Ovintiv
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)
32% more repeat investments, than reductions
Existing positions increased: 221 | Existing positions reduced: 168
24% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 54
24% more call options, than puts
Call options by funds: $121M | Put options by funds: $97.8M
2% more funds holding
Funds holding: 524 [Q1] → 537 (+13) [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
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Mizuho Nitin Kumar 21% 1-year accuracy 13 / 61 met price target | 44%upside $58 | Outperform Maintained | 9 Oct 2024 |
Citigroup Brian Downey 0% 1-year accuracy 0 / 3 met price target | 37%upside $55 | Buy Maintained | 7 Oct 2024 |
Wells Fargo Roger Read 40% 1-year accuracy 36 / 89 met price target | 4%upside $42 | Equal-Weight Maintained | 1 Oct 2024 |
Evercore ISI Group Stephen Richardson 58% 1-year accuracy 7 / 12 met price target | 34%upside $54 | Outperform Maintained | 30 Sept 2024 |
Truist Securities Neal Dingmann 52% 1-year accuracy 57 / 110 met price target | 17%upside $47 | Buy Maintained | 30 Sept 2024 |
Financial journalist opinion
Based on 6 articles about OVV published over the past 30 days
