Turtle Creek Wealth Advisors LLC Invests $880,000 in NOV Inc. $NOV

Key Points

• Turtle Creek Wealth Advisors LLC invested approximately $880,000 in 70,835 shares of NOV Inc. during the second quarter, according to a recent SEC filing.
• Analysts have mixed ratings for NOV, with six analysts giving a Buy rating and three assigning a Sell rating, while the average price target is set at $15.79.
• NOV Inc. reported $0.29 earnings per share for the last quarter, missing expectations, with a net margin of 5.36% and a revenue decline of 1.3% year-over-year.

Turtle Creek Wealth Advisors LLC purchased a new position in shares of NOV Inc. (NYSE:NOV - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 70,835 shares of the oil and gas exploration company's stock, valued at approximately $880,000.

Other institutional investors also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in shares of NOV during the 1st quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in NOV during the 1st quarter worth $36,000. CX Institutional bought a new stake in NOV during the 1st quarter worth $42,000. Quarry LP grew its position in NOV by 119.7% during the 1st quarter. Quarry LP now owns 3,407 shares of the oil and gas exploration company's stock worth $52,000 after acquiring an additional 1,856 shares during the last quarter. Finally, Signaturefd LLC grew its position in NOV by 33.2% during the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company's stock worth $46,000 after acquiring an additional 931 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their price objective on NOV from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Zacks Research upgraded NOV from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Royal Bank Of Canada dropped their price target on NOV from $19.00 to $18.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Susquehanna set a $17.00 price target on NOV and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. downgraded NOV from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $15.79.

NOV Stock Performance

NOV stock opened at $12.82 on Thursday. The firm has a market cap of $4.76 billion, a PE ratio of 10.50, a P/E/G ratio of 3.70 and a beta of 1.26. The company has a quick ratio of 1.72, a current ratio of 2.58 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $12.92 and a 200-day moving average of $12.81. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $16.86.

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

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.30 annualized dividend and a dividend yield of 2.3%. NOV's dividend payout ratio is currently 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.

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