TFO Wealth Partners LLC Has $203,000 Stock Position in NOV Inc. (NYSE:NOV)

TFO Wealth Partners LLC grew its holdings in shares of NOV Inc. (NYSE:NOVFree Report) by 47,585.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,014 shares of the oil and gas exploration company’s stock after buying an additional 9,993 shares during the period. TFO Wealth Partners LLC’s holdings in NOV were worth $203,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. FMR LLC grew its holdings in NOV by 30.9% in the third quarter. FMR LLC now owns 18,514,921 shares of the oil and gas exploration company’s stock worth $386,962,000 after purchasing an additional 4,369,540 shares during the period. Van ECK Associates Corp grew its stake in shares of NOV by 4.2% in the 4th quarter. Van ECK Associates Corp now owns 5,687,556 shares of the oil and gas exploration company’s stock valued at $115,343,000 after buying an additional 231,464 shares during the period. Earnest Partners LLC increased its position in NOV by 4.5% in the 3rd quarter. Earnest Partners LLC now owns 4,143,782 shares of the oil and gas exploration company’s stock valued at $86,605,000 after buying an additional 178,375 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in NOV by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,776,524 shares of the oil and gas exploration company’s stock worth $56,308,000 after buying an additional 130,478 shares during the period. Finally, Heartland Advisors Inc. boosted its holdings in NOV by 4.8% in the fourth quarter. Heartland Advisors Inc. now owns 2,406,296 shares of the oil and gas exploration company’s stock worth $48,800,000 after acquiring an additional 109,370 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NOV has been the topic of a number of research reports. TD Cowen lowered their target price on NOV from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Piper Sandler decreased their target price on shares of NOV from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price target on shares of NOV in a research report on Tuesday, February 6th. Raymond James cut their target price on NOV from $28.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, February 5th. Finally, Susquehanna reaffirmed a “positive” rating and set a $26.00 price objective on shares of NOV in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.07.

View Our Latest Stock Analysis on NOV

NOV Trading Down 5.7 %

NYSE:NOV opened at $17.75 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $19.03 and its 200 day moving average is $18.94. NOV Inc. has a 12 month low of $14.85 and a 12 month high of $21.91. The stock has a market capitalization of $7.02 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 0.59 and a beta of 1.70.

NOV (NYSE:NOVGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas exploration company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.11 billion. NOV had a return on equity of 10.21% and a net margin of 11.23%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS. Sell-side analysts expect that NOV Inc. will post 1.56 earnings per share for the current year.

NOV Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.075 per share. The ex-dividend date is Friday, June 14th. This is a boost from NOV’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 1.69%. NOV’s dividend payout ratio is currently 8.03%.

NOV Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NOV (NYSE:NOV)

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