NOV Inc. (NYSE:NOV - Get Free Report) has been given an average rating of "Hold" by the eighteen research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $20.14.
A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on NOV from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Stifel Nicolaus lowered their price objective on shares of NOV from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Bank of America lowered their price target on shares of NOV from $22.00 to $20.00 and set a "buy" rating for the company in a report on Monday, October 14th. Piper Sandler began coverage on NOV in a research note on Thursday, December 19th. They issued a "neutral" rating and a $17.00 target price for the company. Finally, Citigroup lowered NOV from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $21.00 to $18.00 in a research report on Monday, November 11th.
View Our Latest Research Report on NOV
NOV Price Performance
NYSE:NOV traded down $0.29 during trading hours on Thursday, reaching $14.60. The company had a trading volume of 2,139,151 shares, compared to its average volume of 2,531,468. NOV has a one year low of $13.94 and a one year high of $21.23. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $15.38 and a two-hundred day moving average of $16.67. The firm has a market capitalization of $5.68 billion, a PE ratio of 5.39, a PEG ratio of 0.87 and a beta of 1.66.
NOV Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, December 6th. NOV's payout ratio is presently 11.07%.
Insider Buying and Selling at NOV
In related news, Director David D. Harrison sold 1,784 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total transaction of $28,722.40. Following the completion of the transaction, the director now owns 110,951 shares in the company, valued at approximately $1,786,311.10. This represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.85% of the company's stock.
Hedge Funds Weigh In On NOV
A number of large investors have recently modified their holdings of NOV. Quarry LP bought a new stake in NOV during the third quarter worth about $36,000. American National Bank & Trust acquired a new position in shares of NOV during the 3rd quarter worth approximately $39,000. International Assets Investment Management LLC raised its stake in shares of 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 purchasing an additional 2,735 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of NOV in the 3rd quarter valued at approximately $48,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of NOV in the second quarter valued at $78,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
NOV Company Profile
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Get Free ReportNOV 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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