Schroder Investment Management Group decreased its holdings in shares of NOV Inc. (NYSE:NOV - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 584,012 shares of the oil and gas exploration company's stock after selling 257,326 shares during the period. Schroder Investment Management Group owned about 0.15% of NOV worth $8,527,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of NOV. Signaturefd LLC increased its position in NOV by 41.3% in the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock worth $38,000 after buying an additional 756 shares during the period. Verum Partners LLC grew 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 worth $220,000 after purchasing an additional 1,248 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of NOV by 222.3% during the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company's stock valued at $34,000 after buying an additional 1,612 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings 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 worth $271,000 after buying an additional 1,656 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its position in NOV by 3.5% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 59,895 shares of the oil and gas exploration company's stock worth $874,000 after acquiring an additional 2,040 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on NOV shares. Seaport Res Ptn lowered NOV from a "strong-buy" rating to a "hold" rating in a report on Sunday, January 5th. Raymond James increased their price objective on shares of NOV from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Atb Cap Markets downgraded NOV from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Barclays upped their price target on shares of NOV from $12.00 to $13.00 and gave the company an "underweight" rating in a report on Tuesday, February 18th. Finally, ATB Capital restated a "sector perform" rating and set a $19.00 target price on shares of NOV in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $19.60.
Get Our Latest Report on NOV
NOV Stock Up 15.1 %
NOV traded up $1.68 on Wednesday, reaching $12.79. 8,997,084 shares of the company traded hands, compared to its average volume of 3,846,192. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.64. The stock's 50 day moving average price is $14.65 and its 200-day moving average price is $15.17. NOV Inc. has a 52-week low of $10.84 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 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, sell-side analysts expect that NOV Inc. will post 1.4 EPS for the current fiscal year.
NOV Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Friday, March 14th. NOV's dividend payout ratio (DPR) is presently 18.63%.
NOV Profile
(
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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