Cambiar Investors LLC Invests $4.42 Million in NOV Inc. $NOV

Key Points

• Cambiar Investors LLC acquired 290,097 shares of NOV Inc. (NYSE:NOV) during the 1st quarter, representing a stake valued at approximately $4.415 million.
• NOV's recent earnings report indicated an earnings per share (EPS) of $0.29, missing the consensus estimate of $0.30 but slightly beating revenue expectations with $2.19 billion reported.
• The company announced a quarterly dividend of $0.075 per share, equating to an annual yield of 2.5%, with the ex-dividend date set for September 12th.

Cambiar Investors LLC purchased a new position in shares of NOV Inc. (NYSE:NOV - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 290,097 shares of the oil and gas exploration company's stock, valued at approximately $4,415,000. Cambiar Investors LLC owned 0.08% of NOV as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NOV. Banque Cantonale Vaudoise purchased a new position in shares of NOV during the 1st quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of NOV during the 1st quarter worth $36,000. CX Institutional purchased a new position in shares of NOV during the 1st quarter worth $42,000. UMB Bank n.a. raised its holdings in shares of NOV by 66.7% during the 1st quarter. UMB Bank n.a. now owns 3,895 shares of the oil and gas exploration company's stock worth $59,000 after acquiring an additional 1,558 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of NOV by 172.9% during the 1st quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company's stock worth $66,000 after acquiring an additional 2,737 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NOV. Stifel Nicolaus reduced their price target on NOV from $22.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Susquehanna set a $17.00 price target on NOV and gave the stock a "positive" rating in a report on Wednesday, July 30th. Piper Sandler reduced their price objective on shares of NOV from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Evercore ISI reduced their price objective on shares of NOV from $15.00 to $14.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Finally, Barclays reduced their price objective on shares of NOV from $13.00 to $11.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, NOV presently has an average rating of "Hold" and a consensus target price of $16.56.

NOV Trading Down 1.6%

NYSE NOV traded down $0.1950 during trading on Wednesday, hitting $12.1950. The stock had a trading volume of 2,776,539 shares, compared to its average volume of 4,292,748. NOV Inc. has a twelve month low of $10.84 and a twelve month high of $18.40. The company has a market capitalization of $4.53 billion, a PE ratio of 10.00, a PEG ratio of 3.48 and a beta of 1.32. The company has a quick ratio of 1.72, a current ratio of 2.58 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $12.98 and a 200 day moving average price of $13.35.

NOV (NYSE:NOV - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The oil and gas exploration company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). NOV had a return on equity of 7.25% and a net margin of 5.36%.The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The business's quarterly revenue was down 1.3% compared to the same quarter last year. NOV has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.5%. NOV's payout ratio is currently 24.59%.

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.