An oval shape has been added to an image in Preview.app by using Mebu bar command Tools → Annotate → Oval:
I have no means to move this oval: trying to do so only results in getting handles to resize or re-proportion it:
What is the way to select the shape so to move it? I also did not find any obvious select tool on the toolbar.
Best Answer
Here is what I do with shapes in Preview.
I recommend not to select the shape it self.
Click anywhere next to it to deselect (not required but safer), that way you will not accidentally reshape it.
Like in your case the shape is small and the reshaping dots are large, so it becomes tricky to select the shape for moving.
Now go back and "hover" over the shape till a hand shows instead arrow cursor.
Click and HOLD (hand animates that) and move it while holding.