Privium Fund Management B.V. Grows Position in NOV Inc. $NOV

Privium Fund Management B.V. raised its position in NOV Inc. (NYSE:NOV) by 28.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,876 shares of the oil and gas exploration company’s stock after acquiring an additional 14,131 shares during the quarter. Privium Fund Management B.V.’s holdings in NOV were worth $825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in shares of NOV during the first quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in NOV during the first quarter worth approximately $36,000. Quarry LP boosted its holdings in NOV by 119.7% in the first quarter. Quarry LP now owns 3,407 shares of the oil and gas exploration company’s stock valued at $52,000 after purchasing an additional 1,856 shares in the last quarter. Signaturefd LLC raised its holdings in NOV by 33.2% during the second quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 931 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of NOV by 172.9% during the 1st quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company’s stock worth $66,000 after buying an additional 2,737 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NOV shares. Zacks Research raised NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Royal Bank Of Canada reduced their price objective on NOV from $19.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Susquehanna set a $17.00 target price on shares of NOV and gave the company a “positive” rating in a report on Wednesday, July 30th. Piper Sandler decreased their price target on shares of NOV from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Finally, Evercore ISI dropped their price objective on shares of NOV from $15.00 to $14.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, NOV has an average rating of “Hold” and a consensus price target of $15.79.

NOV Stock Performance

NYSE:NOV opened at $12.77 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 3.77 and a beta of 1.26. The firm’s fifty day moving average price is $12.97 and its 200 day moving average price is $12.76. NOV Inc. has a 1-year low of $10.84 and a 1-year high of $16.86.

NOV (NYSE:NOV) last announced its quarterly earnings data 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 firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.16 billion. NOV had a return on equity of 7.25% and a net margin of 5.36%.The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. NOV has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that NOV Inc. will post 1.4 EPS for the current year.

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, September 12th. NOV’s dividend payout ratio is 24.59%.

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.