Tidal Investments LLC Has $8.55 Million Position in Ovintiv Inc. $OVV

Key Points

• Tidal Investments increased its Ovintiv stake by 376.4% in the second quarter, purchasing 128,312 additional shares to own 162,405 shares worth approximately $8.55 million. Institutional investors and hedge funds collectively own 83.81% of the company.
• Ovintiv reported quarterly EPS of $1.74, below the $1.94 consensus estimate, despite revenue of $3.01 billion exceeding expectations. The company declared a quarterly dividend of $0.30 per share, representing a 1.9% annualized yield.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $68.20; several firms recently raised their targets. However, an executive sold 7,753 shares, and Zacks maintained a Hold rating despite increasing its earnings forecasts.

Tidal Investments LLC increased its position in shares of Ovintiv Inc. (NYSE:OVV - Free Report) by 376.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,405 shares of the company's stock after buying an additional 128,312 shares during the quarter. Tidal Investments LLC owned 0.06% of Ovintiv worth $8,550,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in OVV. Integrated Wealth Concepts LLC lifted its position in shares of Ovintiv by 70.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,127 shares of the company's stock worth $391,000 after acquiring an additional 3,788 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Ovintiv during the first quarter valued at approximately $202,000. Focus Partners Wealth increased its position in shares of Ovintiv by 49.3% during the first quarter. Focus Partners Wealth now owns 19,282 shares of the company's stock valued at $825,000 after purchasing an additional 6,364 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Ovintiv by 47.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,830 shares of the company's stock valued at $78,000 after purchasing an additional 589 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Ovintiv by 103.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,298 shares of the company's stock valued at $126,000 after purchasing an additional 1,675 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Rachel Moore sold 7,753 shares of Ovintiv stock in a transaction dated 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 directly 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 document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is owned by company insiders.

Ovintiv News Roundup

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $1.47 from $1.45 and its Q4 2026 forecast to $1.49 from $1.47. It also increased its FY2026 estimate to $6.70 from $6.66, suggesting somewhat stronger expected near-term operating performance.
• Positive Sentiment: Forecasts for 2027 were also lifted: Q1 EPS rose to $1.31 from $1.29, Q2 to $1.26 from $1.24, Q3 to $1.25 from $1.24, Q4 to $1.29 from $1.27, and full-year EPS to $5.11 from $5.03. These revisions indicate improved expectations across the year.
• Positive Sentiment: Zacks increased its Q1 2028 EPS estimate to $1.45 from $1.43 and FY2028 EPS to $6.57 from $6.51. The firm also raised its Q2 2028 estimate to $1.99 from $1.97 in an earlier note, extending the favorable revisions into the longer term.
• Neutral Sentiment: Despite the higher forecasts, Zacks retained its Hold rating. Its current full-year consensus estimate remains $7.30 per share, so the revisions represent incremental optimism rather than a major change in the investment view.
• Neutral Sentiment: Stifel Nicolaus issued a new rating on Ovintiv, but the supplied headline does not identify the rating or price target. Ovintiv Receives a New Rating from Stifel Nicolaus

Ovintiv Stock Performance

Shares of NYSE:OVV opened at $63.62 on Friday. The business's fifty day moving average price is $61.68 and its two-hundred day moving average price is $58.12. Ovintiv Inc. has a fifty-two week low of $35.47 and a fifty-two week high of $67.51. The stock has a market capitalization of $17.53 billion, a price-to-earnings ratio of 17.97 and a beta of 0.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 1.01.

Ovintiv (NYSE:OVV - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.74 earnings per share (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 company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.37 billion. As a group, analysts predict that Ovintiv Inc. will post 7.3 EPS for the current fiscal year.

Ovintiv Announces Dividend

The company 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. The ex-dividend date is Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. Ovintiv's dividend payout ratio (DPR) is 33.90%.

Wall Street Analyst Weigh In

OVV has been the topic of a number of recent research reports. National Bank Financial lifted their price target on shares of Ovintiv from $82.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. UBS Group increased their price objective on shares of Ovintiv from $71.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Wells Fargo & Company raised their price objective on shares of Ovintiv from $78.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, September 2nd. Stifel Nicolaus set a $92.00 target price on shares of Ovintiv and gave the company a "buy" rating in a research report on Wednesday. Finally, Barclays upped their target price on shares of Ovintiv from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.20.

About Ovintiv

Ovintiv Inc is an independent North American energy company engaged primarily in the exploration, development, production and acquisition of oil, condensate, natural gas liquids and natural gas. Its portfolio is focused on unconventional, or shale, resource plays, with operations designed to produce a mix of higher-value liquids and natural gas.

The company's principal assets are located in the United States and Canada. Its U.S. operations include positions in the Permian Basin of west Texas and New Mexico, the Uinta Basin of Utah and the Anadarko Basin of Oklahoma, while its Canadian operations include properties in Alberta's Montney and Duvernay formations.

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