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flag Despite a major investor reducing holdings, Ovintiv reported strong earnings and a "Buy" rating.

flag U.S. investment bank Janney Montgomery Scott LLC reduced its holdings in energy company Ovintiv Inc. by 22.3% in the first quarter, while Asset Management One Co. Ltd. and Oppenheimer Asset Management Inc. increased their holdings. flag Ovintiv reported strong earnings of $1.42 per share, beating estimates, and announced a quarterly dividend. flag The company's stock is rated "Buy" with a target price of $54.69.

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