Ovintiv Inc. ($OVV) delivered a strong second quarter in 2026, with revenue rising to $3.1 billion and gross profit climbing to $1.6 billion. Operating profit nearly doubled from a year earlier, reaching $994 million, while net income attributable to common shareholders increased to $456 million.
Profitability also improved on a per-share basis, with diluted earnings per share of $1.62, up 37.29% from the prior year. Cash flow from operating activities surged to $1.6 billion, supporting continued investment in the business, including $574 million in property, plant and equipment purchases.
The company ended the quarter with $700 million in cash and cash equivalents, while total liabilities declined to $7.8 billion. Revenue and earnings both came in above the prior year, highlighting broad-based improvement across Ovintiv’s financial results.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Ovintiv Inc. Insider Trading Activity
Ovintiv Inc. insiders have traded $OVV stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $OVV stock by insiders over the last 6 months:
- MEGHAN NICOLE EILERS (EVP, M&M & GC) sold 11,582 shares for an estimated $634,461
- HOWARD JOHN MAYSON sold 5,000 shares for an estimated $261,950
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Ovintiv Inc. Hedge Fund Activity
We have seen 306 institutional investors add shares of Ovintiv Inc. stock to their portfolio, and 228 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 7,233,228 shares (-73.1%) from their portfolio in Q1 2026, for an estimated $429,364,414
- CAPITAL RESEARCH GLOBAL INVESTORS added 5,361,215 shares (+inf%) to their portfolio in Q1 2026, for an estimated $318,241,722
- HOLOCENE ADVISORS, LP removed 3,204,124 shares (-98.4%) from their portfolio in Q1 2026, for an estimated $190,196,800
- FMR LLC added 2,914,650 shares (+14.0%) to their portfolio in Q1 2026, for an estimated $173,013,624
- POINT72 ASSET MANAGEMENT, L.P. removed 2,533,251 shares (-56.5%) from their portfolio in Q1 2026, for an estimated $150,373,779
- FREESTONE GROVE PARTNERS LP removed 1,761,916 shares (-57.3%) from their portfolio in Q1 2026, for an estimated $104,587,333
- MACKENZIE FINANCIAL CORP added 1,496,985 shares (+79.7%) to their portfolio in Q1 2026, for an estimated $88,861,029
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Ovintiv Inc. Price Targets
Multiple analysts have issued price targets for $OVV recently. We have seen 15 analysts offer price targets for $OVV in the last 6 months, with a median target of $68.0.
Here are some recent targets:
- Devin McDermott from Morgan Stanley set a target price of $65.0 on 06/29/2026
- Nick Pope from Roth Capital set a target price of $55.0 on 06/24/2026
- Hanwen Chang from Wells Fargo set a target price of $80.0 on 06/22/2026
- Nitin Kumar from Mizuho set a target price of $75.0 on 05/27/2026
- Betty Jiang from Barclays set a target price of $75.0 on 05/26/2026
- Scott Gruber from Citigroup set a target price of $70.0 on 05/20/2026
- Kevin Fisk from Scotiabank set a target price of $70.0 on 05/20/2026
