Ovintiv Inc. $OVV Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its holdings in shares of Ovintiv Inc. (NYSE:OVV) by 15.7% in the third quarter, Holdings Channel reports. The firm owned 1,733,549 shares of the company’s stock after acquiring an additional 235,633 shares during the period. Allianz Asset Management GmbH’s holdings in Ovintiv were worth $70,001,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State of Wyoming grew its stake in Ovintiv by 253.3% during the third quarter. State of Wyoming now owns 10,952 shares of the company’s stock worth $442,000 after buying an additional 7,852 shares during the period. Convergence Investment Partners LLC acquired a new position in shares of Ovintiv during the 3rd quarter valued at $853,000. Carrera Capital Advisors purchased a new stake in Ovintiv during the 3rd quarter worth $1,819,000. Transcend Capital Advisors LLC purchased a new stake in Ovintiv during the 3rd quarter worth $244,000. Finally, Arizona State Retirement System increased its holdings in Ovintiv by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 76,882 shares of the company’s stock valued at $3,104,000 after purchasing an additional 930 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. William Blair assumed coverage on Ovintiv in a research note on Wednesday, November 26th. They set an “outperform” rating and a $50.00 price objective on the stock. National Bankshares raised their target price on Ovintiv from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday. Zacks Research lowered Ovintiv from a “hold” rating to a “strong sell” rating in a research report on Monday. Evercore ISI restated an “outperform” rating and issued a $47.00 price target on shares of Ovintiv in a report on Thursday, November 6th. Finally, Citigroup dropped their price objective on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.06.

Ovintiv Trading Up 4.3%

NYSE:OVV opened at $46.00 on Thursday. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 50.55, a price-to-earnings-growth ratio of 2.47 and a beta of 0.78. Ovintiv Inc. has a one year low of $29.80 and a one year high of $46.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 0.45. The business’s 50-day simple moving average is $40.22 and its 200 day simple moving average is $39.89.

Ovintiv (NYSE:OVV) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. Ovintiv had a return on equity of 12.22% and a net margin of 2.64%.The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.86 billion. As a group, sell-side analysts predict that Ovintiv Inc. will post 5.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Ovintiv

In related news, COO Gregory Dean Givens sold 50,000 shares of Ovintiv stock in a transaction on Friday, December 12th. The shares were sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the sale, the chief operating officer owned 105,867 shares in the company, valued at approximately $4,269,616.11. The trade was a 32.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company’s stock.

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

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.