NOV Inc. $NOV Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in NOV Inc. by 1.5% during the 1st quarter, holding 3,064,869 shares valued at approximately $46.65 million.
• NOV's stock price fell by 1.1% to $12.19, with the company reporting earnings of $0.29 per share, missing estimates of $0.30.
• A quarterly dividend of $0.075 has been declared by NOV, with a yield of 2.5% and a payout ratio of 24.59%.

Charles Schwab Investment Management Inc. grew its position in NOV Inc. (NYSE:NOV - Free Report) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,064,869 shares of the oil and gas exploration company's stock after buying an additional 45,104 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.82% of NOV worth $46,647,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of NOV by 1.5% in the first quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company's stock valued at $600,627,000 after buying an additional 566,160 shares in the last quarter. New Age Alpha Advisors LLC increased its position in shares of NOV by 34.3% in the first quarter. New Age Alpha Advisors LLC now owns 353,600 shares of the oil and gas exploration company's stock valued at $5,382,000 after buying an additional 90,401 shares in the last quarter. Privium Fund Management B.V. increased its position in shares of NOV by 16.0% in the first quarter. Privium Fund Management B.V. now owns 49,745 shares of the oil and gas exploration company's stock valued at $757,000 after buying an additional 6,856 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of NOV by 33.9% in the first quarter. PNC Financial Services Group Inc. now owns 35,278 shares of the oil and gas exploration company's stock valued at $537,000 after buying an additional 8,924 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of NOV by 26.4% in the first quarter. LSV Asset Management now owns 1,508,178 shares of the oil and gas exploration company's stock valued at $22,954,000 after buying an additional 314,878 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

NOV Trading Down 1.4%

NYSE:NOV traded down $0.1750 during mid-day trading on Wednesday, reaching $12.2150. The company's stock had a trading volume of 1,100,352 shares, compared to its average volume of 4,281,798. The company's fifty day simple moving average is $12.98 and its two-hundred day simple moving average is $13.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72. NOV Inc. has a twelve month low of $10.84 and a twelve month high of $18.40. The stock has a market cap of $4.54 billion, a P/E ratio of 10.02, a P/E/G ratio of 3.48 and a beta of 1.32.

NOV (NYSE:NOV - Get Free Report) last issued its quarterly earnings results 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). NOV had a return on equity of 7.25% and a net margin of 5.36%.The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the business posted $0.57 earnings per share. The firm's quarterly revenue was down 1.3% on a year-over-year basis. NOV has set its Q3 2025 guidance at EPS. On average, equities analysts predict that NOV Inc. will post 1.4 EPS for the current year.

NOV Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, September 12th. NOV's dividend payout ratio (DPR) is presently 24.59%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NOV. Susquehanna set a $17.00 price target on NOV and gave the company a "positive" rating in a research report on Wednesday, July 30th. Evercore ISI decreased their price objective on NOV from $15.00 to $14.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 30th. Piper Sandler dropped their price objective on NOV from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Morgan Stanley dropped their price objective on NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Finally, Barclays dropped their price objective on NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $16.56.

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.