Alyeska Investment Group L.P. Takes $19.92 Million Position in NOV Inc. $NOV

Key Points

• Alyeska Investment Group L.P. has acquired a stake in NOV Inc., purchasing 1,308,452 shares valued at approximately $19.9 million, which is about 0.35% of the company's total shares.
• The company has recently reported a quarterly earnings miss with EPS of $0.29, below the expected $0.30, alongside a year-over-year revenue decline of 1.3%.
• NOV also declared a quarterly dividend of $0.075 per share, reflecting an annualized dividend yield of 2.2%, with a payout ratio of 24.59%.

Alyeska Investment Group L.P. acquired a new stake in shares of NOV Inc. (NYSE:NOV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,308,452 shares of the oil and gas exploration company's stock, valued at approximately $19,915,000. Alyeska Investment Group L.P. owned about 0.35% of NOV as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NOV. Perbak Capital Partners LLP acquired a new stake in NOV during the 1st quarter valued at $367,000. Focus Partners Advisor Solutions LLC purchased a new position in NOV in the first quarter valued at about $170,000. Cubist Systematic Strategies LLC acquired a new stake in shares of NOV during the first quarter valued at about $7,924,000. Royal Bank of Canada grew its stake in shares of NOV by 15.6% during the first quarter. Royal Bank of Canada now owns 49,721 shares of the oil and gas exploration company's stock valued at $756,000 after acquiring an additional 6,711 shares in the last quarter. Finally, Energy Income Partners LLC grew its stake in NOV by 35.1% in the first quarter. Energy Income Partners LLC now owns 542,018 shares of the oil and gas exploration company's stock worth $8,250,000 after purchasing an additional 140,711 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

NOV Trading Down 0.9%

NOV stock traded down $0.11 during midday trading on Wednesday, reaching $12.94. The company's stock had a trading volume of 1,667,779 shares, compared to its average volume of 4,191,363. The business's 50-day simple moving average is $12.91 and its 200-day simple moving average is $13.09. 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 stock has a market cap of $4.80 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 3.79 and a beta of 1.34. NOV Inc. has a 52 week low of $10.84 and a 52 week high of $17.12.

NOV (NYSE:NOV - Get Free Report) last issued 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 quarter in the previous year, the business earned $0.57 earnings per share. The company's revenue was down 1.3% on a year-over-year basis. NOV has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that NOV Inc. will post 1.4 EPS for the current year.

NOV Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.30 annualized dividend and a dividend yield of 2.3%. NOV's payout ratio is presently 24.59%.

Wall Street Analysts Forecast Growth

NOV has been the subject of a number of research reports. JPMorgan Chase & Co. downgraded NOV from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $17.00 to $15.00 in a research note on Wednesday, July 30th. Stifel Nicolaus lowered their price objective on shares of NOV from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Wells Fargo & Company lowered their price target on shares of NOV from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, June 5th. Evercore ISI reduced their price objective on shares of NOV from $15.00 to $14.00 and set an "in-line" rating for the company in a research note on Wednesday, July 30th. Finally, Susquehanna set a $17.00 target price on shares of NOV and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $16.56.

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.