NOV Inc. (NYSE:NOV) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of NOV Inc. (NYSE:NOV - Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 904,907 shares of the oil and gas exploration company's stock after selling 100,190 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of NOV worth $13,212,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Huntington National Bank lifted its stake in shares of NOV by 88.7% in the 4th quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock worth $32,000 after purchasing an additional 1,034 shares during the period. Covestor Ltd boosted its stake in NOV by 282.9% during the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock valued at $33,000 after buying an additional 1,655 shares during the last quarter. Signaturefd LLC boosted its stake in NOV by 41.3% during the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock valued at $38,000 after buying an additional 756 shares during the last quarter. CoreFirst Bank & Trust bought a new position in NOV during the fourth quarter valued at approximately $41,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in NOV during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Wall Street Analyst Weigh In

NOV has been the topic of a number of analyst reports. Morgan Stanley cut their price target on NOV from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. JPMorgan Chase & Co. reduced their price target on NOV from $20.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus lowered their price target on NOV from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada cut their price target on NOV from $20.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company boosted their target price on NOV from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.50.

NOV Trading Up 1.0%

NOV traded up $0.12 during trading on Monday, hitting $11.91. 1,474,762 shares of the stock traded hands, compared to its average volume of 3,969,200. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $21.20. The firm has a market capitalization of $4.47 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.27. The firm has a 50-day moving average of $12.61 and a 200 day moving average of $14.22. 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 quarterly 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). The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.11 billion. NOV had a net margin of 7.16% and a return on equity of 9.88%. The business's revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. Equities research analysts anticipate that NOV Inc. will post 1.4 EPS for the current year.

NOV Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, June 13th. Investors of record on Tuesday, June 3rd will be paid a $0.21 dividend. This represents a yield of 3.63%. The ex-dividend date of this dividend is Monday, June 2nd. NOV's dividend payout ratio is presently 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.