Lodge Hill Capital LLC Buys Shares of 997,090 NOV Inc. $NOV

Key Points

• Lodge Hill Capital LLC acquired 997,090 shares of NOV Inc., valued at approximately $15,176,000, making it 3.6% of Lodge Hill's portfolio and the firm's 14th largest holding.
• Several institutional investors also increased their stakes in NOV, with 93.27% of the stock currently owned by institutional investors and hedge funds.
• NOV's recent earnings report showed an EPS of $0.29, missing estimates, and the company announced a quarterly dividend of $0.075 per share, reflecting a 2.3% yield.

Lodge Hill Capital LLC bought a new stake in NOV Inc. (NYSE:NOV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 997,090 shares of the oil and gas exploration company's stock, valued at approximately $15,176,000. NOV makes up about 3.6% of Lodge Hill Capital LLC's portfolio, making the stock its 14th largest holding. Lodge Hill Capital LLC owned approximately 0.27% of NOV as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in NOV in the first quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in NOV in the first quarter valued at approximately $36,000. CX Institutional acquired a new stake in NOV in the first quarter valued at approximately $42,000. UMB Bank n.a. boosted its stake in NOV by 66.7% in the first quarter. UMB Bank n.a. now owns 3,895 shares of the oil and gas exploration company's stock valued at $59,000 after acquiring an additional 1,558 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in NOV by 172.9% in the first quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company's stock valued at $66,000 after acquiring an additional 2,737 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NOV has been the subject of several research reports. Susquehanna set a $17.00 price objective on shares of NOV and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Evercore ISI lowered their price objective 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. Barclays lowered their price objective on shares of NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Royal Bank Of Canada lowered their price objective 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, Stifel Nicolaus reduced their target price on shares of NOV from $22.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $16.56.

NOV Stock Up 2.1%

NOV opened at $13.14 on Thursday. NOV Inc. has a fifty-two week low of $10.84 and a fifty-two week high of $18.11. 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 company has a fifty day moving average of $12.88 and a two-hundred day moving average of $13.27. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 3.65 and a beta of 1.32.

NOV (NYSE:NOV - Get Free Report) last released its earnings results 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). The company had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.16 billion. NOV had a return on equity of 7.25% and a net margin of 5.36%.The firm's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. NOV has set its Q3 2025 guidance at EPS. On average, research analysts expect that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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.

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