NOV Inc. (NOV) To Go Ex-Dividend on September 12th

NOV Inc. (NYSE:NOV) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Friday, September 12th will be paid a dividend of 0.075 per share by the oil and gas exploration company on Friday, September 26th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, September 12th.

NOV has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NOV to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 18.2%.

NOV Price Performance

Shares of NYSE NOV opened at $13.04 on Wednesday. The company has a current ratio of 2.58, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $12.91 and its 200-day moving average price is $13.09. The firm has a market capitalization of $4.84 billion, a P/E ratio of 10.69, a P/E/G ratio of 3.79 and a beta of 1.34. NOV has a 1-year low of $10.84 and a 1-year high of $17.12.

NOV (NYSE:NOV) last posted its earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.16 billion. NOV had a return on equity of 7.25% and a net margin of 5.36%.The company’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. NOV has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that NOV will post 1.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NOV

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of NOV during the first quarter valued at about $36,000. Exchange Traded Concepts LLC grew its holdings in shares of NOV by 382.9% during the first quarter. Exchange Traded Concepts LLC now owns 18,201 shares of the oil and gas exploration company’s stock valued at $277,000 after buying an additional 14,432 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of NOV by 172.9% during the first quarter. GAMMA Investing LLC now owns 4,320 shares of the oil and gas exploration company’s stock valued at $66,000 after buying an additional 2,737 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of NOV by 1.5% during the first quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company’s stock valued at $600,627,000 after buying an additional 566,160 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in NOV by 15.1% during the first quarter. Envestnet Asset Management Inc. now owns 669,077 shares of the oil and gas exploration company’s stock valued at $10,183,000 after purchasing an additional 87,909 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

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.