Key Points
- Ovintiv EVP Rachel Maureen Moore sold 7,753 shares at an average price of $63.32, worth approximately $490,920. Her remaining stake is 72,530 shares, representing a 9.66% reduction in ownership.
- Ovintiv reported quarterly EPS of $1.74, below the $1.94 consensus estimate, although revenue of $3.01 billion exceeded expectations. The company declared a quarterly dividend of $0.30 per share, or $1.20 annually, yielding about 1.9%.
- Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $66.79, but several earnings estimates were lowered for 2027 and 2028. The stock opened at $62.99, near its 52-week high of $64.61.
Ovintiv Inc. (NYSE:OVV - Get Free Report) 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 value of $490,919.96. Following the completion of the transaction, the executive vice president owned 72,530 shares in the company, valued at $4,592,599.60. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Ovintiv Price Performance
Ovintiv stock opened at $62.99 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day simple moving average of $57.31 and a 200-day simple moving average of $55.40. Ovintiv Inc. has a 12 month low of $35.47 and a 12 month high of $64.61. The stock has a market capitalization of $17.35 billion, a PE ratio of 17.79 and a beta of 0.53.
Ovintiv (NYSE:OVV - Get Free Report) 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). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.37 billion. Ovintiv had a net margin of 9.43% and a return on equity of 14.84%. Equities analysts predict that Ovintiv Inc. will post 6.87 earnings per share for the current year.
Ovintiv Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Ovintiv's dividend payout ratio is 33.90%.
Key Stories Impacting Ovintiv
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
Wall Street Analysts Forecast Growth
OVV has been the topic of a number of recent research reports. Zacks Research cut shares of Ovintiv from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 15th. Mizuho boosted their price objective on shares of Ovintiv from $69.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, May 27th. Citigroup raised their target price on Ovintiv from $66.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Ovintiv from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Finally, Stephens restated a "positive" rating and set a $69.00 price objective on shares of Ovintiv in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Ovintiv currently has an average rating of "Moderate Buy" and an average price target of $66.79.
Check Out Our Latest Stock Report on OVV
Institutional Trading of Ovintiv
A number of large investors have recently modified their holdings of OVV. BlackRock Inc. bought a new stake in Ovintiv in the 2nd quarter valued at about $1,422,959,000. AQR Capital Management LLC grew its position in Ovintiv by 263.8% in the 3rd quarter. AQR Capital Management LLC now owns 4,949,637 shares of the company's stock worth $199,866,000 after purchasing an additional 3,589,030 shares during the last quarter. Millennium Management LLC increased its stake in shares of Ovintiv by 116.3% in the fourth quarter. Millennium Management LLC now owns 5,692,806 shares of the company's stock valued at $223,101,000 after purchasing an additional 3,060,691 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Ovintiv during the second quarter valued at approximately $124,308,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ovintiv by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,059,334 shares of the company's stock worth $433,418,000 after buying an additional 1,669,469 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.
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.
Further Reading
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