Targets

OVV has been the subject of several research reports. Truist Financial decreased their price target on shares of Ovintiv from $70.00 to $66.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings downgraded shares of Ovintiv from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Mizuho upped their price objective on shares of Ovintiv from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Ovintiv from a “buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Bank of America lifted their target price on shares of Ovintiv from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. One equities research 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 stock. According to MarketBeat, Ovintiv currently has a consensus rating of “Moderate Buy” and an average target price of $64.16.

More Ovintiv News

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

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.