OvintivOVV
Market Cap: $10.6B
About: Ovintiv is a North American oil and natural gas exploration and production company. It focuses on the exploration and development of oil, NGLs, and natural gas reserves. The company has three segments: USA Operations, Canadian Operations, and Market Optimization.
Employees: 1,743
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
34% more call options, than puts
Call options by funds: $119M | Put options by funds: $89.4M
32% more repeat investments, than reductions
Existing positions increased: 221 | Existing positions reduced: 168
22% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 54
2% more funds holding
Funds holding: 524 [Q1] → 536 (+12) [Q2]
1.16% less ownership
Funds ownership: 80.42% [Q1] → 79.26% (-1.16%) [Q2]
12% less capital invested
Capital invested by funds: $11.2B [Q1] → $9.92B (-$1.3B) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 5 (-5) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
UBS Josh Silverstein 22% 1-year accuracy 8 / 37 met price target | 51%upside $61 | Buy Maintained | 9 Aug 2024 |
RBC Capital Greg Pardy 100% 1-year accuracy 1 / 1 met price target | 51%upside $61 | Sector Perform Maintained | 1 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 54%upside $62 | Buy Maintained | 1 Aug 2024 |
Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target | 27%upside $51 | Equal-Weight Maintained | 1 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 49%upside $60 | Buy Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 3 articles about OVV published over the past 30 days