Ovintiv (OVV)

Ovintiv, Inc. produces and develops multi-basin portfolio of oil, natural gas liquids and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. The Market Optimization segment’s activities are managed by the Midstream, Marketing & Fundamentals team, which is primarily responsible for the sale of the Company’s proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.

Company profile

Ticker

OVV

Exchange

NYSE

Website

www.ovintiv.com/

CEO

Douglas Suttles

Incorporated

Delaware

Location

Colorado

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Occidental Petroleum • Anadarko Petroleum • Apache • Chesapeake Energy • Devon Energy • Marathon Oil • EOG Resources • Pressburg • Murphy Oil ...

Former names

1847432 Alberta ULC

SEC CIK

0001792580

Corporate docs

Articles of Incorporation & Bylaws

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

11786865 Canada Ltd. • Ovintiv Canada ULC • Cutbank Ridge Partnership • Alenco Inc. • Ovintiv USA Inc. ...

OVV stock data

1M 1Y 5Y

News

From Benzinga Pro

Earnings Scheduled For August 3, 2022

3 Aug 22

Companies Reporting Before The Bell • Fresh Del Monte Produce (NYSE:FDP) is likely to report quarterly earnings at $0.79 per share on revenue of $1.15 billion.

Earnings Outlook For Ovintiv

2 Aug 22

Ovintiv (NYSE:OVV) is set to give its latest quarterly earnings report on Wednesday, 2022-08-03. Here's what investors need to know before the announcement. Analysts estimate that Ovintiv will report an earnings per share (EPS) of $2.81.

Morgan Stanley Maintains Overweight on Ovintiv, Lowers Price Target to $64

19 Jul 22

Morgan Stanley analyst Devin McDermott maintains Ovintiv (NYSE:OVV) with a Overweight and lowers the price target from $65 to $64.

Benzinga's Top Ratings Upgrades, Downgrades For July 19, 2022

19 Jul 22

Truist Securities Maintains Buy on Ovintiv, Raises Price Target to $77

19 Jul 22

Press releases

From Benzinga Pro

Ovintiv Reports Second Quarter 2022 Financial and Operating Results

3 Aug 22

Shareholder Returns Doubled, Highest Quarterly Cash Flow in Over a Decade Highlights: Generated second quarter net earnings of $1.36 billion, Non-GAAP Cash Flow of $1.22 billion and Non-GAAP Free Cash Flow of $713

Ovintiv to Host its Second Quarter 2022 Results Conference Call and Webcast on August 4, 2022

13 Jul 22

DENVER, July 13, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced plans to hold its 2022 second quarter results conference call at 8:00 a.m. MT, on Thursday August 4, 2022. The Company plans to

Ovintiv to Accelerate Doubling of Shareholder Returns; Announces Agreements to sell Portions of its Uinta and Bakken Assets for Approximately $250 Million

6 Jul 22

DENVER, July 6, 2022 /CNW/ - Ovintiv Inc. (NYSE:OVV) (TSX:OVV) today announced it has reached agreements with two counterparties to sell portions of its assets located in the Uinta and Bakken Basins for total proceeds of

Analyst ratings and price targets

Last 3 months

Average target

$68.00

Low target

$60.00

High target

$77.00

Calendar

4 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart OVV financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	8M	8M	8M	8M	8M	8M
Cash burn (monthly)	87.67M	9.5M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	137.56M	14.91M	n/a	n/a	n/a	n/a
Cash remaining	-129.56M	-6.91M	n/a	n/a	n/a	n/a
Runway (months of cash)	-1.5	-0.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Ovintiv earnings reports.

Recent insider trades

OVV insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
5 Aug 22	Brendan Michael McCracken	Common Stock	Sale back to company	Dispose D	No	No	47.81	21,645	1.03M	55,867
5 Aug 22	Brendan Michael McCracken	Common Stock	Option exercise	Acquire M	No	No	0	21,645	0	77,512
5 Aug 22	Brendan Michael McCracken	Restricted Share Unit Common Stock	Option exercise	Dispose M	No	No	0	21,645	0	185,222
30 Jun 22	Renee Ellen Zemljak	Restricted Share Unit Common Stock	Grant	Acquire A	No	No	0	331	0	60,771
30 Jun 22	Renee Ellen Zemljak	Deferred Share Unit Common Stock	Grant	Acquire A	No	No	0	39	0	7,084
30 Jun 22	Gregory Dean Givens	Restricted Share Unit Common Stock	Grant	Acquire A	No	No	0	387	0	71,033
30 Jun 22	Peter A Dea	Restricted Share Unit Common Stock	Grant	Acquire A	No	No	0	220	0	40,363
30 Jun 22	Peter A Dea	Deferred Share Unit Common Stock	Grant	Acquire A	No	No	0	240	0	44,654
30 Jun 22	Peter A Dea	Deferred Share Unit Common Stock	Grant	Acquire A	No	No	0	732	0	44,414
30 Jun 22	Meghan Nicole Eilers	Restricted Share Unit Common Stock	Grant	Acquire A	No	No	0	114	0	20,913

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

OVV institutional ownership history Ownership history

80.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	401	365	+9.9%
Opened positions	80	64	+25.0%
Closed positions	44	56	-21.4%
Increased positions	129	117	+10.3%
Reduced positions	145	135	+7.4%

13F shares	Current	Prev Q	Change
Total value	11.15B	6.53B	+70.7%
Total shares	206.41M	193.55M	+6.6%
Total puts	1.29M	2.14M	-40.1%
Total calls	4.94M	5.68M	-13.1%
Total put/call ratio	0.3	0.4	-31.1%

Largest owners	Shares	Value	Change
Vanguard	26.28M	$1.42B	-4.1%
BLK Blackrock	23.23M	$1.26B	+6.7%
Dodge & Cox	20.62M	$1.12B	-5.5%
FMR	8.19M	$442.73M	+14.6%
STT State Street	7.79M	$421.25M	+5.4%
Marshall Wace	4.87M	$263.33M	+23.6%
Geode Capital Management	4.69M	$253.44M	-0.7%
GS Goldman Sachs	4.48M	$242.38M	-5.5%
Assenagon Asset Management	4.28M	$231.67M	+436.0%
Arrowstreet Capital, Limited Partnership	3.95M	$213.6M	+63.2%

Largest transactions	Shares	Bought/sold	Change
JB Investments Management	2.28M	-5.18M	-69.5%
Assenagon Asset Management	4.28M	+3.49M	+436.0%
Third Point	2.25M	+2.25M	NEW
Scout Investments	2.04M	+2.04M	NEW
IVZ Invesco	2.4M	+1.83M	+321.3%
Artemis Investment Management	1.62M	+1.62M	NEW
Arrowstreet Capital, Limited Partnership	3.95M	+1.53M	+63.2%
BLK Blackrock	23.23M	+1.46M	+6.7%
Anomaly Capital Management	3.77M	+1.25M	+49.6%
Two Sigma Investments	2.41M	+1.22M	+102.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.