Man Group plc Has $3.52 Million Stock Holdings in NOV Inc. (NYSE:NOV)

Man Group plc reduced its stake in shares of NOV Inc. (NYSE:NOV - Free Report) by 63.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 241,273 shares of the oil and gas exploration company's stock after selling 409,964 shares during the quarter. Man Group plc owned approximately 0.06% of NOV worth $3,523,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in NOV by 13.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,793,128 shares of the oil and gas exploration company's stock valued at $245,178,000 after acquiring an additional 1,934,243 shares during the last quarter. Pacer Advisors Inc. lifted its stake in NOV by 12,344.0% in the fourth quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company's stock valued at $179,718,000 after acquiring an additional 12,210,514 shares during the last quarter. Geode Capital Management LLC lifted its stake in NOV by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 6,697,650 shares of the oil and gas exploration company's stock valued at $97,815,000 after acquiring an additional 302,009 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in NOV by 40.7% in the fourth quarter. Ameriprise Financial Inc. now owns 5,718,408 shares of the oil and gas exploration company's stock valued at $83,489,000 after acquiring an additional 1,652,917 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in NOV by 22.1% in the fourth quarter. Van ECK Associates Corp now owns 5,182,044 shares of the oil and gas exploration company's stock valued at $75,658,000 after acquiring an additional 938,866 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on NOV. The Goldman Sachs Group reduced their target price on shares of NOV from $16.00 to $13.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. reduced their target price 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. Susquehanna reduced their target price on shares of NOV from $21.00 to $19.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada reduced their target price on shares of NOV from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Raymond James boosted their price objective on shares of NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $17.50.

NOV Stock Performance

NOV stock traded down $0.03 on Friday, reaching $12.15. 2,462,323 shares of the company were exchanged, compared to its average volume of 3,966,982. NOV Inc. has a 12 month low of $10.84 and a 12 month high of $21.20. The stock's fifty day moving average price is $12.89 and its 200 day moving average price is $14.38. The firm has a market capitalization of $4.56 billion, a PE ratio of 7.54, a PEG ratio of 1.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.64.

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

NOV Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, June 13th. NOV's dividend payout ratio (DPR) is currently 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.