Y Intercept Hong Kong Ltd Sells 29,049 Shares of NOV Inc. (NYSE:NOV)

Y Intercept Hong Kong Ltd cut its stake in shares of NOV Inc. (NYSE:NOV - Free Report) by 27.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 78,188 shares of the oil and gas exploration company's stock after selling 29,049 shares during the period. Y Intercept Hong Kong Ltd's holdings in NOV were worth $1,142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOV. Pacer Advisors Inc. lifted its position in NOV by 12,344.0% during the 4th quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company's stock worth $179,718,000 after acquiring an additional 12,210,514 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of NOV by 22.3% in the 3rd quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company's stock valued at $687,143,000 after acquiring an additional 7,851,220 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in NOV by 23.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 37,153,173 shares of the oil and gas exploration company's stock worth $593,336,000 after buying an additional 6,963,660 shares during the last quarter. Weiss Asset Management LP bought a new position in NOV during the 3rd quarter worth $35,709,000. Finally, Greenhaven Associates Inc. grew its stake in NOV by 61.7% during the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company's stock worth $48,049,000 after buying an additional 1,255,666 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Remove Ads

NOV Stock Down 0.4 %

NOV stock traded down $0.07 during mid-day trading on Friday, hitting $14.93. The company's stock had a trading volume of 4,725,312 shares, compared to its average volume of 3,904,477. The firm's 50 day moving average is $15.01 and its 200 day moving average is $15.77. The company has a market cap of $5.68 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.02 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.64. NOV Inc. has a 52-week low of $13.94 and a 52-week high of $21.20.

NOV (NYSE:NOV - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, topping 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%. On average, analysts anticipate that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, March 14th. NOV's dividend payout ratio (DPR) is presently 18.63%.

Analyst Upgrades and Downgrades

NOV has been the subject of a number of analyst reports. Raymond James boosted their price target on NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their price target on NOV from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Wells Fargo & Company reduced their price target on NOV from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, November 4th. 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, Atb Cap Markets lowered NOV from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, NOV presently has an average rating of "Hold" and an average price target of $19.60.

NOV 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.