NOV Inc. $NOV Stake Boosted by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in NOV Inc. by 28.2% in Q1, totaling $3.87 million worth of shares following the acquisition of 55,943 additional shares.
• NOV reported Earnings Per Share (EPS) of $0.29 for the latest quarter, falling short of analysts' expectations by $0.01, with a revenue of $2.19 billion.
• The company announced a quarterly dividend of $0.075 per share, yielding approximately 2.3%, with a dividend payout ratio of 24.59%.

Jump Financial LLC increased its holdings in shares of NOV Inc. (NYSE:NOV - Free Report) by 28.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 254,414 shares of the oil and gas exploration company's stock after purchasing an additional 55,943 shares during the quarter. Jump Financial LLC owned 0.07% of NOV worth $3,872,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of NOV during the first quarter worth about $33,742,000. AQR Capital Management LLC lifted its stake in shares of NOV by 85.9% during the fourth quarter. AQR Capital Management LLC now owns 3,784,096 shares of the oil and gas exploration company's stock worth $55,248,000 after purchasing an additional 1,748,816 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of NOV by 40.7% during the fourth quarter. Ameriprise Financial Inc. now owns 5,718,408 shares of the oil and gas exploration company's stock worth $83,489,000 after purchasing an additional 1,652,917 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of NOV by 187.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,071,760 shares of the oil and gas exploration company's stock worth $30,248,000 after purchasing an additional 1,351,441 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in NOV by 7.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company's stock worth $275,818,000 after buying an additional 1,329,327 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

NOV has been the topic of a number of recent analyst reports. Evercore ISI cut their price objective on shares of NOV from $15.00 to $14.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Susquehanna set a $17.00 target price on shares of NOV and gave the company a "positive" rating in a research note on Wednesday, July 30th. Piper Sandler cut their target price on shares of NOV from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Royal Bank Of Canada cut their target price on shares of NOV from $19.00 to $18.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Finally, Morgan Stanley cut their target price on shares of NOV from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $16.56.

NOV Stock Performance

NOV traded up $0.09 during trading on Friday, reaching $13.29. 2,821,533 shares of the company were exchanged, compared to its average volume of 4,241,766. NOV Inc. has a 52 week low of $10.84 and a 52 week high of $18.11. The company has a current ratio of 2.58, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.94 billion, a P/E ratio of 10.89, a PEG ratio of 3.72 and a beta of 1.32. The firm has a 50 day moving average of $12.87 and a 200 day moving average of $13.25.

NOV (NYSE:NOV - Get Free Report) last posted its earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). NOV had a return on equity of 7.25% and a net margin of 5.36%.The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company posted $0.57 EPS. NOV's revenue for the quarter was down 1.3% on a year-over-year basis. NOV has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, September 12th. NOV's dividend payout ratio (DPR) 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.