Thrivent Financial for Lutherans decreased its position in shares of NOV Inc. (NYSE:NOV - Free Report) by 95.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 320,628 shares of the oil and gas exploration company's stock after selling 7,103,297 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of NOV worth $4,682,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of NOV. Victory Capital Management Inc. boosted its holdings in shares of NOV by 32.2% in the 3rd quarter. Victory Capital Management Inc. now owns 109,984 shares of the oil and gas exploration company's stock valued at $1,756,000 after acquiring an additional 26,792 shares during the last quarter. Quest Partners LLC purchased a new stake in NOV in the third quarter valued at $96,000. Charles Schwab Investment Management Inc. raised its stake in shares of NOV by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,927,965 shares of the oil and gas exploration company's stock valued at $46,760,000 after buying an additional 55,056 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of NOV by 5.4% in the 3rd quarter. Cerity Partners LLC now owns 64,240 shares of the oil and gas exploration company's stock valued at $1,026,000 after buying an additional 3,274 shares during the period. Finally, Algert Global LLC boosted its stake in shares of NOV by 17.6% in the third quarter. Algert Global LLC now owns 266,014 shares of the oil and gas exploration company's stock worth $4,248,000 after buying an additional 39,780 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on NOV. Royal Bank of Canada raised NOV from a "sector perform" rating to an "outperform" rating and set a $22.00 price target for the company in a report on Monday. Raymond James boosted 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. Atb Cap Markets downgraded NOV from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Barclays boosted their price target on NOV from $12.00 to $13.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 18th. Finally, Evercore ISI restated an "in-line" rating and issued a $18.00 price objective (down previously from $25.00) on shares of NOV in a report on Wednesday, January 15th. Two 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.60.
Check Out Our Latest Analysis on NOV
NOV Trading Up 2.3 %
Shares of NOV stock traded up $0.35 during trading hours on Tuesday, hitting $15.47. The company had a trading volume of 3,495,530 shares, compared to its average volume of 3,664,359. NOV Inc. has a fifty-two week low of $13.78 and a fifty-two week high of $21.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.64. The company's fifty day moving average is $14.99 and its 200 day moving average is $15.41. The stock has a market capitalization of $5.89 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66.
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, 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%. Research analysts expect that NOV Inc. will post 1.4 earnings per share for the current fiscal year.
NOV Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, March 14th. NOV's payout ratio is 18.63%.
NOV Company Profile
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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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