NOV Inc. $NOV Shares Sold by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in NOV Inc. by 30.6%, selling 440,000 shares and owning approximately 1,000,000 shares worth $15,220,000.
• Institutional investors now own 93.27% of NOV's stock, reflecting increased interest with AQR Capital Management boosting its holdings by 88.9% this quarter.
• NOV reported a missed earnings expectation of $0.29 per share, falling short of the $0.30 consensus, while revenue was $2.19 billion, exceeding analyst estimates of $2.16 billion.

Edmond DE Rothschild Holding S.A. reduced its holdings in NOV Inc. (NYSE:NOV - Free Report) by 30.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,000 shares of the oil and gas exploration company's stock after selling 440,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.27% of NOV worth $15,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NOV. ProShare Advisors LLC lifted its stake in shares of NOV by 6.1% in the 4th quarter. ProShare Advisors LLC now owns 18,204 shares of the oil and gas exploration company's stock valued at $266,000 after purchasing an additional 1,042 shares during the period. Vident Advisory LLC lifted its position in NOV by 9.6% during the 1st quarter. Vident Advisory LLC now owns 12,860 shares of the oil and gas exploration company's stock worth $196,000 after buying an additional 1,126 shares in the last quarter. Keeley Teton Advisors LLC lifted its position in NOV by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 107,317 shares of the oil and gas exploration company's stock worth $1,633,000 after buying an additional 1,128 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of NOV by 30.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,937 shares of the oil and gas exploration company's stock valued at $75,000 after purchasing an additional 1,155 shares during the period. Finally, Canandaigua National Bank & Trust Co. raised its holdings in shares of NOV by 2.5% in the 1st quarter. Canandaigua National Bank & Trust Co. now owns 61,363 shares of the oil and gas exploration company's stock valued at $934,000 after purchasing an additional 1,468 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NOV. Piper Sandler decreased their target price on shares of NOV from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Wells Fargo & Company cut their target price on shares of NOV from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Thursday, June 5th. Evercore ISI dropped their price target 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. Royal Bank Of Canada dropped their price target on shares of NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Finally, Morgan Stanley lowered their target price 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 research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $16.56.

NOV Stock Down 0.6%

Shares of NYSE NOV traded down $0.08 during midday trading on Tuesday, hitting $13.17. The stock had a trading volume of 1,012,297 shares, compared to its average volume of 4,202,540. The business's 50 day moving average is $12.90 and its 200-day moving average is $13.09. The company has a market cap of $4.89 billion, a P/E ratio of 10.81, a PEG ratio of 3.80 and a beta of 1.34. NOV Inc. has a 52 week low of $10.84 and a 52 week high of $17.12. The company has a quick ratio of 1.72, a current ratio of 2.58 and a debt-to-equity ratio of 0.26.

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 for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). NOV had a net margin of 5.36% and a return on equity of 7.25%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company earned $0.57 EPS. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. NOV has set its Q3 2025 guidance at EPS. As a group, analysts predict that NOV Inc. will post 1.4 EPS 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 paid 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 2.3%. NOV's payout ratio is currently 24.59%.

NOV 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.