Capital Fund Management S.A. Buys 110,828 Shares of NOV Inc. $NOV

Key Points

• Capital Fund Management S.A. increased its stock holdings in NOV Inc. by 68.2%, owning 273,379 shares valued at approximately $4.16 million as of the latest SEC filing.
• Several hedge funds, including Banque Cantonale Vaudoise and Mirae Asset Global Investments, also acquired new stakes in NOV during the first quarter, showing increased institutional interest.
• NOV reported a quarterly EPS of $0.29, missing analysts' expectations, and announced an upcoming dividend of $0.075 per share, resulting in an annualized yield of 2.3%.

Capital Fund Management S.A. grew its holdings in shares of NOV Inc. (NYSE:NOV - Free Report) by 68.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,379 shares of the oil and gas exploration company's stock after buying an additional 110,828 shares during the quarter. Capital Fund Management S.A. owned approximately 0.07% of NOV worth $4,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC increased its stake in shares of NOV by 0.3% during the 1st quarter. Pzena Investment Management LLC now owns 41,564,404 shares of the oil and gas exploration company's stock worth $632,610,000 after purchasing an additional 106,011 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of NOV by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company's stock worth $600,627,000 after purchasing an additional 566,160 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NOV by 7.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company's stock worth $275,818,000 after purchasing an additional 1,329,327 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of NOV by 40.7% during the 4th quarter. Ameriprise Financial Inc. now owns 5,718,408 shares of the oil and gas exploration company's stock worth $83,489,000 after purchasing an additional 1,652,917 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in NOV by 12.6% in the 1st quarter. Northern Trust Corp now owns 4,150,911 shares of the oil and gas exploration company's stock valued at $63,177,000 after purchasing an additional 465,364 shares during the period. 93.27% of the stock is owned by institutional investors.

NOV Stock Up 0.7%

NYSE:NOV traded up $0.10 during trading hours on Thursday, reaching $13.21. The company had a trading volume of 1,460,426 shares, compared to its average volume of 4,241,578. 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 market cap of $4.90 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 3.65 and a beta of 1.32. The business's 50-day simple moving average is $12.88 and its two-hundred day simple moving average is $13.27. NOV Inc. has a twelve month low of $10.84 and a twelve month high of $18.11.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. NOV had a net margin of 5.36% and a return on equity of 7.25%. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. NOV has set its Q3 2025 guidance at EPS. On average, equities analysts expect that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NOV. Barclays cut their price target on shares of NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Evercore ISI cut their price target on shares of NOV from $15.00 to $14.00 and set an "in-line" rating for the company in a report on Wednesday, July 30th. Piper Sandler cut their price target on shares of NOV from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Wells Fargo & Company cut their price target on shares of NOV from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday, June 5th. Finally, Morgan Stanley dropped their price objective on shares of NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus 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.