Aigen Investment Management LP Purchases 98,748 Shares of NOV Inc. (NYSE:NOV)

Aigen Investment Management LP increased its position in NOV Inc. (NYSE:NOV - Free Report) by 650.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,926 shares of the oil and gas exploration company's stock after purchasing an additional 98,748 shares during the period. Aigen Investment Management LP's holdings in NOV were worth $1,663,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NOV. UMB Bank n.a. lifted its stake in NOV by 222.3% during the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company's stock valued at $34,000 after acquiring an additional 1,612 shares during the period. Quarry LP bought a new position in NOV during the 3rd quarter valued at about $36,000. R Squared Ltd bought a new position in NOV during the 4th quarter valued at about $44,000. International Assets Investment Management LLC lifted its stake in NOV by 1,590.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company's stock valued at $46,000 after acquiring an additional 2,735 shares during the period. Finally, Brooklyn Investment Group bought a new position in NOV during the 3rd quarter valued at about $48,000. Institutional investors own 93.27% of the company's stock.

NOV Price Performance

NOV traded up $0.65 during trading on Friday, reaching $15.00. 6,367,474 shares of the company traded hands, compared to its average volume of 4,049,531. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 2.46. NOV Inc. has a 12-month low of $13.77 and a 12-month high of $21.20. The firm has a fifty day simple moving average of $15.01 and a 200 day simple moving average of $15.65. The company has a market cap of $5.71 billion, a P/E ratio of 9.32, a PEG ratio of 1.02 and a beta of 1.66.

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NOV (NYSE:NOV - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. On average, equities analysts forecast that NOV Inc. will post 1.4 EPS for the current year.

NOV Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, March 14th. NOV's dividend payout ratio (DPR) is currently 18.63%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of NOV from $21.00 to $22.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Piper Sandler upped their price target on shares of NOV from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Atb Cap Markets lowered shares of NOV from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Barclays upped their price target on shares of NOV from $12.00 to $13.00 and gave the company an "underweight" rating in a research report on Tuesday, February 18th. Finally, Citigroup lowered shares of NOV from a "buy" rating to a "neutral" rating and reduced their price target for the company from $21.00 to $18.00 in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NOV has an average rating of "Hold" and an average price target of $19.60.

About NOV

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.