339,710 Shares in NOV Inc. (NYSE:NOV) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NOV Inc. (NYSE:NOV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 339,710 shares of the oil and gas exploration company's stock, valued at approximately $4,960,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of NOV at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank raised its holdings in NOV by 88.7% during the fourth 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 in the last quarter. Covestor Ltd raised its holdings in shares of NOV by 282.9% during the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock worth $33,000 after acquiring an additional 1,655 shares in the last quarter. Signaturefd LLC lifted its stake in NOV by 41.3% in the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock valued at $38,000 after acquiring an additional 756 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in shares of NOV during the 4th quarter worth about $41,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in NOV in the 4th quarter worth $42,000. Institutional investors own 93.27% of the company's stock.

NOV Price Performance

NYSE NOV traded down $0.14 on Wednesday, reaching $12.28. The company had a trading volume of 1,547,277 shares, compared to its average volume of 3,971,327. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. NOV Inc. has a 12 month low of $10.84 and a 12 month high of $21.20. The firm's 50 day moving average price is $12.48 and its 200 day moving average price is $14.17. The stock has a market capitalization of $4.61 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.27.

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 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.06). NOV had a return on equity of 9.88% and a net margin of 7.16%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.11 billion. The company's revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. As a group, equities analysts predict that NOV Inc. will post 1.4 earnings per share 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 given a dividend of $0.21 per share. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 3.63%. NOV's dividend payout ratio (DPR) is presently 20.00%.

Analyst Ratings Changes

Several analysts have issued reports on NOV shares. Piper Sandler decreased their price target on shares of NOV from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company upped their target price on shares of NOV from $10.00 to $11.00 and gave the stock an "underweight" rating in a research report on Thursday, May 1st. The Goldman Sachs Group cut their target price on shares of NOV from $16.00 to $13.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Royal Bank of Canada reduced their target price on shares of NOV from $20.00 to $19.00 and set an "outperform" rating for the company in a research note 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 research note on Friday, May 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, NOV has a consensus rating of "Hold" and a consensus target price of $17.50.

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.