Ovintiv Inc. (NYSE:OVV - Get Free Report) EVP Meghan Nicole Eilers sold 11,582 shares of the firm's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $54.78, for a total transaction of $634,461.96. Following the transaction, the executive vice president directly owned 54,092 shares in the company, valued at $2,963,159.76. This trade represents a 17.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Ovintiv Trading Up 1.0%
NYSE:OVV opened at $55.41 on Wednesday. The firm has a 50-day simple moving average of $46.46 and a 200-day simple moving average of $41.97. Ovintiv Inc. has a one year low of $29.80 and a one year high of $56.18. The firm has a market cap of $15.70 billion, a P/E ratio of 11.45, a P/E/G ratio of 3.02 and a beta of 0.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54.
Ovintiv (NYSE:OVV - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.41. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.89 billion. Ovintiv had a net margin of 13.94% and a return on equity of 12.00%. During the same period last year, the firm earned ($0.23) earnings per share. Equities analysts anticipate that Ovintiv Inc. will post 5.59 EPS for the current fiscal year.
Ovintiv Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. Ovintiv's dividend payout ratio (DPR) is 24.79%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. McIlrath & Eck LLC purchased a new position in shares of Ovintiv in the third quarter worth about $31,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Ovintiv in the third quarter valued at approximately $36,000. HM Payson & Co. acquired a new position in Ovintiv in the 3rd quarter worth approximately $36,000. Quent Capital LLC acquired a new position in Ovintiv in the 3rd quarter worth approximately $37,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Ovintiv during the 4th quarter worth approximately $38,000. 83.81% of the stock is owned by institutional investors and hedge funds.
More Ovintiv News
Here are the key news stories impacting Ovintiv this week:
- Positive Sentiment: Several brokerages raised guidance/ratings this week, signaling bullish institutional views and supporting upside momentum — Mizuho bumped its target to $68 and put an "Outperform" on OVV. Mizuho Price Target Raise
- Positive Sentiment: TD Cowen raised its target to $60 and kept a "Buy" rating, adding incremental analyst buying pressure. TD Cowen Note
- Positive Sentiment: Barclays lifted its target to $62 with an "Overweight" call — more institutional support that can prop up the rally. Barclays Upgrade
- Positive Sentiment: Macro/sector tailwinds: energy equities are benefitting from higher oil prices amid Middle East tensions, which helps OVV’s fundamentals and investor sentiment. Sector Lift Article
- Neutral Sentiment: Broader market and thematic pieces point to continued interest in energy names (Goldman Sachs top picks, valuation writeups), which can sustain flows but are not company‑specific catalysts. Goldman Sachs Energy Picks
- Neutral Sentiment: Analyst/market commentary assessing valuation and multi‑month momentum provides context for positioning but is not a direct catalyst. Valuation Article
- Negative Sentiment: Zacks Research cut multiple near‑term EPS forecasts (Q2–Q4 2026, Q1–Q4 2027) and trimmed FY2026, signaling lower short‑term earnings expectations; that creates downside risk if revisions continue. (Zacks report)
- Negative Sentiment: Insider selling: EVP Meghan Eilers sold 11,582 shares at ~$54.78 on March 13 (17.6% reduction of her holding). Insider sales can be perceived negatively by some investors even if for personal reasons. Insider Sale Filing
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on OVV shares. Scotiabank upgraded Ovintiv from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. initiated coverage on Ovintiv in a research note on Wednesday, February 25th. They issued an "overweight" rating and a $58.00 target price on the stock. TD Cowen boosted their target price on shares of Ovintiv from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday. Royal Bank Of Canada reissued an "outperform" rating and set a $55.00 price target on shares of Ovintiv in a research report on Thursday, February 19th. Finally, Zacks Research upgraded shares of Ovintiv from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.11.
Read Our Latest Analysis on Ovintiv
Ovintiv Company Profile
(
Get Free Report)
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.
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