27,380 Shares in NOV Inc. (NYSE:NOV) Bought by Css LLC Il

Css LLC Il bought a new position in shares of NOV Inc. (NYSE:NOV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,380 shares of the oil and gas exploration company's stock, valued at approximately $400,000.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank increased its holdings in NOV by 88.7% in the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock valued at $32,000 after buying an additional 1,034 shares in the last quarter. Covestor Ltd increased its holdings in NOV by 282.9% in the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock valued at $33,000 after buying an additional 1,655 shares in the last quarter. UMB Bank n.a. increased its holdings in 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 valued at $34,000 after buying an additional 1,612 shares in the last quarter. Signaturefd LLC increased its holdings 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 valued at $38,000 after buying an additional 756 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in NOV in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

NOV Stock Down 0.1%

Shares of NYSE NOV opened at $12.18 on Friday. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $21.20. The stock has a market cap of $4.58 billion, a PE ratio of 7.57, a P/E/G ratio of 1.02 and a beta of 1.27. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $12.94 and a 200 day moving average of $14.42.

NOV (NYSE:NOV - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). NOV had a net margin of 7.16% and a return on equity of 9.88%. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the prior year, the company posted $0.30 EPS. The firm's revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts predict that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, June 13th. This represents a $0.30 annualized dividend and a yield of 2.46%. NOV's dividend payout ratio is presently 20.00%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NOV shares. Morgan Stanley cut their price objective on shares of NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Raymond James lifted 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. Susquehanna cut their price objective on shares of NOV from $21.00 to $19.00 and set a "positive" rating for the company in a report on Monday, April 14th. Royal Bank of Canada cut their target price on shares of NOV from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Barclays cut their target price on shares of NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.50.

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.

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