NOV Inc. (NYSE:NOV) Shares Acquired by Privium Fund Management B.V.

Privium Fund Management B.V. boosted its stake in shares of NOV Inc. (NYSE:NOV) by 13.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,889 shares of the oil and gas exploration company’s stock after purchasing an additional 4,964 shares during the quarter. Privium Fund Management B.V.’s holdings in NOV were worth $626,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NOV. UMB Bank n.a. boosted its holdings in shares of NOV by 222.3% during the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock valued at $34,000 after acquiring an additional 1,612 shares during the period. Quarry LP bought a new position in NOV in the 3rd quarter worth about $36,000. Signaturefd LLC increased its stake in shares of NOV by 41.3% in the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock valued at $38,000 after purchasing an additional 756 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of NOV during the fourth quarter valued at approximately $42,000. Finally, R Squared Ltd acquired a new position in shares of NOV during the fourth quarter worth approximately $44,000. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NOV. Seaport Res Ptn downgraded NOV from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 5th. Atb Cap Markets cut shares of NOV from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their target price on shares of NOV from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. ATB Capital restated a “sector perform” rating and set a $19.00 price target on shares of NOV in a research report on Tuesday, December 10th. Finally, Piper Sandler increased their price objective on shares of NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.60.

NOV Price Performance

NYSE NOV opened at $14.71 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. NOV Inc. has a 1 year low of $13.78 and a 1 year high of $21.20. The company has a market cap of $5.60 billion, a PE ratio of 9.13, a PEG ratio of 1.02 and a beta of 1.66. The stock’s 50-day moving average price is $14.96 and its two-hundred day moving average price is $15.47.

NOV (NYSE:NOV) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. On average, analysts predict that NOV Inc. will post 1.4 EPS for the current year.

NOV Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.04%. NOV’s dividend payout ratio is 18.63%.

NOV 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.