6,457 Shares in NOV Inc. $NOV Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of NOV Inc. (NYSE:NOV) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 6,457 shares of the oil and gas exploration company’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canandaigua National Trust Co of Florida increased its position in NOV by 114.0% in the 2nd quarter. Canandaigua National Trust Co of Florida now owns 77,394 shares of the oil and gas exploration company’s stock valued at $962,000 after acquiring an additional 41,235 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in shares of NOV by 64.9% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 101,211 shares of the oil and gas exploration company’s stock valued at $1,258,000 after purchasing an additional 39,848 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of NOV by 2,266.9% in the 1st quarter. Empowered Funds LLC now owns 509,555 shares of the oil and gas exploration company’s stock valued at $7,755,000 after purchasing an additional 488,027 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of NOV by 172.9% in the 1st quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company’s stock valued at $66,000 after purchasing an additional 2,737 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of NOV by 18.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 804,961 shares of the oil and gas exploration company’s stock valued at $10,006,000 after purchasing an additional 127,433 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

NOV Stock Up 1.8%

NOV stock opened at $15.02 on Thursday. NOV Inc. has a 1-year low of $10.84 and a 1-year high of $16.86. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 4.73 and a beta of 1.25. The firm’s fifty day moving average price is $13.42 and its two-hundred day moving average price is $12.96. The company has a current ratio of 2.55, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26.

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

NOV Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, September 12th. NOV’s dividend payout ratio (DPR) is presently 30.00%.

Wall Street Analyst Weigh In

NOV has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered shares of NOV from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $15.00 in a research note on Wednesday, July 30th. Stifel Nicolaus increased their target price on shares of NOV from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Citigroup increased their target price on shares of NOV from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $17.00 target price on shares of NOV in a research note on Tuesday, October 28th. Finally, Barclays raised their price objective on shares of NOV from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.46.

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.