NOV Inc. $NOV Position Boosted by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC has increased its holdings in NOV Inc. by 35.1%, acquiring an additional 140,711 shares to raise its stake to 542,018 shares valued at $8,250,000 at the end of the last quarter.
• NOV's recent earnings report showed an EPS of $0.29, slightly below the consensus estimate of $0.30, with a revenue of $2.19 billion, down 1.3% from the previous year.
• The company announced a quarterly dividend of $0.075 per share, which will be paid on September 26th, representing an annualized yield of 2.3% and a payout ratio of 24.59%.

Energy Income Partners LLC grew its position in NOV Inc. (NYSE:NOV - Free Report) by 35.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 542,018 shares of the oil and gas exploration company's stock after acquiring an additional 140,711 shares during the quarter. Energy Income Partners LLC owned about 0.14% of NOV worth $8,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC lifted its position in NOV by 2.9% during the fourth quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company's stock worth $353,000 after buying an additional 672 shares in the last quarter. Stifel Financial Corp boosted its position in shares of NOV by 8.0% in the 4th quarter. Stifel Financial Corp now owns 99,123 shares of the oil and gas exploration company's stock valued at $1,447,000 after purchasing an additional 7,316 shares during the period. Price T Rowe Associates Inc. MD lifted its position in NOV by 6.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 235,171 shares of the oil and gas exploration company's stock worth $3,434,000 after acquiring an additional 14,639 shares during the period. Coldstream Capital Management Inc. acquired a new stake in NOV during the 4th quarter worth approximately $148,000. Finally, Northern Trust Corp lifted its holdings in shares of NOV by 27.3% in the 4th quarter. Northern Trust Corp now owns 3,685,547 shares of the oil and gas exploration company's stock valued at $53,809,000 after buying an additional 790,010 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on NOV. Wells Fargo & Company dropped their price objective on NOV from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday, June 5th. 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 note on Friday, May 16th. Stifel Nicolaus dropped their price objective on NOV from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. downgraded NOV from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $17.00 to $15.00 in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada dropped their price target on NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Seven 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's stock. According to data from MarketBeat, NOV has an average rating of "Hold" and an average price target of $16.56.

NOV Trading Up 3.0%

NOV stock traded up $0.39 during midday trading on Thursday, reaching $13.37. The stock had a trading volume of 2,921,250 shares, compared to its average volume of 4,229,666. NOV Inc. has a twelve month low of $10.84 and a twelve month high of $17.12. The stock has a market capitalization of $4.96 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 3.77 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.58. The stock's 50-day simple moving average is $12.87 and its 200 day simple moving average is $13.17.

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 prior year, the firm earned $0.57 EPS. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. NOV has set its Q3 2025 guidance at EPS. Analysts expect that NOV Inc. will post 1.4 EPS for the current year.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, September 12th. This represents a $0.30 annualized dividend and a yield of 2.2%. NOV's dividend payout ratio is presently 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.