Caerus Investment Advisors LLC bought a new stake in Ovintiv Inc. (NYSE:OVV – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,581 shares of the company’s stock, valued at approximately $629,000.
Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Ovintiv by 296.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 79,012 shares of the company’s stock worth $3,134,000 after buying an additional 59,069 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Ovintiv in the 3rd quarter valued at approximately $1,816,000. Citigroup Inc. increased its holdings in shares of Ovintiv by 42.1% in the 3rd quarter. Citigroup Inc. now owns 174,090 shares of the company’s stock valued at $7,030,000 after acquiring an additional 51,562 shares during the last quarter. Savant Capital LLC raised its position in shares of Ovintiv by 412.9% during the 3rd quarter. Savant Capital LLC now owns 36,771 shares of the company’s stock valued at $1,485,000 after acquiring an additional 29,602 shares in the last quarter. Finally, Moody Aldrich Partners LLC lifted its stake in Ovintiv by 152.1% during the third quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock worth $5,670,000 after purchasing an additional 84,730 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.
Ovintiv Stock Up 1.0%
Shares of Ovintiv stock opened at $55.41 on Wednesday. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 3.02 and a beta of 0.69. Ovintiv Inc. has a twelve month low of $29.80 and a twelve month high of $56.18. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $46.46 and its 200-day simple moving average is $41.97.
Ovintiv Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Ovintiv’s payout ratio is 24.79%.
Key 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
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Ovintiv in a report on Wednesday, February 25th. They issued an “overweight” rating and a $58.00 price objective for the company. Barclays boosted their target price on shares of Ovintiv from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday. Jefferies Financial Group restated a “buy” rating and issued a $54.00 price target on shares of Ovintiv in a research report on Saturday, January 17th. Citigroup decreased their price target on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Ovintiv from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.11.
Insider Activity
In other news, Director Howard John Mayson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $52.39, for a total transaction of $261,950.00. Following the completion of the transaction, the director owned 45,780 shares in the company, valued at approximately $2,398,414.20. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Meghan Nicole Eilers sold 11,582 shares of Ovintiv 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 completion of the sale, the executive vice president owned 54,092 shares in the company, valued at approximately $2,963,159.76. This represents a 17.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.89% of the stock is currently owned by corporate insiders.
About Ovintiv
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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