New York State Teachers Retirement System grew its holdings in NOV Inc. (NYSE:NOV - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 590,771 shares of the oil and gas exploration company's stock after purchasing an additional 62,733 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of NOV worth $8,625,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in NOV by 10.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 581,446 shares of the oil and gas exploration company's stock worth $8,489,000 after buying an additional 56,665 shares in the last quarter. Greenhaven Associates Inc. raised its stake in shares of NOV by 61.7% in the fourth quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company's stock worth $48,049,000 after acquiring an additional 1,255,666 shares during the last quarter. Barclays PLC lifted its position in shares of NOV by 120.1% during the third quarter. Barclays PLC now owns 473,545 shares of the oil and gas exploration company's stock worth $7,561,000 after purchasing an additional 258,392 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of NOV by 1,590.1% during the third quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company's stock worth $46,000 after purchasing an additional 2,735 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of NOV by 519.1% during the third quarter. Bank of Montreal Can now owns 438,068 shares of the oil and gas exploration company's stock valued at $7,000,000 after purchasing an additional 367,308 shares during the last quarter. Institutional investors own 93.27% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Raymond James upped their price objective on NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Piper Sandler boosted 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. Royal Bank of Canada raised their price target on NOV from $21.00 to $22.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Barclays boosted their price objective on NOV from $12.00 to $13.00 and gave the stock an "underweight" rating in a report on Tuesday. Finally, ATB Capital reaffirmed a "sector perform" rating and issued a $19.00 target price on shares of NOV in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, NOV presently has an average rating of "Hold" and an average target price of $19.60.
Get Our Latest Report on NOV
NOV Trading Down 2.2 %
NYSE:NOV 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 3,958,435. NOV Inc. has a 1-year low of $13.94 and a 1-year high of $21.20. The business's 50-day moving average price is $14.95 and its two-hundred day moving average price is $15.90. The firm has a market cap of $5.75 billion, a PE ratio of 9.38, a PEG ratio of 1.01 and a beta of 1.64. 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 issued its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share (EPS) 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%. Equities research analysts anticipate 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 will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.99%. NOV's payout ratio is 18.63%.
About NOV
(
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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