Ceredex Value Advisors LLC Buys 42,500 Shares of NOV Inc. (NYSE:NOV)

Ceredex Value Advisors LLC boosted its holdings in NOV Inc. (NYSE:NOV - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 666,416 shares of the oil and gas exploration company's stock after purchasing an additional 42,500 shares during the quarter. Ceredex Value Advisors LLC owned about 0.17% of NOV worth $9,730,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Mariner LLC lifted its position in NOV by 2.9% in the 4th quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company's stock valued at $353,000 after acquiring an additional 672 shares in the last quarter. Signaturefd LLC boosted its position 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 valued at $38,000 after buying an additional 756 shares during the last quarter. Huntington National Bank grew its holdings in NOV by 88.7% during the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock worth $32,000 after buying an additional 1,034 shares in the last quarter. Verum Partners LLC raised its position in NOV by 9.0% in the 4th quarter. Verum Partners LLC now owns 15,050 shares of the oil and gas exploration company's stock valued at $220,000 after buying an additional 1,248 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in 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 valued at $34,000 after acquiring an additional 1,612 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

NOV Stock Performance

Shares of NOV stock traded down $0.11 during trading on Tuesday, reaching $12.18. 579,170 shares of the company's stock traded hands, compared to its average volume of 3,884,790. The firm's 50-day moving average is $14.10 and its 200 day moving average is $14.94. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. NOV Inc. has a 1 year low of $10.84 and a 1 year high of $21.20. The company has a market capitalization of $4.61 billion, a P/E ratio of 7.55, a PEG ratio of 1.02 and a beta of 1.35.

NOV (NYSE:NOV - Get Free Report) last released 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 analysts' consensus estimates 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 expect that NOV Inc. will post 1.4 EPS for the current year.

NOV Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 dividend yield of 2.46%. NOV's dividend payout ratio (DPR) is currently 18.63%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays increased their target price on shares of NOV from $12.00 to $13.00 and gave the company an "underweight" rating in a report on Tuesday, February 18th. Stifel Nicolaus decreased their price objective on shares of NOV from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Raymond James boosted their target price on NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Piper Sandler increased their price target on NOV from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group cut their price objective on NOV from $16.00 to $13.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Three equities research 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 company has an average rating of "Hold" and an average target price of $19.00.

About NOV

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.