Natixis Advisors LLC Has $583,000 Stake in NOV Inc. (NYSE:NOV)

Natixis Advisors LLC cut its stake in NOV Inc. (NYSE:NOV - Free Report) by 33.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,900 shares of the oil and gas exploration company's stock after selling 20,263 shares during the period. Natixis Advisors LLC's holdings in NOV were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. lifted its holdings in shares of 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 acquiring an additional 1,612 shares during the period. Quarry LP acquired a new position in NOV during the third quarter valued at approximately $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in NOV during the fourth quarter worth $42,000. R Squared Ltd acquired a new stake in shares of NOV in the 4th quarter valued at $44,000. Finally, Brooklyn Investment Group bought a new position in shares of NOV in the 3rd quarter valued at $48,000. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NOV has been the subject of several recent analyst reports. Evercore ISI restated an "in-line" rating and set a $18.00 price objective (down from $25.00) on shares of NOV in a research report on Wednesday, January 15th. ATB Capital restated a "sector perform" rating and issued a $19.00 price target on shares of NOV in a research note on Tuesday, December 10th. Royal Bank of Canada upgraded shares of NOV from a "sector perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Monday, March 24th. Atb Cap Markets lowered shares of NOV from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, Seaport Res Ptn downgraded shares of NOV from a "strong-buy" rating to a "hold" rating in a report on Sunday, January 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $19.60.

NOV Trading Up 1.8 %

Shares of NOV stock traded up $0.27 on Monday, hitting $15.26. The company had a trading volume of 4,006,095 shares, compared to its average volume of 3,794,190. NOV Inc. has a twelve month low of $13.78 and a twelve month 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. The firm has a market cap of $5.81 billion, a P/E ratio of 9.48, a P/E/G ratio of 1.02 and a beta of 1.66. The stock's 50-day moving average is $14.99 and its two-hundred day moving average is $15.38.

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 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 research analysts anticipate that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Announces Dividend

The company also recently declared 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 1.97%. NOV's dividend payout ratio (DPR) 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.