NOV Inc. (NYSE:NOV) Shares Sold by Hara Capital LLC

Hara Capital LLC lessened its holdings in NOV Inc. (NYSE:NOV - Free Report) by 21.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 96,602 shares of the oil and gas exploration company's stock after selling 25,993 shares during the period. NOV accounts for approximately 1.0% of Hara Capital LLC's holdings, making the stock its 28th biggest position. Hara Capital LLC's holdings in NOV were worth $1,470,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in NOV in the 1st quarter worth $36,000. Exchange Traded Concepts LLC boosted its holdings in shares of NOV by 382.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 18,201 shares of the oil and gas exploration company's stock valued at $277,000 after purchasing an additional 14,432 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of NOV by 172.9% during the 1st quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company's stock valued at $66,000 after purchasing an additional 2,737 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NOV by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,019,765 shares of the oil and gas exploration company's stock valued at $44,089,000 after purchasing an additional 91,800 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of NOV by 41.3% during the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock valued at $38,000 after purchasing an additional 756 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

NOV Stock Down 0.4%

NOV stock traded down $0.05 during trading on Friday, hitting $13.71. 3,677,214 shares of the company's stock traded hands, compared to its average volume of 4,148,632. The firm has a market capitalization of $5.15 billion, a P/E ratio of 9.14, a PEG ratio of 3.43 and a beta of 1.28. The business has a fifty day simple moving average of $12.85 and a two-hundred day simple moving average of $13.75. The company has a quick ratio of 1.76, a current ratio of 2.65 and a debt-to-equity ratio of 0.26. NOV Inc. has a 1 year low of $10.84 and a 1 year high of $21.20.

NOV (NYSE:NOV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). NOV had a return on equity of 9.11% and a net margin of 6.68%. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. NOV's revenue for the quarter was down 2.4% compared to the same quarter last year. Sell-side analysts anticipate that NOV Inc. will post 1.4 EPS for the current year.

NOV Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.21 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 3.63%. NOV's payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NOV shares. Susquehanna dropped their price objective on shares of NOV from $19.00 to $18.00 and set a "positive" rating for the company in a report on Tuesday, July 1st. JPMorgan Chase & Co. lowered their price target on shares of NOV from $20.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company lowered 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. Piper Sandler lowered their price target on shares of NOV from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, Morgan Stanley lowered their price target on shares of NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Three research 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, the company currently has an average rating of "Hold" and a consensus price target of $17.38.

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.