Jefferies Financial Group Inc. Invests $762,000 in NOV Inc. (NYSE:NOV)

Jefferies Financial Group Inc. bought a new position in NOV Inc. (NYSE:NOV) in the 4th quarter, Holdings Channel.com reports. The firm bought 52,221 shares of the oil and gas exploration company’s stock, valued at approximately $762,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank boosted its position in shares of NOV by 88.7% in the fourth quarter. Huntington National Bank now owns 2,200 shares of the oil and gas exploration company’s stock worth $32,000 after buying an additional 1,034 shares during the period. Covestor Ltd boosted its position in shares of NOV by 282.9% in the fourth quarter. Covestor Ltd now owns 2,240 shares of the oil and gas exploration company’s stock worth $33,000 after buying an additional 1,655 shares during the period. UMB Bank n.a. boosted its position in shares of NOV by 222.3% in the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 1,612 shares during the period. Signaturefd LLC boosted its position 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 worth $38,000 after buying an additional 756 shares during the period. Finally, CoreFirst Bank & Trust purchased a new stake in shares of NOV in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

NOV Stock Down 1.8%

Shares of NOV stock opened at $12.88 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $13.12 and its 200-day simple moving average is $14.52. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.02 and a beta of 1.27. NOV Inc. has a twelve month low of $10.84 and a twelve month high of $21.20.

NOV (NYSE:NOV) last announced its quarterly earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.11 billion. NOV had a return on equity of 9.88% and a net margin of 7.16%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Equities research analysts forecast that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, March 14th. NOV’s payout ratio is 20.00%.

Analyst Ratings Changes

Several research firms recently commented on NOV. Royal Bank of Canada cut their price target on NOV from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Raymond James boosted their price target on NOV from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price target on NOV from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on NOV from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Finally, Susquehanna cut their price target on NOV from $21.00 to $19.00 and set a “positive” rating on the stock in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NOV has a consensus rating of “Hold” and an average target price of $18.00.

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.