Thomas Pieters shot a 3-under 68 in the final round to win the Portugal Masters.
Tim Petrovic birdied the final two holes for an 11-under 61 and a share of the lead with Jim Furyk.
Hovland, the defending champion at this Mexican resort, hit a dart into the closing hole for the lowest score of his Tour career.
Thomas Pieters and Matthieu Pavon are tied at the top of the leaderboard, four strokes clear of the pack heading into Day 4.
Matthew Wolff was on the verge of building a big lead Friday until a pair of late bogeys forced him to settle for a 3-under 68.
Nino Bertasio carded a 2-under 69 Friday to hold a two-shot lead after the second round of the Portugal Masters.
Taylor Pendrith’s big game is working just fine on the PGA Tour’s shortest course as he leads by three shots through three rounds.
Taylor Pendrith ran off five straight birdies at the turn and flirted with a sub-60 round until settling for two closing pars and a 10-under 61.
Brandon Hagy and Chad Ramey avoided the worst of the wind Thursday afternoon, each with a 6-under 65 to share the lead.
Bernhard Langer became the oldest winner in PGA Tour Champions history Sunday at 64, beating Doug Barron in a playoff in the Dominion Energy Charity Classic.