Jefferies Financial Group Inc. Buys New Shares in NOV Inc. (NYSE:NOV)

Jefferies Financial Group Inc. acquired a new stake in NOV Inc. (NYSE:NOV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,221 shares of the oil and gas exploration company's stock, valued at approximately $762,000.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of NOV by 12,344.0% during the fourth quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company's stock worth $179,718,000 after buying an additional 12,210,514 shares during the period. First Pacific Advisors LP acquired a new position in NOV during the 4th quarter worth approximately $39,495,000. Dimensional Fund Advisors LP increased its position in shares of NOV by 13.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,793,128 shares of the oil and gas exploration company's stock valued at $245,178,000 after purchasing an additional 1,934,243 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of NOV by 85.9% in the 4th quarter. AQR Capital Management LLC now owns 3,784,096 shares of the oil and gas exploration company's stock valued at $55,248,000 after purchasing an additional 1,748,816 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of NOV by 40.7% during the 4th quarter. Ameriprise Financial Inc. now owns 5,718,408 shares of the oil and gas exploration company's stock worth $83,489,000 after purchasing an additional 1,652,917 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

NOV Price Performance

NOV traded down $0.28 during trading on Monday, reaching $12.56. 2,586,969 shares of the stock were exchanged, compared to its average volume of 3,957,079. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.64. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.02 and a beta of 1.27. NOV Inc. has a 1 year low of $10.84 and a 1 year high of $21.20. The business's 50 day moving average price is $13.09 and its two-hundred day moving average price is $14.48.

NOV (NYSE:NOV - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. NOV's quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Friday, March 14th. NOV's payout ratio is 20.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays dropped their target price on NOV from $13.00 to $11.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price objective on NOV from $20.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Susquehanna decreased their target price on NOV from $21.00 to $19.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company boosted their price objective 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. Finally, The Goldman Sachs Group cut their target price on NOV from $16.00 to $13.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.50.

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.