NOV Inc. $NOV Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in NOV Inc. (NYSE:NOV) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,571 shares of the oil and gas exploration company’s stock after selling 2,933 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NOV were worth $1,648,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NOV. Banque Cantonale Vaudoise purchased a new position in shares of NOV in the first quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in NOV in the 1st quarter worth $36,000. Signaturefd LLC boosted its position 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 valued at $46,000 after buying an additional 931 shares during the last quarter. Quarry LP boosted its position in NOV by 119.7% in the 1st quarter. Quarry LP now owns 3,407 shares of the oil and gas exploration company’s stock valued at $52,000 after buying an additional 1,856 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of NOV by 172.9% during the first quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company’s stock valued at $66,000 after acquiring an additional 2,737 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

NOV Stock Performance

Shares of NOV opened at $15.10 on Friday. The business’s fifty day moving average price is $13.28 and its 200 day moving average price is $12.89. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $16.86. The stock has a market capitalization of $5.61 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 4.73 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.55 and a quick ratio of 1.72.

NOV (NYSE:NOV) last released its earnings results on Monday, October 27th. The oil and gas exploration company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. NOV had a net margin of 4.36% and a return on equity of 5.89%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. NOV has set its Q4 2025 guidance at EPS. Equities research analysts forecast that NOV Inc. will post 1.4 EPS for the current year.

NOV Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $0.075 per share. The ex-dividend date was Friday, September 12th. This represents a $0.30 annualized dividend and a yield of 2.0%. NOV’s dividend payout ratio is 30.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research raised NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Evercore ISI reduced their target price on NOV from $15.00 to $14.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their price target on shares of NOV from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NOV in a report on Wednesday, October 8th. Finally, Susquehanna set a $17.00 price objective on shares of NOV and gave the company a “positive” rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.38.

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.