Rep. Lisa C. McClain Sells Off Shares of NOV Inc. (NYSE:NOV)

Key Points

• Rep. Lisa C. McClain sold shares of NOV Inc. (NYSE:NOV) worth between $1,001 and $15,000, which was disclosed on August 13th, following the sale on July 16th.
• NOV's stock price has seen a decline, closing at $12.19 after trading down $0.14, with a 52-week range between $10.84 and $18.40.
• The company announced a quarterly dividend of $0.075 per share, representing a yield of 2.5%, to be paid on September 26th to investors of record on September 12th.

Representative Lisa C. McClain (R-Michigan) recently sold shares of NOV Inc. NYSE: NOV. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in NOV stock on July 16th. 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 Price Performance

Shares of NYSE NOV traded down $0.14 during mid-day trading on Friday, reaching $12.19. 2,323,784 shares of the company were exchanged, compared to its average volume of 4,239,673. NOV Inc. has a 52 week low of $10.84 and a 52 week high of $18.40. The stock has a market capitalization of $4.53 billion, a PE ratio of 9.99, a PEG ratio of 3.42 and a beta of 1.32. The company's 50 day moving average price is $13.01 and its 200 day moving average price is $13.39. The company has a quick ratio of 1.72, a current ratio of 2.58 and a debt-to-equity ratio of 0.26.

NOV (NYSE:NOV - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. NOV had a return on equity of 7.25% and a net margin of 5.36%. The business's revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Sell-side analysts forecast that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued 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 of this dividend is Friday, September 12th. NOV's dividend payout ratio is 24.59%.

Analysts Set New Price Targets

NOV has been the topic of several recent research reports. Evercore ISI dropped their target price on shares of NOV from $15.00 to $14.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. cut shares of NOV from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $17.00 to $15.00 in a research note on Wednesday, July 30th. Barclays reduced their price target on NOV from $13.00 to $11.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley reduced their price objective on shares of NOV from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, Susquehanna set a $17.00 target price on NOV and gave the company a "positive" rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $16.56.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NOV. Mariner LLC raised its position in NOV by 2.9% during the fourth quarter. Mariner LLC now owns 24,201 shares of the oil and gas exploration company's stock valued at $353,000 after purchasing an additional 672 shares in the last quarter. Signaturefd LLC boosted its holdings in NOV by 33.2% in the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company's stock worth $46,000 after buying an additional 931 shares during the period. ProShare Advisors LLC lifted its holdings in shares of NOV by 6.1% during the 4th quarter. ProShare Advisors LLC now owns 18,204 shares of the oil and gas exploration company's stock worth $266,000 after acquiring an additional 1,042 shares during the last quarter. Vident Advisory LLC increased its position in shares of NOV by 9.6% in the first quarter. Vident Advisory LLC now owns 12,860 shares of the oil and gas exploration company's stock valued at $196,000 after acquiring an additional 1,126 shares during the period. Finally, Keeley Teton Advisors LLC grew its holdings in NOV by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 107,317 shares of the oil and gas exploration company's stock worth $1,633,000 after purchasing an additional 1,128 shares during the period. 93.27% of the stock is currently owned by institutional investors.

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.

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