Proficio Capital Partners LLC Purchases New Position in NOV Inc. (NYSE:NOV)

Proficio Capital Partners LLC acquired a new position in shares of NOV Inc. (NYSE:NOV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,331 shares of the oil and gas exploration company's stock, valued at approximately $341,000.

A number of other large investors also recently modified their holdings of the business. KBC Group NV lifted its position in shares of NOV by 11.8% in the 3rd quarter. KBC Group NV now owns 11,060 shares of the oil and gas exploration company's stock worth $177,000 after buying an additional 1,163 shares during the last quarter. Verum Partners LLC lifted 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 purchasing an additional 1,248 shares during the last quarter. UMB Bank n.a. lifted its position in NOV by 222.3% in 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 purchasing an additional 1,612 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in NOV by 10.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,983 shares of the oil and gas exploration company's stock valued at $271,000 after purchasing an additional 1,656 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted its position in NOV by 3.5% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 59,895 shares of the oil and gas exploration company's stock valued at $874,000 after purchasing an additional 2,040 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

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NOV Stock Performance

NOV stock traded up $0.37 on Friday, hitting $14.29. The company's stock had a trading volume of 5,073,638 shares, compared to its average volume of 3,600,485. The firm has a market cap of $5.44 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. 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 fifty day moving average price of $15.00 and a 200-day moving average price of $15.59. NOV Inc. has a one year low of $13.78 and a one year high of $21.20.

NOV (NYSE:NOV - Get Free Report) last announced its quarterly earnings results 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 net margin of 7.16% and a return on equity of 9.88%. On average, equities analysts anticipate that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, March 14th. NOV's payout ratio is 18.63%.

Analysts Set New Price Targets

NOV has been the topic of several recent research reports. Royal Bank of Canada lifted their price objective on shares of NOV from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Raymond James lifted their price objective on shares of NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Seaport Res Ptn downgraded shares of NOV from a "strong-buy" rating to a "hold" rating in a research report on Sunday, January 5th. Barclays lifted their target price on shares of 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 downgraded shares of NOV from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NOV currently has a consensus rating of "Hold" and a consensus price target of $19.60.

NOV Company 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.