NOV Inc. (NYSE:NOV) Stock Holdings Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NOV Inc. (NYSE:NOV - Free Report) by 45.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 119,465 shares of the oil and gas exploration company's stock after purchasing an additional 37,558 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NOV were worth $1,744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOV. Mariner LLC boosted its stake in shares of NOV by 2.9% in the 4th quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company's stock worth $353,000 after buying an additional 672 shares during the last quarter. Signaturefd LLC increased its holdings in NOV by 41.3% during the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock worth $38,000 after acquiring an additional 756 shares during the period. Huntington National Bank boosted its stake in NOV by 88.7% during the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock valued at $32,000 after buying an additional 1,034 shares during the period. Coppell Advisory Solutions LLC increased its position in shares of NOV by 20.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 7,317 shares of the oil and gas exploration company's stock worth $106,000 after purchasing an additional 1,225 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of NOV by 222.3% during the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company's stock worth $34,000 after acquiring an additional 1,612 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company lifted their target price 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. Morgan Stanley decreased their price objective on NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Raymond James raised their price objective on NOV from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Susquehanna cut their price target on shares of NOV from $21.00 to $19.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, Piper Sandler cut their target price on shares of NOV from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Three equities 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 company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.50.

NOV Stock Up 1.0%

NOV traded up $0.13 on Tuesday, hitting $12.27. 1,184,982 shares of the company were exchanged, compared to its average volume of 4,407,552. NOV Inc. has a twelve month low of $10.84 and a twelve month high of $21.20. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.27. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $12.84 and a two-hundred day moving average price of $14.33.

NOV (NYSE:NOV - Get Free Report) last posted its earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 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 firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm posted $0.30 EPS. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities analysts predict that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, June 13th. NOV's payout ratio is 20.00%.

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.