NOV Inc. (NYSE:NOV) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lowered its holdings in NOV Inc. (NYSE:NOV - Free Report) by 59.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,700 shares of the oil and gas exploration company's stock after selling 102,776 shares during the period. Schonfeld Strategic Advisors LLC's holdings in NOV were worth $1,032,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank grew its stake in shares of NOV by 88.7% in the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company's stock worth $32,000 after acquiring an additional 1,034 shares in the last quarter. Covestor Ltd increased its holdings in NOV by 282.9% during the 4th quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company's stock worth $33,000 after purchasing an additional 1,655 shares during the period. UMB Bank n.a. raised its position in NOV by 222.3% in the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company's stock valued at $34,000 after purchasing an additional 1,612 shares in the last quarter. Signaturefd LLC boosted its stake in shares of NOV by 41.3% in the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company's stock valued at $38,000 after buying an additional 756 shares during the period. Finally, CoreFirst Bank & Trust acquired a new position in shares of NOV during the fourth quarter worth about $41,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

NOV Stock Down 0.4 %

NOV stock opened at $11.84 on Thursday. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.27. The company has a fifty day moving average price of $13.32 and a 200 day moving average price of $14.62. 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 12 month low of $10.84 and a 12 month high of $21.20.

NOV (NYSE:NOV - Get Free Report) last announced its earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.06). The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.11 billion. NOV had a net margin of 7.16% and a return on equity of 9.88%. NOV's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. Sell-side analysts expect that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.075 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.53%. NOV's dividend payout ratio (DPR) is currently 20.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NOV shares. Royal Bank of Canada decreased their price target 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. JPMorgan Chase & Co. lowered their target price on shares of NOV from $20.00 to $17.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus cut their price target on NOV from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Raymond James upped their price objective on NOV from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Barclays decreased their target price on NOV from $13.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $18.00.

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.

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