Illinois Municipal Retirement Fund Cuts Stock Position in Ovintiv Inc. $OVV

Illinois Municipal Retirement Fund cut its position in shares of Ovintiv Inc. (NYSE:OVV) by 12.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,011 shares of the company’s stock after selling 8,762 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Ovintiv were worth $3,622,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp lifted its position in Ovintiv by 1.4% in the 4th quarter. Stifel Financial Corp now owns 19,113 shares of the company’s stock worth $749,000 after buying an additional 269 shares during the last quarter. Root Financial Partners LLC grew its position in Ovintiv by 43.2% during the first quarter. Root Financial Partners LLC now owns 918 shares of the company’s stock valued at $54,000 after acquiring an additional 277 shares during the last quarter. Deseret Mutual Benefit Administrators grew its position in Ovintiv by 27.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company’s stock valued at $52,000 after acquiring an additional 287 shares during the last quarter. Fiduciary Financial Group LLC raised its stake in shares of Ovintiv by 3.2% during the fourth quarter. Fiduciary Financial Group LLC now owns 9,460 shares of the company’s stock worth $371,000 after acquiring an additional 297 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Ovintiv by 2.6% during the first quarter. Sanctuary Advisors LLC now owns 13,020 shares of the company’s stock worth $773,000 after acquiring an additional 324 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OVV has been the subject of a number of research reports. Wells Fargo & Company raised shares of Ovintiv from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $57.00 to $80.00 in a research note on Monday, June 22nd. Morgan Stanley decreased their target price on shares of Ovintiv from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. Texas Capital raised shares of Ovintiv to a “strong-buy” rating in a research note on Thursday, June 25th. Weiss Ratings lowered shares of Ovintiv from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut Ovintiv from a “buy” rating to a “hold” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Ovintiv currently has a consensus rating of “Moderate Buy” and an average price target of $65.63.

Key Headlines Impacting Ovintiv

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

Ovintiv Stock Up 2.4%

Shares of Ovintiv stock opened at $57.82 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 0.56. Ovintiv Inc. has a 52-week low of $35.47 and a 52-week high of $63.46. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 18.65 and a beta of 0.53. The company’s 50 day moving average price is $56.19 and its 200-day moving average price is $52.37.

Ovintiv Announces Dividend

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

Ovintiv Company 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.