Ovintiv (OVV) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Ovintiv (NYSE: OVV):

• 3/26/2025 – Ovintiv had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $57.00 price target on the stock.
• 3/24/2025 – Ovintiv was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $57.00 price target on the stock, up previously from $55.00.
• 3/20/2025 – Ovintiv had its price target raised by analysts at Wells Fargo & Company from $44.00 to $45.00. They now have an “equal weight” rating on the stock.
• 3/19/2025 – Ovintiv was upgraded by analysts at Scotiabank to a “strong-buy” rating.
• 3/13/2025 – Ovintiv had its price target lowered by analysts at JPMorgan Chase & Co. from $56.00 to $45.00. They now have an “overweight” rating on the stock.
• 3/5/2025 – Ovintiv was given a new $58.00 price target on by analysts at Williams Trading.

Ovintiv Stock Down 0.7 %

Ovintiv stock opened at $32.71 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.52 and a quick ratio of 0.52. The business has a 50 day simple moving average of $41.89 and a 200-day simple moving average of $41.92. The stock has a market capitalization of $8.52 billion, a PE ratio of 4.34 and a beta of 2.04. Ovintiv Inc. has a 12 month low of $30.40 and a 12 month high of $55.95.

Ovintiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, March 14th. Ovintiv’s dividend payout ratio (DPR) is 28.57%.

Institutional Trading of Ovintiv

A number of hedge funds and other institutional investors have recently modified their holdings of OVV. Ninepoint Partners LP raised its position in shares of Ovintiv by 16.9% during the 4th quarter. Ninepoint Partners LP now owns 225,000 shares of the company’s stock valued at $9,112,000 after buying an additional 32,500 shares during the period. Franklin Resources Inc. raised its holdings in Ovintiv by 16.0% in the 3rd quarter. Franklin Resources Inc. now owns 270,968 shares of the company’s stock valued at $11,527,000 after buying an additional 37,341 shares during the period. Retirement Systems of Alabama lifted its position in Ovintiv by 4.4% in the third quarter. Retirement Systems of Alabama now owns 320,759 shares of the company’s stock valued at $12,288,000 after buying an additional 13,536 shares during the last quarter. Westpac Banking Corp lifted its position in Ovintiv by 64.8% in the fourth quarter. Westpac Banking Corp now owns 31,369 shares of the company’s stock valued at $1,270,000 after buying an additional 12,340 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ovintiv by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,913,774 shares of the company’s stock worth $77,508,000 after buying an additional 45,147 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.