tiprankstipranks
BlackRock Reduces Stake in OMV AG Below 4%
Company Announcements

BlackRock Reduces Stake in OMV AG Below 4%

Story Highlights

Pick the best stocks and maximize your portfolio:

An announcement from OMV AG ( (DE:OMV) ) is now available.

OMV AG has announced a change in its major holdings, with BlackRock, Inc. reducing its total holdings in OMV shares to below 4%. This change involves a disposal of shares and instruments, resulting in BlackRock’s voting rights in OMV dropping from 4.01% to 3.93%. This adjustment in holdings could have implications for OMV’s shareholder dynamics and influence in decision-making processes.

More about OMV AG

OMV Aktiengesellschaft is a multinational integrated oil and gas company based in Vienna, Austria. The company is involved in the exploration, production, refining, and marketing of oil and gas, as well as in petrochemicals. It operates primarily in Europe, Africa, and the Middle East.

YTD Price Performance: 7.94%

Average Trading Volume: 7,550

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €12.56B

For detailed information about OMV stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks TipRanks Germany Auto-Generated NewsdeskOMV AG Retains New Zealand E&P Business
TipRanks TipRanks Germany Auto-Generated NewsdeskBlackRock’s Stake in OMV AG Exceeds 4% Voting Rights Threshold
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App