Aventail Capital Group LP Has $15.19 Million Stake in Ovintiv Inc. $OVV

Aventail Capital Group LP boosted its stake in Ovintiv Inc. (NYSE:OVV) by 175.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 387,616 shares of the company’s stock after buying an additional 247,127 shares during the quarter. Aventail Capital Group LP’s holdings in Ovintiv were worth $15,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its position in Ovintiv by 42.1% in the 3rd quarter. Citigroup Inc. now owns 174,090 shares of the company’s stock worth $7,030,000 after buying an additional 51,562 shares in the last quarter. BCS Private Wealth Management Inc. purchased a new stake in Ovintiv in the 4th quarter worth approximately $976,000. Hillsdale Investment Management Inc. purchased a new stake in Ovintiv in the 3rd quarter worth approximately $1,816,000. UBS Group AG lifted its position in Ovintiv by 8.3% in the 4th quarter. UBS Group AG now owns 997,177 shares of the company’s stock worth $39,079,000 after buying an additional 76,846 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in Ovintiv by 670.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,972 shares of the company’s stock worth $1,816,000 after buying an additional 39,133 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on OVV. Weiss Ratings downgraded shares of Ovintiv from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. National Bank Financial lifted their price objective on shares of Ovintiv from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Barclays lifted their price objective 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. Truist Financial reduced their price objective on shares of Ovintiv from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Ovintiv from a “buy” rating to a “hold” rating in a research note on Sunday. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Ovintiv Stock Up 0.2%

OVV stock opened at $53.60 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. Ovintiv Inc. has a 1 year low of $35.47 and a 1 year high of $63.46. The company has a fifty day simple moving average of $57.44 and a 200 day simple moving average of $50.20. The firm has a market cap of $15.06 billion, a PE ratio of 17.29 and a beta of 0.53.

Ovintiv (NYSE:OVV) last released its quarterly earnings data on Monday, May 11th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.15. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.38 billion. Ovintiv had a net margin of 8.51% and a return on equity of 13.14%. Sell-side analysts anticipate that Ovintiv Inc. will post 8.17 EPS for the current fiscal year.

Ovintiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, June 15th. Ovintiv’s dividend payout ratio (DPR) is 38.71%.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research lifted earnings forecasts for Ovintiv in several periods, including FY2026, FY2027, FY2028 and multiple quarterly estimates, which supports the view that the company’s operating performance remains solid.
• Positive Sentiment: The latest analyst note said Ovintiv’s stronger execution, cleaner balance sheet and Permian-Montney focus continue to support its stock performance. Ovintiv Up 38% in 6 Months: Should Investors Chase or Wait?
• Neutral Sentiment: Despite the higher earnings estimates, Zacks Research cut its recommendation to Hold, signaling that expectations may be stretched after the stock’s strong run.
• Neutral Sentiment: Ovintiv recently reported earnings above Wall Street estimates, with revenue also slightly ahead of forecasts, reinforcing confidence in its current fundamentals.

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.