SG Americas Securities LLC Raises Position in NOV Inc. (NYSE:NOV)

SG Americas Securities LLC increased its holdings in NOV Inc. (NYSE:NOVGet Rating) by 143.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,255 shares of the oil and gas exploration company’s stock after buying an additional 33,121 shares during the period. SG Americas Securities LLC’s holdings in NOV were worth $910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd raised its position in shares of NOV by 94.4% in the first quarter. Covestor Ltd now owns 1,287 shares of the oil and gas exploration company’s stock worth $25,000 after buying an additional 625 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in shares of NOV in the second quarter worth $25,000. Allworth Financial LP raised its position in shares of NOV by 288.6% in the third quarter. Allworth Financial LP now owns 1,531 shares of the oil and gas exploration company’s stock worth $25,000 after buying an additional 1,137 shares in the last quarter. Citizens National Bank Trust Department bought a new position in NOV in the second quarter valued at $48,000. Finally, CWM LLC increased its stake in NOV by 195.0% in the third quarter. CWM LLC now owns 3,174 shares of the oil and gas exploration company’s stock valued at $51,000 after acquiring an additional 2,098 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Insider Activity

In other news, CAO Christy Lynn Novak sold 4,575 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $23.17, for a total transaction of $106,002.75. Following the completion of the transaction, the chief accounting officer now directly owns 64,086 shares of the company’s stock, valued at $1,484,872.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Isaac H. Joseph sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $22.77, for a total value of $56,925.00. Following the completion of the transaction, the insider now owns 190,611 shares in the company, valued at approximately $4,340,212.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Christy Lynn Novak sold 4,575 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $23.17, for a total value of $106,002.75. Following the completion of the transaction, the chief accounting officer now owns 64,086 shares of the company’s stock, valued at approximately $1,484,872.62. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NOV. Susquehanna reduced their target price on NOV from $27.00 to $25.00 in a research note on Monday, October 31st. StockNews.com began coverage on NOV in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley raised NOV from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $21.00 to $24.00 in a research note on Wednesday, January 4th. Susquehanna Bancshares reduced their target price on NOV from $27.00 to $25.00 in a research note on Monday, October 31st. Finally, Citigroup raised NOV from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Wednesday, October 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.67.

NOV Stock Performance

Shares of NYSE:NOV opened at $22.51 on Friday. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 750.58 and a beta of 1.83. The company has a 50-day moving average price of $21.60 and a 200-day moving average price of $19.23. The company has a current ratio of 2.30, a quick ratio of 1.52 and a debt-to-equity ratio of 0.35. NOV Inc. has a 12 month low of $13.98 and a 12 month high of $24.25.

NOV (NYSE:NOVGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The oil and gas exploration company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.81 billion. NOV had a net margin of 0.16% and a return on equity of 0.54%. As a group, equities analysts anticipate that NOV Inc. will post 0.43 EPS for the current year.

NOV Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Thursday, December 8th. NOV’s dividend payout ratio (DPR) is 666.89%.

NOV Profile

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NOV, Inc provides equipment and technology to the upstream oil and gas industry. It operates through the following segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment monitors its capital equipment backlog to plan its business. The Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations and offers services that optimize their performance.

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Institutional Ownership by Quarter for NOV (NYSE:NOV)

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