NOV Inc. (NYSE:NOV) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of NOV Inc. (NYSE:NOV - Free Report) by 17.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,393 shares of the oil and gas exploration company's stock after purchasing an additional 29,225 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of NOV worth $3,004,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NOV. Huntington National Bank boosted its stake in NOV by 88.7% during the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock valued at $32,000 after acquiring an additional 1,034 shares during the last quarter. Covestor Ltd boosted its stake in NOV by 282.9% during the 4th quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock valued at $33,000 after acquiring an additional 1,655 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in NOV during the 1st quarter valued at $36,000. CX Institutional bought a new position in NOV during the 1st quarter valued at $42,000. Finally, UMB Bank n.a. boosted its stake 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 acquiring an additional 1,558 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on NOV shares. Piper Sandler reduced their price objective on shares of NOV from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus reduced their price objective on shares of NOV from $23.00 to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Barclays reduced their price objective on shares of NOV from $13.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Royal Bank Of Canada decreased their price target on shares of NOV from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group dropped their price objective on shares of NOV from $16.00 to $13.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $17.31.

NOV Stock Performance

NOV opened at $13.97 on Monday. The business's 50 day moving average is $12.97 and its 200-day moving average is $13.64. The stock has a market cap of $5.25 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 3.56 and a beta of 1.28. The company has a current ratio of 2.65, a quick ratio of 1.76 and a debt-to-equity ratio of 0.26. NOV Inc. has a twelve month low of $10.84 and a twelve month high of $21.20.

NOV (NYSE:NOV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.06). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.11 billion. NOV had a net margin of 6.68% and a return on equity of 9.11%. The business's quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. On average, analysts predict that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.21 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 3.63%. NOV's dividend payout ratio (DPR) is presently 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.

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