De Lisle Partners LLP Makes New $870,000 Investment in NOV Inc. $NOV

De Lisle Partners LLP acquired a new stake in NOV Inc. (NYSE:NOV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 70,000 shares of the oil and gas exploration company’s stock, valued at approximately $870,000.

A number of other hedge funds have also recently bought and sold shares of the company. Canandaigua National Trust Co of Florida grew its position in shares of NOV by 114.0% in the second 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 purchasing an additional 41,235 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in 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 worth $1,258,000 after buying an additional 39,848 shares during the last quarter. Empowered Funds LLC grew its holdings in 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 buying an additional 488,027 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of NOV by 18.8% during 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 acquiring an additional 127,433 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of NOV by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company’s stock worth $600,627,000 after acquiring an additional 566,160 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NOV shares. The Goldman Sachs Group boosted their target price on shares of NOV from $12.00 to $14.00 and gave the company a “sell” rating in a report on Wednesday, November 5th. Piper Sandler dropped their price objective on NOV from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Barclays cut their target price on NOV from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 11th. Citigroup boosted their price target on NOV from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Finally, Royal Bank Of Canada raised their price objective on NOV from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Five investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.54.

NOV Stock Up 1.8%

Shares of NOV stock opened at $15.36 on Friday. NOV Inc. has a twelve month low of $10.84 and a twelve month high of $16.66. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 4.73 and a beta of 1.25. The company has a current ratio of 2.55, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $14.15 and a 200 day moving average price of $13.32.

NOV (NYSE:NOV) last issued its quarterly earnings data on Tuesday, October 28th. The oil and gas exploration company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). NOV had a return on equity of 5.89% and a net margin of 4.36%.During the same period last year, the firm posted $0.33 EPS. The firm’s revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, December 5th. NOV’s dividend payout ratio is currently 30.00%.

Insider Transactions at NOV

In other news, Director Christian S. Kendall acquired 70,000 shares of the stock in a transaction on Friday, November 21st. The stock was bought at an average price of $14.46 per share, with a total value of $1,012,200.00. Following the completion of the transaction, the director directly owned 85,949 shares of the company’s stock, valued at $1,242,822.54. The trade was a 438.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.08% of the stock is owned by company insiders.

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.