SG Americas Securities LLC boosted its holdings in shares of NOV Inc. (NYSE:NOV - Free Report) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 428,434 shares of the oil and gas exploration company's stock after purchasing an additional 31,285 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of NOV worth $6,521,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in shares of NOV by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,019,765 shares of the oil and gas exploration company's stock worth $44,089,000 after buying an additional 91,800 shares during the period. Signaturefd LLC raised its holdings 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 worth $38,000 after purchasing an additional 756 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of NOV in the fourth quarter valued at $234,000. LPL Financial LLC boosted its position in shares of NOV by 23.7% during the 4th 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. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of NOV during the 4th quarter worth $1,190,000. 93.27% of the stock is owned by institutional investors and hedge funds.
NOV Price Performance
Shares of NYSE NOV traded up $0.05 during mid-day trading on Monday, reaching $13.71. The company's stock had a trading volume of 5,056,840 shares, compared to its average volume of 4,013,743. 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 Inc. has a 52 week low of $10.84 and a 52 week high of $21.20. The stock has a fifty day moving average of $12.42 and a two-hundred day moving average of $13.97. The firm has a market capitalization of $5.15 billion, a PE ratio of 8.51, a P/E/G ratio of 1.02 and a beta of 1.28.
NOV (NYSE:NOV - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.11 billion. NOV had a net margin of 7.16% and a return on equity of 9.88%. The company's revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. As a group, sell-side analysts anticipate that NOV Inc. will post 1.4 EPS for the current fiscal year.
NOV Announces Dividend
The business also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 2nd. This represents a yield of 3.63%. NOV's dividend payout ratio (DPR) is presently 20.00%.
Analyst Ratings Changes
A number of research firms recently issued reports on NOV. The Goldman Sachs Group reduced their price objective on NOV from $16.00 to $13.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada lowered 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. Morgan Stanley dropped their price target on shares of NOV from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Stifel Nicolaus cut their price target on shares of NOV from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company lowered their price objective on NOV from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, June 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.44.
Check Out Our Latest Stock Analysis on NOV
About NOV
(
Free Report)
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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