NOV Inc. $NOV Shares Sold by Narwhal Capital Management

Key Points

• Narwhal Capital Management reduced its stake in NOV Inc. by 42.5%, selling 77,831 shares, leaving it with a total of 105,388 shares worth approximately $1.31 million.
• Equity analysts have varied price targets for NOV, with Citigroup raising it to $14.00 while others have cut it, resulting in a current consensus target price of $16.31.
• NOV recently announced a quarterly dividend of $0.075 per share, providing a dividend yield of 2.2%, and has set its Q3 2025 earnings per share guidance at 1.4 EPS.

Narwhal Capital Management reduced its position in NOV Inc. (NYSE:NOV - Free Report) by 42.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 105,388 shares of the oil and gas exploration company's stock after selling 77,831 shares during the quarter. Narwhal Capital Management's holdings in NOV were worth $1,310,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NOV. AQR Capital Management LLC increased its stake in NOV by 88.9% in the 1st quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company's stock valued at $107,276,000 after buying an additional 3,362,853 shares during the period. Nuveen LLC acquired a new position in shares of NOV during the 1st quarter worth $33,742,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of NOV during the 1st quarter worth $23,589,000. Dimensional Fund Advisors LP grew its stake in shares of NOV by 7.9% during 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 purchasing an additional 1,329,327 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in shares of NOV during the 1st quarter worth $19,915,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NOV shares. Citigroup upped their price target on shares of NOV from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Wednesday. Piper Sandler lowered their price target 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. JPMorgan Chase & Co. cut shares of NOV from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $17.00 to $15.00 in a research note on Wednesday, July 30th. Susquehanna set a $17.00 price target on shares of NOV and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada decreased their price objective on shares of NOV from $19.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $16.31.

NOV Price Performance

NYSE:NOV opened at $13.69 on Thursday. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 3.94 and a beta of 1.26. 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 company's 50-day moving average is $12.87 and its two-hundred day moving average is $12.90. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $16.86.

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

NOV Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, September 12th. NOV's dividend payout ratio is presently 24.59%.

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.

Want to see what other hedge funds are holding NOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NOV Inc. (NYSE:NOV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.