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Dean Investment Associates cut its Ovintiv holdings by over 88%, but Ovintiv's stock still rose 1.6% and is rated "Buy."
Dean Investment Associates LLC significantly reduced its holdings in Ovintiv Inc. (OVV) by selling 66,487 shares in the fourth quarter, leaving it with only 8,241 shares.
Despite this, Ovintiv's stock rose 1.6% in the same period and is rated "Buy" with a target price of $56.06.
Ovintiv, which explores and produces natural gas, oil, and natural gas liquids, now sees a higher earnings estimate for Q1 2025, with a market cap of $8.81 billion.
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Dean Investment Associates redujo sus tenencias de Ovintiv en más del 88%, pero las acciones de Ovintiv aún subieron un 1,6% y están calificadas como "Buy".