NOV Inc. (NYSE:NOV) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in NOV Inc. (NYSE:NOV) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,280 shares of the oil and gas exploration company’s stock after purchasing an additional 580 shares during the period. Nisa Investment Advisors LLC’s holdings in NOV were worth $1,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. CENTRAL TRUST Co grew its position in shares of NOV by 85.4% during the third quarter. CENTRAL TRUST Co now owns 1,259 shares of the oil and gas exploration company’s stock worth $26,000 after buying an additional 580 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in NOV by 3.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,956 shares of the oil and gas exploration company’s stock valued at $306,000 after acquiring an additional 598 shares during the last quarter. Covestor Ltd grew its holdings in NOV by 94.4% during the 1st quarter. Covestor Ltd now owns 1,287 shares of the oil and gas exploration company’s stock worth $25,000 after acquiring an additional 625 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of NOV by 3.2% in the 2nd quarter. Kestra Advisory Services LLC now owns 21,269 shares of the oil and gas exploration company’s stock valued at $341,000 after purchasing an additional 653 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of NOV by 4.7% during the third quarter. Park Avenue Securities LLC now owns 15,135 shares of the oil and gas exploration company’s stock worth $316,000 after purchasing an additional 676 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Activity at NOV

In other NOV news, CAO Christy Lynn Novak sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $17.43, for a total value of $61,005.00. Following the completion of the sale, the chief accounting officer now directly owns 114,212 shares in the company, valued at $1,990,715.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.59% of the company’s stock.

NOV Stock Down 2.3 %

Shares of NOV stock opened at $19.17 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.51. NOV Inc. has a 1-year low of $14.05 and a 1-year high of $21.91. The business’s fifty day moving average price is $18.34 and its two-hundred day moving average price is $19.22. The company has a market capitalization of $7.58 billion, a P/E ratio of 7.64, a PEG ratio of 0.37 and a beta of 1.74.

NOV (NYSE:NOV) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas exploration company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $1.10. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. NOV had a net margin of 11.57% and a return on equity of 10.79%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. As a group, research analysts forecast that NOV Inc. will post 1.54 EPS for the current year.

NOV Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, March 13th. NOV’s dividend payout ratio (DPR) is presently 7.97%.

Analysts Set New Price Targets

Several brokerages have issued reports on NOV. Susquehanna restated a “positive” rating and set a $26.00 price objective on shares of NOV in a research note on Monday, April 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price objective on shares of NOV in a report on Tuesday, February 6th. StockNews.com raised shares of NOV from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Piper Sandler decreased their price target on shares of NOV from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 20th. Finally, Stifel Nicolaus dropped their price objective on shares of NOV from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.36.

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.