NOV Inc. $NOV Stock Holdings Increased by Gendell Jeffrey L

Gendell Jeffrey L boosted its holdings in shares of NOV Inc. (NYSE:NOV) by 49.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 387,891 shares of the oil and gas exploration company’s stock after purchasing an additional 128,716 shares during the period. Gendell Jeffrey L owned approximately 0.10% of NOV worth $4,821,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NOV. Signaturefd LLC lifted its position in shares of NOV by 33.2% during the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 931 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of NOV by 9.6% during the first quarter. Vident Advisory LLC now owns 12,860 shares of the oil and gas exploration company’s stock valued at $196,000 after purchasing an additional 1,126 shares during the last quarter. Keeley Teton Advisors LLC lifted its holdings in shares of NOV by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 107,317 shares of the oil and gas exploration company’s stock valued at $1,633,000 after purchasing an additional 1,128 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in NOV by 30.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,937 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in NOV by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 48,413 shares of the oil and gas exploration company’s stock worth $737,000 after purchasing an additional 1,309 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

NOV Trading Down 1.5%

Shares of NYSE:NOV opened at $16.38 on Friday. The firm has a fifty day moving average of $14.72 and a two-hundred day moving average of $13.57. The company has a quick ratio of 1.71, a current ratio of 2.55 and a debt-to-equity ratio of 0.26. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $16.96. The firm has a market capitalization of $5.98 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 5.29 and a beta of 0.97.

NOV (NYSE:NOV) last posted its quarterly earnings results on Tuesday, October 28th. 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 return on equity of 5.89% and a net margin of 4.36%.The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. On average, equities analysts expect that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, December 5th. NOV’s payout ratio is currently 30.00%.

Analyst Ratings Changes

Several research analysts have commented on NOV shares. Raymond James Financial reiterated an “outperform” rating and issued a $17.00 target price on shares of NOV in a report on Tuesday, October 28th. Royal Bank Of Canada upped their price target on shares of NOV from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Zacks Research upgraded shares of NOV from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Stifel Nicolaus boosted their target price on shares of NOV from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Citigroup increased their target price on NOV from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.33.

Insider Activity at NOV

In other news, Director Christian S. Kendall purchased 70,000 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average price of $14.46 per share, with a total value of $1,012,200.00. Following the purchase, the director owned 85,949 shares in the company, valued at $1,242,822.54. This represents a 438.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.08% of the company’s stock.

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.