OVV - Insider Transaction: Ellen Renee Zemljak Sells $4.39M Worth Of Ovintiv Shares | Benzinga
It was reported on March 14, that Ellen Renee Zemljak, EVP at Ovintiv (NYSE:OVV) executed a significant insider sell, according to an SEC filing.
What Happened: Zemljak's decision to sell 86,303 shares of Ovintiv was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $4,394,587.
The latest update on Friday morning shows Ovintiv shares down by 0.65%, trading at $50.54.
Get to Know Ovintiv Better
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.
Ovintiv: Financial Performance Dissected
Decline in Revenue: Over the 3 months period, Ovintiv faced challenges, resulting in a decline of approximately -1.43% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Key Insights into Profitability Metrics:
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Gross Margin: ...