NOV Inc. $NOV Shares Purchased by First Pacific Advisors LP

First Pacific Advisors LP grew its stake in shares of NOV Inc. (NYSE:NOV) by 101.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,018,950 shares of the oil and gas exploration company’s stock after acquiring an additional 3,526,754 shares during the quarter. NOV comprises approximately 1.2% of First Pacific Advisors LP’s investment portfolio, making the stock its 26th largest holding. First Pacific Advisors LP owned about 1.87% of NOV worth $87,246,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NOV. AQR Capital Management LLC increased its holdings in shares of NOV by 88.9% during the first quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company’s stock valued at $107,276,000 after acquiring an additional 3,362,853 shares in the last quarter. Nuveen LLC acquired a new position in shares of NOV during the first quarter valued at about $33,742,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of NOV during the first quarter valued at about $23,589,000. Dimensional Fund Advisors LP increased its holdings in shares of NOV by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company’s stock valued at $275,818,000 after acquiring an additional 1,329,327 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of NOV during the first quarter valued at about $19,915,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NOV. Raymond James Financial reiterated an “outperform” rating and issued a $17.00 price target on shares of NOV in a report on Tuesday. Susquehanna set a $17.00 price target on shares of NOV and gave the stock a “positive” rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of NOV in a report on Wednesday, October 8th. Evercore ISI cut their price target 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. Finally, Royal Bank Of Canada cut their price target on shares of NOV from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, NOV presently has an average rating of “Hold” and an average price target of $15.15.

NOV Price Performance

Shares of NYSE NOV opened at $14.98 on Wednesday. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 4.15 and a beta of 1.26. NOV Inc. has a 12 month low of $10.84 and a 12 month high of $16.86. The firm’s 50 day simple moving average is $13.16 and its 200-day simple moving average is $12.85. 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 (NYSE:NOV) last issued its quarterly earnings data on Monday, October 27th. The oil and gas exploration company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. NOV had a return on equity of 5.90% and a net margin of 4.36%.NOV’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. NOV has set its Q4 2025 guidance at EPS. 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 given a dividend of $0.075 per share. The ex-dividend date was Friday, September 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.0%. NOV’s dividend payout ratio (DPR) 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.