New York State Common Retirement Fund Has $58.16 Million Stock Holdings in NOV Inc. (NYSE:NOV)

New York State Common Retirement Fund lowered its holdings in NOV Inc. (NYSE:NOV - Free Report) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,867,630 shares of the oil and gas exploration company's stock after selling 327,721 shares during the period. New York State Common Retirement Fund owned about 0.73% of NOV worth $58,156,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co raised its holdings in shares of NOV by 85.4% during the third quarter. CENTRAL TRUST Co now owns 1,259 shares of the oil and gas exploration company's stock valued at $26,000 after buying an additional 580 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of NOV during the fourth quarter valued at approximately $49,000. International Assets Investment Management LLC raised its holdings in shares of NOV by 1,306.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,488 shares of the oil and gas exploration company's stock valued at $71,000 after buying an additional 3,240 shares during the last quarter. CWM LLC raised its holdings in shares of NOV by 17.9% during the third quarter. CWM LLC now owns 4,944 shares of the oil and gas exploration company's stock valued at $103,000 after buying an additional 752 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in NOV by 27.8% during the third quarter. Fifth Third Bancorp now owns 4,990 shares of the oil and gas exploration company's stock worth $104,000 after purchasing an additional 1,086 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

NOV Trading Down 0.2 %

NYSE NOV traded down $0.03 on Wednesday, hitting $18.83. 3,232,139 shares of the stock were exchanged, compared to its average volume of 4,304,689. NOV Inc. has a 52-week low of $14.05 and a 52-week high of $21.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.51. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 0.81 and a beta of 1.74. The company's 50-day moving average price is $18.54 and its two-hundred day moving average price is $19.17.

NOV (NYSE:NOV - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas exploration company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $1.10. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.26 billion. NOV had a net margin of 11.57% and a return on equity of 10.79%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Research analysts predict that NOV Inc. will post 1.52 EPS for the current year.

NOV Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Wednesday, March 13th. NOV's dividend payout ratio (DPR) is currently 7.97%.

Insider Buying and Selling at NOV

In other NOV news, CAO Christy Lynn Novak sold 3,500 shares of NOV stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $17.43, for a total transaction of $61,005.00. Following the completion of the sale, the chief accounting officer now owns 114,212 shares of the company's stock, valued at approximately $1,990,715.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.85% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NOV. Stifel Nicolaus dropped their target price on NOV from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, February 5th. StockNews.com raised NOV from a "sell" rating to a "hold" rating in a report on Wednesday, January 31st. TD Cowen dropped their target price on NOV from $31.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, February 5th. Benchmark cut NOV from a "buy" rating to a "hold" rating in a report on Tuesday, January 16th. Finally, Susquehanna reissued a "positive" rating and set a $26.00 target price on shares of NOV in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, NOV currently has an average rating of "Hold" and a consensus target price of $24.36.

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.