16,079 Shares of Ovintiv Inc. $OVV Acquired by Sigma Planning Corp

Key Points

• Sigma Planning Corp. acquired 16,079 Ovintiv shares during the third quarter, worth approximately $930,000. Institutional investors collectively own 83.81% of the company.
• Ovintiv shares opened at $71.52, near their 52-week high of $73.61, while the stock’s average analyst rating was “Moderate Buy” with an average price target of $72.32.
• Analyst sentiment remained positive, with Scotiabank raising its target to $80, UBS maintaining a $85 target and other firms reiterating Buy or positive ratings.

Sigma Planning Corp purchased a new position in shares of Ovintiv Inc. (NYSE:OVV - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,079 shares of the company's stock, valued at approximately $930,000.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in Ovintiv during the 2nd quarter valued at $1,422,959,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Ovintiv by 16.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,880,705 shares of the company's stock worth $467,874,000 after purchasing an additional 1,137,162 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ovintiv by 8.8% in the first quarter. Bank of New York Mellon Corp now owns 2,945,692 shares of the company's stock worth $174,856,000 after purchasing an additional 239,054 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Ovintiv by 119.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,717,400 shares of the company's stock worth $90,421,000 after buying an additional 935,860 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Ovintiv by 74.2% in the 1st quarter. First Trust Advisors LP now owns 1,481,562 shares of the company's stock worth $87,946,000 after buying an additional 631,262 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Ovintiv Stock Up 0.3%

Shares of Ovintiv stock opened at $71.52 on Friday. The company has a 50-day simple moving average of $64.87 and a two-hundred day simple moving average of $57.25. The stock has a market capitalization of $19.70 billion, a PE ratio of 20.20 and a beta of 0.65. Ovintiv Inc. has a 52-week low of $35.47 and a 52-week high of $73.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.01.

Analysts Set New Price Targets

A number of research analysts have issued reports on OVV shares. Scotiabank boosted their price objective on shares of Ovintiv from $75.00 to $80.00 and gave the company a "sector outperform" rating in a research report on Monday, October 19th. Stephens reaffirmed a "positive" rating on shares of Ovintiv in a research report on Tuesday. Wall Street Zen raised Ovintiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 3rd. UBS Group reaffirmed a "buy" rating and issued a $85.00 target price on shares of Ovintiv in a research report on Monday, September 14th. Finally, Morgan Stanley lifted their price target on shares of Ovintiv from $67.00 to $71.00 and gave the company an "equal weight" rating in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned 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 target price of $72.32.

More Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks upgraded Ovintiv to Rank #1, “Strong Buy,” from “Hold,” citing improving earnings prospects. The upgrade could attract additional momentum-oriented buying. Ovintiv Upgraded to Strong Buy
• Positive Sentiment: National Bank Financial raised its price target to $95 from $94 and maintained an “outperform” rating. The revised target implied approximately 33% upside from the referenced share price, signaling continued analyst confidence. National Bank Financial Recommendations
• Positive Sentiment: Stifel Nicolaus reaffirmed its Buy rating, reinforcing the broader Wall Street consensus around Ovintiv’s outlook. Stifel Reaffirms Buy Rating
• Positive Sentiment: An analysis of Ovintiv’s Logan acquisition argued that the deal strengthens the company’s liquids-growth profile and supported a “Strong Buy” view. Successful integration and liquids expansion could improve future cash flow. Logan Acquisition Enhances Liquids Growth
• Neutral Sentiment: Ovintiv was also included in several Zacks “Strong Buy” lists focused on momentum, value and income stocks. These rankings improve visibility but largely repeat the broader Zacks upgrade rather than introduce new company-specific developments.

Insider Transactions at Ovintiv

In other Ovintiv news, EVP Rachel Moore sold 7,753 shares of Ovintiv stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $63.32, for a total value of $490,919.96. Following the completion of the sale, the executive vice president owned 72,530 shares of the company's stock, valued at approximately $4,592,599.60. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.85% of the company's stock.

Ovintiv Company Profile

Ovintiv Inc is an independent energy company engaged in the exploration, development, production and marketing of oil, condensate, natural gas liquids and natural gas. The company's operations are focused on North America, with production and resource development activities in the United States and Canada.

Ovintiv's U.S. operations include assets in the Permian Basin of Texas and New Mexico and the Uinta Basin of Utah. In Canada, the company's portfolio includes the Montney and Horn River natural gas and liquids-rich plays in British Columbia and Alberta.

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