SG Americas Securities LLC Acquires 20,952 Shares of NOV Inc. (NYSE:NOV)

SG Americas Securities LLC raised its stake in shares of NOV Inc. (NYSE:NOV) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 397,149 shares of the oil and gas exploration company’s stock after acquiring an additional 20,952 shares during the quarter. SG Americas Securities LLC’s holdings in NOV were worth $5,798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC boosted its position in NOV by 22.3% during the third quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company’s stock valued at $687,143,000 after purchasing an additional 7,851,220 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of NOV by 23.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 37,153,173 shares of the oil and gas exploration company’s stock valued at $593,336,000 after buying an additional 6,963,660 shares in the last quarter. AQR Capital Management LLC grew its position in shares of NOV by 232.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,888,891 shares of the oil and gas exploration company’s stock worth $92,938,000 after buying an additional 3,418,885 shares during the last quarter. Greenhaven Associates Inc. raised its stake in shares of NOV by 61.7% during the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock worth $48,049,000 after acquiring an additional 1,255,666 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in NOV by 3.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,113,452 shares of the oil and gas exploration company’s stock valued at $49,722,000 after acquiring an additional 91,013 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

NOV Stock Down 0.2 %

NOV stock opened at $14.87 on Friday. The business’s 50-day moving average price is $15.16 and its 200 day moving average price is $16.40. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66. NOV Inc. has a 52 week low of $13.94 and a 52 week high of $21.23.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.02%. NOV’s payout ratio is 11.07%.

Insider Activity

In related news, Director David D. Harrison sold 1,784 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total transaction of $28,722.40. Following the sale, the director now owns 110,951 shares in the company, valued at approximately $1,786,311.10. This trade represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.85% of the company’s stock.

Wall Street Analyst Weigh In

NOV has been the topic of a number of recent analyst reports. Seaport Res Ptn downgraded NOV from a “strong-buy” rating to a “hold” rating in a research report on Sunday, January 5th. BMO Capital Markets reduced their target price on NOV from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, October 10th. Piper Sandler started coverage on NOV in a report on Thursday, December 19th. They issued a “neutral” rating and a $17.00 price target for the company. Wells Fargo & Company cut their price objective on shares of NOV from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $18.00 price target (down previously from $25.00) on shares of NOV in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.00.

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.