Rafferty Asset Management Trims Ovintiv Stake

Investment firm reduces holdings in energy company by nearly 24%

Published on Mar. 4, 2026

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Rafferty Asset Management LLC has reduced its stake in Ovintiv Inc. (NYSE: OVV) by 23.8% in the third quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 106,245 shares of the energy company's stock, down from 139,360 shares previously.

Why it matters

Ovintiv, formerly known as Encana Corporation, is a major North American energy company focused on oil, natural gas, and natural gas liquids exploration and production. Changes in institutional ownership of the company's shares can provide insight into market sentiment and the stock's performance outlook.

The details

According to the SEC filing, Rafferty Asset Management sold 33,115 shares of Ovintiv during the third quarter. The firm's remaining 106,245 shares were worth approximately $4.29 million at the end of the reporting period. Ovintiv's stock has seen significant volatility in recent months, trading between $29.80 and $53.21 over the past 52 weeks.

  • Rafferty Asset Management reduced its Ovintiv stake during the third quarter of 2025.

The players

Rafferty Asset Management LLC

An investment management firm that has reduced its holdings in Ovintiv Inc.

Ovintiv Inc.

A North American energy company focused on oil, natural gas, and natural gas liquids exploration and production.

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The takeaway

The reduction in Rafferty Asset Management's Ovintiv stake suggests the investment firm may have a more cautious outlook on the energy company's near-term prospects, though Ovintiv's stock has seen significant price swings in recent months.