Hara Capital LLC Buys Shares of 122,595 NOV Inc. (NYSE:NOV)

Hara Capital LLC bought a new position in shares of NOV Inc. (NYSE:NOV - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 122,595 shares of the oil and gas exploration company's stock, valued at approximately $1,790,000. NOV comprises 1.1% of Hara Capital LLC's holdings, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Huntington National Bank boosted its stake in shares of NOV by 88.7% in the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock worth $32,000 after buying an additional 1,034 shares during the last quarter. Covestor Ltd raised its holdings in NOV by 282.9% in the 4th quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock worth $33,000 after purchasing an additional 1,655 shares during the period. Signaturefd LLC raised its holdings in NOV by 41.3% in the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock worth $38,000 after purchasing an additional 756 shares during the period. CoreFirst Bank & Trust acquired a new position in NOV in the 4th quarter worth about $41,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in NOV in the 4th quarter worth about $42,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NOV. JPMorgan Chase & Co. dropped their price target on shares of NOV from $20.00 to $17.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price target on shares of NOV from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Piper Sandler reduced their price target on shares of NOV from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company increased their price objective on shares of NOV from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Thursday, May 1st. Finally, Susquehanna reduced their price target on shares of NOV from $21.00 to $19.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.50.

NOV Stock Performance

NOV stock traded down $0.28 on Friday, hitting $12.00. The company's stock had a trading volume of 4,791,350 shares, compared to its average volume of 3,978,915. The company has a fifty day moving average price of $12.61 and a 200-day moving average price of $14.22. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. NOV Inc. has a one year low of $10.84 and a one year high of $21.20. The firm has a market cap of $4.51 billion, a P/E ratio of 7.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.27.

NOV (NYSE:NOV - Get Free Report) last posted its earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). NOV had a return on equity of 9.88% and a net margin of 7.16%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the company posted $0.30 EPS. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities analysts anticipate that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be issued a $0.21 dividend. This represents a dividend yield of 3.63%. The ex-dividend date is Monday, June 2nd. NOV's payout ratio is 20.00%.

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.