OVV - Ovintiv Recent Insider Activity | Benzinga
Revealing a significant insider sell on March 4, Maureen Rachel Moore, EVP at Ovintiv (NYSE:OVV), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Monday, Moore sold 9,300 shares of Ovintiv. The total transaction value is $471,045.
In the Tuesday's morning session, Ovintiv's shares are currently trading at $48.89, experiencing a up of 0.02%.
Unveiling the Story Behind Ovintiv
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.
Unraveling the Financial Story of Ovintiv
Revenue Challenges: Ovintiv's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -1.43%. This indicates a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Navigating Financial Profits:
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Gross Margin: The company maintains a high gross margin of 61.31%, indicating strong cost management and ...