Bank of New York Mellon Corp Raises Holdings in Ovintiv Inc. $OVV

Bank of New York Mellon Corp lifted its position in Ovintiv Inc. (NYSE:OVV) by 8.8% during the 1st quarter, HoldingsChannel reports. The firm owned 2,945,692 shares of the company’s stock after acquiring an additional 239,054 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ovintiv were worth $174,856,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its stake in Ovintiv by 70.9% during the first quarter. Integrated Wealth Concepts LLC now owns 9,127 shares of the company’s stock valued at $391,000 after buying an additional 3,788 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Ovintiv in the 1st quarter worth approximately $202,000. Focus Partners Wealth increased its stake in Ovintiv by 49.3% in the 1st quarter. Focus Partners Wealth now owns 19,282 shares of the company’s stock worth $825,000 after acquiring an additional 6,364 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Ovintiv by 47.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,830 shares of the company’s stock worth $78,000 after acquiring an additional 589 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Ovintiv by 103.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,298 shares of the company’s stock worth $126,000 after acquiring an additional 1,675 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Ovintiv Price Performance

NYSE:OVV opened at $57.82 on Friday. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 18.65 and a beta of 0.53. Ovintiv Inc. has a 1 year low of $35.47 and a 1 year high of $63.46. The business has a 50 day simple moving average of $56.19 and a 200-day simple moving average of $52.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.56 and a quick ratio of 0.56.

Ovintiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, June 15th. Ovintiv’s dividend payout ratio is presently 38.71%.

Ovintiv News Roundup

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Citigroup lowered its price target on Ovintiv to $66 from $70, but kept a Buy rating, implying additional upside from current levels. Benzinga
• Positive Sentiment: Zacks Research raised several forward earnings estimates for Ovintiv, including Q3 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027, Q1 2028, Q2 2028 and FY2028, signaling expectations for continued earnings strength. MarketBeat
• Neutral Sentiment: Separately, Zacks Research trimmed its Q4 2026 EPS estimate slightly to $1.57 from $1.59 and maintained a Hold rating, which suggests some near-term caution ahead of earnings. MarketBeat
• Neutral Sentiment: Investors are also looking ahead to Ovintiv’s upcoming earnings report, with some market coverage noting the company still needs to prove it can deliver a beat. Zacks

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OVV. Stephens cut their target price on shares of Ovintiv from $71.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday. Royal Bank Of Canada set a $70.00 price target on shares of Ovintiv and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Roth Capital upped their price target on shares of Ovintiv from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Scotiabank upgraded shares of Ovintiv from an “outperform” rating to a “buy” rating in a research report on Wednesday, May 20th. Finally, Citigroup dropped their price objective on shares of Ovintiv from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Ovintiv has a consensus rating of “Moderate Buy” and an average price target of $65.63.

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.