Nov Inc. (NOV)

Vanguard Personalized Indexing Management LLC Grows Stock Position in NOV Inc. (NYSE:NOV)

Vanguard Personalized Indexing Management LLC grew its position in shares of NOV Inc. (NYSE:NOV – Free Report) by 48.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,424 shares of the oil and gas exploration company’s stock after purchasing an additional 18,150 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in NOV were worth $1,124,000 as of its most recent SEC filing. Other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new stake in NOV during the 4th quarter valued at approximately $49,000. GAMMA Investing LLC bought a new stake in shares of NOV in the fourth quarter worth $61,000. International Assets Investment Management LLC raised its holdings in NOV by 1,306.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,488 shares of the oil and gas exploration company’s stock valued at $71,000 after acquiring an additional 3,240 shares in the last quarter. Principal Securities Inc. bought a new position in NOV during the 4th quarter valued at $97,000. Finally, Fifth Third Bancorp grew its holdings in NOV by 27.8% during the 3rd quarter. Fifth Third Bancorp now owns 4,990 shares of the oil and gas exploration company’s stock worth $104,000 after acquiring an additional 1,086 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds. NOV Stock Performance NOV opened at $19.06 on Monday. NOV Inc. has a twelve month low of $14.05 and a twelve month high of $21.91. The stock has a market cap of $7.54 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 0.81 and a beta of 1.74. The business’s 50 day moving average is $19.09 and its 200-day moving average is $19.02. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.28. NOV (NYSE:NOV – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas exploration company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. NOV had a return on equity of 10.21% and a net margin of 11.23%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, analysts predict that NOV Inc. will post 1.55 earnings per share for the current year. NOV Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.57%. This is an increase from NOV’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, June 14th. NOV’s payout ratio is 8.03%. Insider Transactions at NOV In related news, CAO Christy Lynn Novak sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $17.43, for a total transaction of $61,005.00. Following the sale, the chief accounting officer now owns 114,212 shares of the company’s stock, valued at $1,990,715.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.85% of the company’s stock. Analyst Ratings Changes Several brokerages have recently commented on NOV. Susquehanna reaffirmed a “positive” rating and set a $26.00 price target on shares of NOV in a research report on Monday, April 8th. Raymond James decreased their target price on NOV from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, February 5th. StockNews.com raised NOV from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Piper Sandler decreased their price objective on shares of NOV from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 20th. Finally, TD Cowen dropped their target price on shares of NOV from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.07. View Our Latest Stock Analysis on NOV About NOV (Free Report) NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. See Also Five stocks we like better than NOV How to Use Stock Screeners to Find Stocks Canada Goose Flies Higher Driven By DTC Growth What Are Dividends? Buy the Best Dividend Stocks CVS Health Stock Has a Silver Lining Called Value Find and Profitably Trade Stocks at 52-Week Lows Magnificent 7 Still Magnificent as the Halfway Mark Approaches? 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