NOV Inc. $NOV Shares Purchased by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in NOV Inc. by 2.1%, now owning 40,487,598 shares valued at approximately $616 million, making it the firm's 10th largest position.
• NOV's most recent earnings report showed earnings per share of $0.29, slightly missing the consensus estimate, while the company generated $2.19 billion in revenue for the quarter.
• The company declared a quarterly dividend of $0.075 per share, with a payout ratio of 24.59%, highlighting a dividend yield of 2.3% for shareholders.

Hotchkis & Wiley Capital Management LLC increased its holdings in shares of NOV Inc. (NYSE:NOV - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,487,598 shares of the oil and gas exploration company's stock after acquiring an additional 833,158 shares during the period. NOV comprises about 2.1% of Hotchkis & Wiley Capital Management LLC's investment portfolio, making the stock its 10th biggest position. Hotchkis & Wiley Capital Management LLC owned 10.78% of NOV worth $616,221,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in NOV during the 1st quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in NOV during the 1st quarter valued at about $36,000. CX Institutional bought a new position in NOV during the 1st quarter valued at about $42,000. UMB Bank n.a. lifted its holdings in NOV by 66.7% during the 1st quarter. UMB Bank n.a. now owns 3,895 shares of the oil and gas exploration company's stock valued at $59,000 after purchasing an additional 1,558 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in NOV by 172.9% during the 1st quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company's stock valued at $66,000 after purchasing an additional 2,737 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NOV has been the subject of several analyst reports. Stifel Nicolaus cut their price target 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. Evercore ISI cut their price target on shares of NOV from $15.00 to $14.00 and set an "in-line" rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. downgraded shares of NOV from an "overweight" rating to a "neutral" rating and cut their price target for the company from $17.00 to $15.00 in a report on Wednesday, July 30th. Susquehanna set a $17.00 target price on shares of NOV and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Finally, Piper Sandler dropped their target price on shares of NOV from $16.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. 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 company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $16.56.

NOV Trading Up 2.1%

Shares of NOV traded up $0.27 on Wednesday, reaching $13.14. 2,586,119 shares of the company's stock were exchanged, compared to its average volume of 4,260,443. 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 capitalization of $4.88 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 3.73 and a beta of 1.32. The business has a 50 day moving average price of $12.89 and a two-hundred day moving average price of $13.27. NOV Inc. has a 12 month low of $10.84 and a 12 month high of $18.11.

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

NOV Dividend Announcement

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