Rep. Lisa C. McClain Buys Ovintiv Inc. (NYSE:OVV) Stock

Key Points

• Representative Lisa C. McClain purchased shares of Ovintiv Inc. (NYSE:OVV) worth between $1,001 and $15,000 on June 24th, according to a filing disclosed on August 13th.
• Ovintiv recently announced a quarterly dividend of $0.30 per share, with a dividend yield of 3.0%, to be paid on September 29th.
• Analysts give Ovintiv a consensus rating of "Buy" with a target price of $53.47, indicating positive sentiment in the market despite recent earnings misses.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Ovintiv Inc. NYSE: OVV. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Ovintiv stock on June 24th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Ovintiv Stock Down 1.0%

Shares of NYSE:OVV traded down $0.41 during trading on Friday, hitting $39.43. The stock had a trading volume of 4,341,336 shares, compared to its average volume of 3,445,697. Ovintiv Inc. has a 12 month low of $29.80 and a 12 month high of $47.18. The company has a market capitalization of $10.14 billion, a PE ratio of 17.45, a PEG ratio of 4.77 and a beta of 1.10. The firm's fifty day moving average is $40.14 and its 200 day moving average is $39.13. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.42.

Ovintiv (NYSE:OVV - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.02). The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.92 billion. Ovintiv had a return on equity of 14.24% and a net margin of 6.46%. Analysts anticipate that Ovintiv Inc. will post 5.59 EPS for the current fiscal year.

Ovintiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. Ovintiv's dividend payout ratio is currently 53.10%.

Hedge Funds Weigh In On Ovintiv

A number of institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC raised its holdings in Ovintiv by 740.0% in the 2nd quarter. Headlands Technologies LLC now owns 12,054 shares of the company's stock worth $459,000 after purchasing an additional 10,619 shares during the period. Vident Advisory LLC raised its holdings in Ovintiv by 14.2% in the 2nd quarter. Vident Advisory LLC now owns 25,930 shares of the company's stock worth $987,000 after purchasing an additional 3,231 shares during the period. Rafferty Asset Management LLC raised its holdings in Ovintiv by 1.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 139,360 shares of the company's stock worth $5,303,000 after purchasing an additional 2,252 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Ovintiv by 1,599.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 651,038 shares of the company's stock worth $24,772,000 after purchasing an additional 612,725 shares during the period. Finally, MML Investors Services LLC raised its holdings in Ovintiv by 3.1% in the 2nd quarter. MML Investors Services LLC now owns 71,996 shares of the company's stock worth $2,739,000 after purchasing an additional 2,158 shares during the period. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OVV has been the topic of several recent analyst reports. Scotiabank increased their target price on Ovintiv from $48.00 to $51.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Wells Fargo & Company cut their target price on Ovintiv from $46.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Monday, June 16th. Mizuho cut their target price on Ovintiv from $60.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Barclays increased their target price on Ovintiv from $55.00 to $57.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, TD Cowen upgraded Ovintiv to a "strong-buy" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Ovintiv currently has a consensus rating of "Buy" and a consensus price target of $53.47.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Ovintiv

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.

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