NOV (NYSE:NOV) Shares Acquired Rep. Lisa C. McClain

Key Points

• Representative Lisa C. McClain (R-Michigan) purchased between $1,001 and $15,000 in shares of NOV Inc. on June 24th, as disclosed in a filing on August 13th.
• NOV's shares fell by 1.1% to $12.19, with an annual high of $18.40 and a low of $10.84, showing a market capitalization of $4.53 billion.
• The company recently declared a quarterly dividend of $0.075 per share, to be paid on September 26th, reflecting a yield of 2.5%.

Representative Lisa C. McClain (R-Michigan) recently bought shares of NOV Inc. NYSE: NOV. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in NOV stock on June 24th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

NOV Stock Down 1.1%

Shares of NYSE NOV traded down $0.14 during mid-day trading on Friday, hitting $12.19. The company had a trading volume of 2,323,784 shares, compared to its average volume of 4,239,673. The company has a market capitalization of $4.53 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 3.38 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72. NOV Inc. has a 1-year low of $10.84 and a 1-year high of $18.40. The business's 50-day simple moving average is $13.01 and its 200 day simple moving average is $13.38.

NOV (NYSE:NOV - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. NOV had a net margin of 5.36% and a return on equity of 7.25%. The firm's revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share. On average, analysts predict that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, September 12th. NOV's dividend payout ratio is 24.59%.

Analyst Ratings Changes

Several analysts have recently issued reports on NOV shares. Evercore ISI reduced their price objective on NOV from $15.00 to $14.00 and set an "in-line" rating on the stock in a research note on Wednesday, July 30th. Wells Fargo & Company reduced their price objective on NOV from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, June 5th. 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 note on Wednesday, July 30th. Piper Sandler reduced their price objective on NOV from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Morgan Stanley reduced their price objective on NOV from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $16.56.

Hedge Funds Weigh In On NOV

Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of NOV during the first quarter worth about $36,000. Exchange Traded Concepts LLC grew its holdings in shares of NOV by 382.9% during the first quarter. Exchange Traded Concepts LLC now owns 18,201 shares of the oil and gas exploration company's stock worth $277,000 after purchasing an additional 14,432 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of NOV by 172.9% during the first quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company's stock worth $66,000 after purchasing an additional 2,737 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of NOV by 1.5% during the first quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company's stock worth $600,627,000 after purchasing an additional 566,160 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of NOV by 15.1% during the first quarter. Envestnet Asset Management Inc. now owns 669,077 shares of the oil and gas exploration company's stock worth $10,183,000 after purchasing an additional 87,909 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.