NOV Inc. (NYSE:NOV) Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in NOV Inc. by 6.5%, owning approximately 361,959 shares worth $5.51 million at the end of the most recent quarter.
• NOV reported earnings per share of $0.19 for the recent quarter, falling short of analysts' expectations of $0.25 and representing a 2.4% decline in revenue year-over-year.
• The company's stock has seen a 1.9% increase recently, with a current market capitalization of $5.25 billion and a consensus rating of "Hold" from analysts.

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of NOV Inc. (NYSE:NOV - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,959 shares of the oil and gas exploration company's stock after purchasing an additional 22,249 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of NOV worth $5,509,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NOV. Commonwealth Equity Services LLC increased its stake in shares of NOV by 28.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 25,425 shares of the oil and gas exploration company's stock worth $371,000 after buying an additional 5,605 shares during the period. Corient Private Wealth LLC increased its stake in shares of NOV by 17.9% during the fourth quarter. Corient Private Wealth LLC now owns 14,506 shares of the oil and gas exploration company's stock worth $212,000 after buying an additional 2,198 shares during the period. American Century Companies Inc. increased its stake in shares of NOV by 416.5% during the fourth quarter. American Century Companies Inc. now owns 648,506 shares of the oil and gas exploration company's stock worth $9,468,000 after buying an additional 522,941 shares during the period. KLP Kapitalforvaltning AS acquired a new position in NOV in the fourth quarter valued at approximately $1,190,000. Finally, LPL Financial LLC boosted its holdings in NOV by 23.7% in the fourth quarter. LPL Financial LLC now owns 59,340 shares of the oil and gas exploration company's stock valued at $866,000 after purchasing an additional 11,364 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

NOV Price Performance

Shares of NOV stock traded down $0.16 during mid-day trading on Thursday, reaching $12.62. The stock had a trading volume of 723,523 shares, compared to its average volume of 4,365,137. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $21.20. The company has a market cap of $4.74 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 3.44 and a beta of 1.28. The business has a 50-day simple moving average of $13.03 and a 200 day simple moving average of $13.63. The company has a current ratio of 2.58, a quick ratio of 1.76 and a debt-to-equity ratio of 0.26.

NOV (NYSE:NOV - Get Free Report) last announced 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 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%. The company's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. On average, sell-side analysts anticipate that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were given a dividend of $0.21 per share. This represents a yield of 3.63%. The ex-dividend date of this dividend was Monday, June 2nd. NOV's dividend payout ratio is presently 20.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NOV. Royal Bank Of Canada lowered their price target on NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a report on Wednesday. JPMorgan Chase & Co. downgraded NOV from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $17.00 to $15.00 in a report on Wednesday. Evercore ISI decreased their price objective on NOV from $15.00 to $14.00 and set an "in-line" rating for the company in a report on Wednesday. Barclays decreased their price objective on NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Finally, Morgan Stanley decreased their price target on NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, NOV presently has a consensus rating of "Hold" and an average target price of $16.69.

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.