NOV Inc. (NYSE:NOV) Holdings Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in NOV Inc. (NYSE:NOV - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,793,128 shares of the oil and gas exploration company's stock after purchasing an additional 1,934,243 shares during the quarter. Dimensional Fund Advisors LP owned about 4.32% of NOV worth $245,178,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in 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 valued at $179,718,000 after buying an additional 12,210,514 shares in the last quarter. First Pacific Advisors LP acquired a new position in NOV during the fourth quarter valued at approximately $39,495,000. Greenhaven Associates Inc. lifted its position in NOV by 61.7% during the fourth quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company's stock valued at $48,049,000 after buying an additional 1,255,666 shares in the last quarter. Van ECK Associates Corp lifted its position in NOV by 22.1% during the fourth quarter. Van ECK Associates Corp now owns 5,182,044 shares of the oil and gas exploration company's stock valued at $75,658,000 after buying an additional 938,866 shares in the last quarter. Finally, LSV Asset Management lifted its position in NOV by 294.7% during the fourth quarter. LSV Asset Management now owns 1,193,300 shares of the oil and gas exploration company's stock valued at $17,422,000 after buying an additional 891,000 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

NOV Price Performance

NYSE:NOV remained flat at $12.34 during mid-day trading on Friday. The company had a trading volume of 2,853,849 shares, compared to its average volume of 3,865,691. The stock has a market cap of $4.67 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. NOV Inc. has a fifty-two week low of $10.84 and a fifty-two week high of $21.20. The business has a fifty day simple moving average of $13.82 and a 200 day simple moving average of $14.82. 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 (NYSE:NOV - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%. Sell-side analysts anticipate that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 2.43%. NOV's dividend payout ratio is currently 18.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Seaport Res Ptn cut shares of NOV from a "strong-buy" rating to a "hold" rating in a research report on Sunday, January 5th. Evercore ISI reaffirmed an "in-line" rating and set a $18.00 price target (down from $25.00) on shares of NOV in a report on Wednesday, January 15th. Stifel Nicolaus dropped their price target on shares of NOV from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Barclays upped their price objective on shares of NOV from $12.00 to $13.00 and gave the company an "underweight" rating in a research report on Tuesday, February 18th. Finally, Piper Sandler raised their target price on NOV from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $19.00.

About NOV

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.