OVV stock icon

Ovintiv
OVV

$46.29
1.05%

Market Cap: 12.4B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 20 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

60% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 55

47% more repeat investments, than reductions

Existing positions increased: 206 | Existing positions reduced: 140

24% more call options, than puts

Call options by funds: $162M | Put options by funds: $131M

16% more capital invested

Capital invested by funds: $9.59B [Q4 2023] → $11.1B (+$1.5B) [Q1 2024]

7% more funds holding

Funds holding: 485 [Q4 2023] → 518 (+33) [Q1 2024]

0.44% less ownership

Funds ownership: 79.98% [Q4 2023] → 79.54% (-0.44%) [Q1 2024]

9% less funds holding in top 10

Funds holding in top 10: 11 [Q4 2023] → 10 (-1) [Q1 2024]

Research analyst outlook

20 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$49
6%
upside
Avg. target
$59
28%
upside
High target
$70
51%
upside

20 analyst ratings

13 positive
65%
neutral
35%
negative
0%
Truist Securities
Neal Dingmann
30%upside
$60
Buy
Maintained
22 Jul 2024
Wells Fargo
Roger Read
12%upside
$52
Equal-Weight
Maintained
22 Jul 2024
Scotiabank
Jason Bouvier
30%upside
$60
Sector Outperform
Maintained
12 Jul 2024
Evercore ISI Group
Stephen Richardson
30%upside
$60
Outperform
Reiterated
10 Jul 2024
B of A Securities
Noah Hungness
19%upside
$55
Neutral
Reinstated
14 Jun 2024

Financial journalist opinion

Based on 3 articles about OVV published over the past 30 days