Gallacher Capital Management LLC Makes New $808,000 Investment in Ovintiv Inc. $OVV

Gallacher Capital Management LLC acquired a new stake in Ovintiv Inc. (NYSE:OVV) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,003 shares of the company’s stock, valued at approximately $808,000.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS lifted its holdings in Ovintiv by 0.6% in the third quarter. KLP Kapitalforvaltning AS now owns 63,400 shares of the company’s stock valued at $2,560,000 after buying an additional 400 shares during the period. ProShare Advisors LLC raised its position in shares of Ovintiv by 3.8% in the 2nd quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock worth $438,000 after acquiring an additional 427 shares in the last quarter. Forum Financial Management LP lifted its stake in shares of Ovintiv by 5.2% in the 3rd quarter. Forum Financial Management LP now owns 9,402 shares of the company’s stock valued at $380,000 after purchasing an additional 464 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Ovintiv by 2.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,141 shares of the company’s stock valued at $804,000 after purchasing an additional 468 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Ovintiv by 12.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,600 shares of the company’s stock valued at $186,000 after purchasing an additional 515 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Roth Mkm began coverage on Ovintiv in a report on Monday, October 13th. They issued a “neutral” rating and a $42.00 target price for the company. Zacks Research downgraded shares of Ovintiv from a “hold” rating to a “strong sell” rating in a research report on Monday. Citigroup dropped their target price on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. National Bankshares increased their target price on shares of Ovintiv from $54.00 to $56.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Ovintiv in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.06.

Key Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Ovintiv closed its acquisition of NuVista Energy, expanding its Alberta Montney position and adding production and cash flow that could be accretive to free cash flow and reserves. This strategic deal is the most direct fundamental driver supporting the stock’s gain today. Ovintiv Announces Closing of NuVista Energy Acquisition
• Positive Sentiment: National Bankshares raised its price target from $54 to $56 and keeps an “outperform” rating — a bullish signal that implies ~25–30% upside from current levels and may attract buyers. Analyst Note: National Bankshares Raises PT
• Neutral Sentiment: Stephens initiated/started coverage at Equal Weight (Hold), citing operational strength and attractive valuation — a neutral-to-modestly supportive view that balances the negative Zacks call and helps validate the deal rationale. Ovintiv started Equal Weight at Stephens
• Negative Sentiment: Zacks Research downgraded Ovintiv to “Strong Sell” and issued a series of small downward tweaks to FY2026/Q‑tranche EPS estimates (and mixed tweaks to FY2027), signaling concern about near‑term earnings. A high‑profile “Strong Sell” headline can pressure the stock, especially among quant/overlay strategies that react to ratings changes. Zacks Research Coverage

Insider Transactions at Ovintiv

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $40.33, for a total transaction of $2,016,500.00. Following the completion of the sale, the chief operating officer directly owned 105,867 shares of the company’s stock, valued at approximately $4,269,616.11. The trade was a 32.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Ovintiv Stock Performance

Shares of OVV stock opened at $46.00 on Thursday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $40.22 and a two-hundred day simple moving average of $39.89. Ovintiv Inc. has a 12 month low of $29.80 and a 12 month high of $46.24. The firm has a market capitalization of $11.65 billion, a PE ratio of 50.55, a price-to-earnings-growth ratio of 2.47 and a beta of 0.78.

Ovintiv (NYSE:OVV) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Ovintiv had a net margin of 2.64% and a return on equity of 12.22%. Analysts forecast that Ovintiv Inc. will post 5.59 EPS for the current fiscal year.

Ovintiv Profile

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.