SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 6.7% Passive Stake in Ovintiv Inc.
Ownership Disclosure
FMR LLC and its Chief Executive Officer, Abigail P. Johnson, have disclosed a combined passive beneficial ownership of 6.7% of Ovintiv Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, its Chief Executive Officer, jointly reported beneficial ownership of 17,426,478.06 shares of Ovintiv Inc. common stock.
- This stake represents 6.7% of Ovintiv Inc.'s total outstanding common stock as of December 31, 2024.
- FMR LLC holds sole voting power over 16,546,637.26 shares and sole dispositive power over 17,426,478.06 shares.
- Abigail P. Johnson holds sole dispositive power over 17,426,478.06 shares, with no sole or shared voting power.
- The shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of Ovintiv Inc.
- FMR LLC is classified as a parent holding company/control person, and Abigail P. Johnson is an individual.
- This filing is an Amendment No. 2 to a previously filed Schedule 13G.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a factual disclosure of passive ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It simply reports a significant stake.
Industry Context
This filing indicates a significant passive investment by a major asset manager, FMR LLC, in Ovintiv Inc., an energy company. Such disclosures are common for large institutional investors maintaining positions in publicly traded companies across various sectors, including energy.
Stakeholder Impact
- This filing primarily impacts shareholders by providing transparency on significant institutional ownership, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC (accession number -23-000003), where FMR LLC's Power of Attorney was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC (accession number -23-000038), where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting date for ownership). |
| 2025-02-11 | Date of signing and filing of this Schedule 13G Amendment No. 2. |
Keywords
Ovintiv Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Common Stock, Beneficial Ownership, Passive Investment, SEC Filing, Institutional Investor, Energy Sector
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