Victory Capital Trims Stake in Ovintiv

Asset manager sells over 500,000 shares of energy company

Published on Mar. 8, 2026

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Victory Capital Management Inc. reduced its holdings in Ovintiv Inc. (NYSE: OVV) by 32.6% in the third quarter, according to a recent SEC filing. The firm sold 505,298 shares of the energy company's stock, leaving it with 1,046,631 shares worth approximately $42.3 million.

Why it matters

This transaction reflects broader shifts in institutional investor sentiment around Ovintiv, an independent oil and gas exploration and production company. The sale comes as Ovintiv's stock has seen increased volatility amid fluctuations in energy prices and the company's ongoing operational and strategic changes.

The details

Victory Capital Management, a major asset management firm, sold over 500,000 shares of Ovintiv in the third quarter. This reduced the firm's stake in the company by 32.6%, leaving it with just over 1 million shares worth around $42 million. The sale was part of broader portfolio adjustments by Victory Capital during the quarter.

  • Victory Capital filed the 13F disclosure reporting the share sale in the third quarter of 2026.

The players

Victory Capital Management Inc.

A major U.S. asset management firm that oversees over $150 billion in client assets.

Ovintiv Inc.

An independent oil and gas exploration and production company headquartered in Denver, Colorado.

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The takeaway

This transaction highlights the shifting sentiment around Ovintiv as the energy sector navigates market volatility. The sale by a major institutional investor like Victory Capital suggests broader portfolio rebalancing, but the company's long-term prospects will depend on its ability to adapt to changing industry dynamics.