Jump Financial LLC Buys 172,101 Shares of NOV Inc. (NYSE:NOV)

Jump Financial LLC grew its position in NOV Inc. (NYSE:NOV - Free Report) by 652.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 198,471 shares of the oil and gas exploration company's stock after buying an additional 172,101 shares during the period. Jump Financial LLC owned 0.05% of NOV worth $2,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank increased its stake in shares of NOV by 88.7% in the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock valued at $32,000 after buying an additional 1,034 shares during the period. Covestor Ltd grew its stake in shares of NOV by 282.9% during the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock worth $33,000 after purchasing an additional 1,655 shares during the period. UMB Bank n.a. grew its stake in shares of 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 purchasing an additional 1,612 shares during the period. Signaturefd LLC grew its stake in shares of NOV by 41.3% during 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. Finally, CoreFirst Bank & Trust acquired a new stake in shares of NOV during the fourth quarter worth $41,000. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Stock Down 1.4 %

Shares of NYSE:NOV traded down $0.17 during midday trading on Wednesday, hitting $11.99. The stock had a trading volume of 1,166,077 shares, compared to its average volume of 4,552,245. NOV Inc. has a 12 month low of $10.84 and a 12 month high of $21.20. 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 business's 50-day simple moving average is $14.02 and its 200-day simple moving average is $14.92. The company has a market cap of $4.54 billion, a P/E ratio of 7.45, a PEG ratio of 1.02 and a beta of 1.35.

NOV (NYSE:NOV - Get Free Report) last released 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 net margin of 7.16% and a return on equity of 9.88%. On average, sell-side analysts forecast that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 2.50%. NOV's dividend payout ratio (DPR) is 18.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NOV shares. Susquehanna decreased their price objective on NOV from $21.00 to $19.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Raymond James lifted their price objective on NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Stifel Nicolaus decreased their price objective on NOV from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Evercore ISI reissued an "in-line" rating and issued a $18.00 target price (down from $25.00) on shares of NOV in a research note on Wednesday, January 15th. Finally, Piper Sandler boosted their target price on NOV from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $19.00.

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.