Capital Fund Management S.A. Has $2.37 Million Position in NOV Inc. (NYSE:NOV)

Capital Fund Management S.A. grew its position in shares of NOV Inc. (NYSE:NOV - Free Report) by 125.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,551 shares of the oil and gas exploration company's stock after buying an additional 90,482 shares during the quarter. Capital Fund Management S.A.'s holdings in NOV were worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in shares of NOV by 88.7% during the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock worth $32,000 after purchasing an additional 1,034 shares during the last quarter. UMB Bank n.a. lifted its position in shares of NOV by 222.3% in the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company's stock worth $34,000 after buying an additional 1,612 shares during the last quarter. Signaturefd LLC increased its holdings in shares of NOV by 41.3% during the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock valued at $38,000 after acquiring an additional 756 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in NOV in the 4th quarter worth approximately $42,000. Finally, CoreFirst Bank & Trust acquired a new position in NOV during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 93.27% of the company's stock.

NOV Price Performance

Shares of NOV traded up $0.47 on Friday, hitting $12.52. The company's stock had a trading volume of 3,187,759 shares, compared to its average volume of 3,898,985. The company has a 50 day moving average price of $14.17 and a 200 day moving average price of $14.97. 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 fifty-two week low of $10.84 and a fifty-two week high of $21.20. The company has a market capitalization of $4.74 billion, a PE ratio of 7.77, a PEG ratio of 1.02 and a beta of 1.35.

NOV (NYSE:NOV - Get Free Report) last released 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 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, research analysts anticipate that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Announces Dividend

The firm 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. This represents a $0.30 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Friday, March 14th. NOV's dividend payout ratio is 18.63%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Seaport Res Ptn downgraded shares of NOV from a "strong-buy" rating to a "hold" rating in a report on Sunday, January 5th. Susquehanna cut their price objective on NOV from $21.00 to $19.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Raymond James upped their price target on NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Piper Sandler upped their target price on shares of NOV from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Barclays boosted their price objective on shares of NOV from $12.00 to $13.00 and gave the stock an "underweight" rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.