AXQ Capital LP grew its position in shares of NOV Inc. (NYSE:NOV - Free Report) by 557.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,202 shares of the oil and gas exploration company's stock after buying an additional 90,040 shares during the period. NOV comprises 0.7% of AXQ Capital LP's portfolio, making the stock its 13th largest position. AXQ Capital LP's holdings in NOV were worth $1,551,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in NOV by 41.3% in the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock worth $38,000 after purchasing an additional 756 shares during the period. Verum Partners LLC grew its position in shares of NOV by 9.0% during the 4th quarter. Verum Partners LLC now owns 15,050 shares of the oil and gas exploration company's stock valued at $220,000 after buying an additional 1,248 shares during the last quarter. UMB Bank n.a. raised its stake in NOV by 222.3% during the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company's stock worth $34,000 after acquiring an additional 1,612 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in NOV by 10.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,983 shares of the oil and gas exploration company's stock worth $271,000 after acquiring an additional 1,656 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted its holdings in NOV by 3.5% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 59,895 shares of the oil and gas exploration company's stock worth $874,000 after acquiring an additional 2,040 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.
NOV Trading Up 2.2 %
Shares of NYSE:NOV traded up $0.33 during midday trading on Tuesday, reaching $15.45. The company had a trading volume of 1,034,588 shares, compared to its average volume of 4,616,894. The company has a fifty day simple moving average of $14.99 and a two-hundred day simple moving average of $15.41. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. NOV Inc. has a 1-year low of $13.77 and a 1-year high of $21.20. 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 (NYSE:NOV - Get Free Report) last announced its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. Research analysts predict that NOV Inc. will post 1.4 earnings per share for the current year.
NOV Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.94%. NOV's payout ratio is currently 18.63%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on NOV shares. Piper Sandler increased their target price on NOV from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Evercore ISI reaffirmed an "in-line" rating and set a $18.00 price target (down previously from $25.00) on shares of NOV in a report on Wednesday, January 15th. Royal Bank of Canada upgraded NOV from a "sector perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research report on Monday. Barclays raised their price target on NOV from $12.00 to $13.00 and gave the company an "underweight" rating in a report on Tuesday, February 18th. Finally, ATB Capital reaffirmed a "sector perform" rating and issued a $19.00 price objective on shares of NOV in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, NOV has a consensus rating of "Hold" and an average target price of $19.60.
Check Out Our Latest Research Report on NOV
NOV Company Profile
(
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.
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