Hara Capital LLC Takes Position in NOV Inc. (NYSE:NOV)

Hara Capital LLC purchased a new position in NOV Inc. (NYSE:NOV - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 122,595 shares of the oil and gas exploration company's stock, valued at approximately $1,790,000. NOV makes up 1.2% of Hara Capital LLC's portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of NOV during the third quarter worth $36,000. UMB Bank n.a. raised its holdings 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 worth $34,000 after buying an additional 1,612 shares during the period. International Assets Investment Management LLC raised its holdings 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 worth $46,000 after buying an additional 2,735 shares during the period. Brooklyn Investment Group purchased a new stake in NOV during the third quarter valued at about $48,000. Finally, R Squared Ltd acquired a new position in shares of NOV in the fourth quarter worth about $44,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI restated 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. Raymond James boosted their target price on shares of NOV from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their target price on NOV from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Wells Fargo & Company dropped their price target on NOV from $16.00 to $15.00 and set an "underweight" rating on the stock in a research report on Monday, November 4th. Finally, ATB Capital restated a "sector perform" rating and set a $19.00 price objective on shares of NOV in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.60.

NOV Stock Down 2.2 %

NOV stock traded down $0.35 during trading hours on Friday, hitting $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 market capitalization of $5.75 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 1.01 and a beta of 1.64. The stock has a 50 day moving average price of $14.95 and a two-hundred day moving average price of $15.88. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. NOV Inc. has a 12 month low of $13.94 and a 12 month high of $21.20.

NOV (NYSE:NOV - Get Free Report) last posted its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, beating 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%. On average, equities research analysts expect that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.075 per share. The ex-dividend date 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%.

NOV Company Profile

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.