NOV Inc. (NYSE:NOV - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders acquired 2,616 put options on the company. This is an increase of 1,353% compared to the average daily volume of 180 put options.
NOV Stock Down 3.2 %
Shares of NOV traded down $0.49 during mid-day trading on Friday, hitting $14.62. 25,543,064 shares of the company traded hands, compared to its average volume of 3,663,767. NOV has a 1-year low of $13.78 and a 1-year high of $21.20. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.57 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. The business has a 50 day moving average of $14.99 and a 200 day moving average of $15.43.
NOV (NYSE:NOV - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. Equities research analysts anticipate that NOV will post 1.4 EPS for the current year.
NOV Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.075 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.30 annualized dividend and a yield of 2.05%. NOV's dividend payout ratio (DPR) is presently 18.63%.
Analyst Ratings Changes
A number of research firms recently weighed in on NOV. Evercore ISI reaffirmed an "in-line" rating and issued a $18.00 price objective (down from $25.00) on shares of NOV in a research note on Wednesday, January 15th. Raymond James boosted their target price on shares of NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Royal Bank of Canada boosted their target price on shares of NOV from $21.00 to $22.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Piper Sandler boosted their target price on shares of NOV from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, Barclays boosted their target price on shares of NOV from $12.00 to $13.00 and gave the stock an "underweight" rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.60.
Check Out Our Latest Stock Analysis on NOV
Hedge Funds Weigh In On NOV
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pzena Investment Management LLC increased its holdings in 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 worth $687,143,000 after buying an additional 7,851,220 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in NOV by 23.1% in 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 purchasing an additional 6,963,660 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in NOV by 13.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,793,128 shares of the oil and gas exploration company's stock worth $245,178,000 after purchasing an additional 1,934,243 shares in the last quarter. Pacer Advisors Inc. boosted its position in NOV by 12,344.0% in 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 purchasing an additional 12,210,514 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in NOV by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 6,697,650 shares of the oil and gas exploration company's stock worth $97,815,000 after purchasing an additional 302,009 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.
NOV Company Profile
(
Get 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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