Ovintiv (NYSE:OVV) EVP Rachel Maureen Moore Sells 7,753 Shares

Ovintiv Inc. (NYSE:OVV) EVP Rachel Maureen Moore sold 7,753 shares of Ovintiv stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $63.32, for a total transaction of $490,919.96. Following the completion of the transaction, the executive vice president owned 72,530 shares of the company’s stock, valued at $4,592,599.60. This trade represents a 9.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Ovintiv Price Performance

Shares of OVV opened at $62.99 on Friday. The company has a market cap of $17.35 billion, a P/E ratio of 17.79 and a beta of 0.53. Ovintiv Inc. has a fifty-two week low of $35.47 and a fifty-two week high of $64.61. 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’s 50 day moving average price is $57.31 and its 200 day moving average price is $55.40.

Ovintiv (NYSE:OVV) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.74 EPS 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 business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.37 billion. On average, research analysts forecast that Ovintiv Inc. will post 6.87 earnings per share for the current fiscal 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 paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Ovintiv’s payout ratio is presently 33.90%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OVV. Wall Street Zen upgraded Ovintiv from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. National Bank Financial raised their target price on shares of Ovintiv from $82.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Royal Bank Of Canada boosted their price target on shares of Ovintiv from $70.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Texas Capital upgraded shares of Ovintiv to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Stephens reiterated a “positive” rating and set a $69.00 target price on shares of Ovintiv in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.79.

Institutional Investors Weigh In On Ovintiv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Ovintiv during the second quarter worth about $1,422,959,000. Dimensional Fund Advisors LP lifted its holdings in shares of Ovintiv by 17.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,059,334 shares of the company’s stock valued at $433,418,000 after purchasing an additional 1,669,469 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Ovintiv by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,890,315 shares of the company’s stock valued at $387,601,000 after purchasing an additional 203,256 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Ovintiv by 16.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,880,705 shares of the company’s stock worth $467,874,000 after buying an additional 1,137,162 shares during the last quarter. Finally, Millennium Management LLC grew its stake 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 during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research raised its EPS forecasts for Ovintiv’s first quarter of 2027 to $1.29 from $1.22 and for the second quarter of 2028 to $1.97 from $1.81. These increases provide some support for the longer-term outlook. MarketBeat Ovintiv analyst estimates
• Neutral Sentiment: Zacks maintained a Hold rating on Ovintiv. Its new fiscal 2026 EPS estimate is $6.66, compared with the broader consensus estimate of $6.87, while the company’s shares are trading near their 52-week high of $64.61. MarketBeat Ovintiv analyst estimates
• Negative Sentiment: Zacks reduced several earnings forecasts, including third-quarter 2026 EPS to $1.45 from $1.49 and fourth-quarter 2026 EPS to $1.47 from $1.57. It also lowered estimates for the second, third and fourth quarters of 2027 to $1.24, $1.24 and $1.27, respectively.
• Negative Sentiment: The larger annual revisions are more concerning for investors: fiscal 2027 EPS was cut to $5.03 from $5.58, and fiscal 2028 EPS to $6.51 from $7.22. First-quarter 2028 EPS was also reduced to $1.43 from $1.78. The broad pattern suggests analysts expect softer profitability over the next several reporting periods. MarketBeat Ovintiv analyst estimates
• Negative Sentiment: Executive Vice President Rachel Maureen Moore sold 7,753 shares at an average price of $63.32, reducing her position by 9.66%. She still owns 72,530 shares, so the transaction is not necessarily a signal of deteriorating fundamentals, but insider selling can weigh on sentiment when the stock is near a yearly high. SEC insider transaction filing

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.