Empowered Funds LLC Buys Shares of 21,528 NOV Inc. (NYSE:NOV)

Empowered Funds LLC bought a new stake in shares of NOV Inc. (NYSE:NOV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,528 shares of the oil and gas exploration company's stock, valued at approximately $314,000.

Several other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of NOV by 851.1% in the third quarter. Blue Trust Inc. now owns 5,859 shares of the oil and gas exploration company's stock worth $94,000 after buying an additional 5,243 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of NOV during the 3rd quarter worth approximately $217,000. International Assets Investment Management LLC boosted its position in shares of 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 last quarter. State of Alaska Department of Revenue increased its position in NOV by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 45,817 shares of the oil and gas exploration company's stock worth $731,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new stake in NOV in the third quarter worth $1,148,000. Institutional investors own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NOV. Stifel Nicolaus dropped their target price on NOV from $25.00 to $24.00 and set a "buy" rating for the company in a report on Monday, October 28th. Raymond James lifted their price objective on shares of NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Atb Cap Markets downgraded shares of NOV from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Seaport Res Ptn cut shares of NOV from a "strong-buy" rating to a "hold" rating in a research note on Sunday, January 5th. Finally, Wells Fargo & Company dropped their target price on NOV from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $19.60.

NOV Price Performance

Shares of NOV stock traded down $0.35 on Friday, reaching $15.10. The company's stock had a trading volume of 3,142,911 shares, compared to its average volume of 3,958,436. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.75 billion, a P/E ratio of 9.38, a PEG ratio of 1.01 and a beta of 1.64. The stock has a 50-day moving average price of $14.95 and a 200-day moving average price of $15.90. NOV Inc. has a 52-week low of $13.94 and a 52-week high of $21.20.

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

NOV Dividend Announcement

The company 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 $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 yield of 1.99%. NOV's payout ratio is currently 18.63%.

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.