Hotchkis & Wiley Capital Management Reduces $15M in Ovintiv Inc. ($OVV)
Key Points
- Hotchkis & Wiley Capital Management changed its Ovintiv Inc. ($OVV) stake by 3.1% last quarter, cutting to 8,501,093 shares worth $477.97 million.
- Wall Street's consensus rating on $OVV is Buy and an average price target of $70.95.
- $OVV last traded around $56.23.
Hotchkis & Wiley Capital Management trimmed its position in Ovintiv Inc. ($OVV) by 3.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,501,093 shares of Ovintiv Inc. after selling 269,900 shares during the quarter. Hotchkis & Wiley Capital Management's holdings in Ovintiv Inc. were worth $477.97 million as of its most recent filing.
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About Ovintiv Inc.
Ovintiv Inc., together with its subsidiaries, operates as an oil and natural gas exploration and production company in North America. The company operates through USA Operations and Canadian Operations segments. It is involved in the exploration, development, production, and marketing of oil, NGLs, natural gas and other related activities in the Permian in West Texas and Anadarko in West-central Oklahoma in the United States, as well as in northwest Alberta and northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.
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