TD Asset Management Inc Has $1.75 Million Position in NOV Inc. (NYSE:NOV)

TD Asset Management Inc grew its position in NOV Inc. (NYSE:NOVFree Report) by 79.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,278 shares of the oil and gas exploration company’s stock after purchasing an additional 38,278 shares during the period. TD Asset Management Inc’s holdings in NOV were worth $1,750,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. CWM LLC grew its stake in NOV by 10.8% during the fourth quarter. CWM LLC now owns 5,480 shares of the oil and gas exploration company’s stock worth $111,000 after buying an additional 536 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in NOV by 1.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 50,280 shares of the oil and gas exploration company’s stock valued at $1,020,000 after purchasing an additional 580 shares in the last quarter. Treasurer of the State of North Carolina raised its position in NOV by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 172,288 shares of the oil and gas exploration company’s stock valued at $3,601,000 after purchasing an additional 870 shares during the last quarter. PAX Financial Group LLC boosted its stake in NOV by 5.4% in the third quarter. PAX Financial Group LLC now owns 18,352 shares of the oil and gas exploration company’s stock worth $384,000 after purchasing an additional 944 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of NOV by 0.4% during the fourth quarter. Amalgamated Bank now owns 251,686 shares of the oil and gas exploration company’s stock worth $5,104,000 after purchasing an additional 1,034 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

NOV has been the subject of a number of research analyst reports. Piper Sandler cut their price target on NOV from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 20th. Susquehanna reaffirmed a “positive” rating and issued a $26.00 target price on shares of NOV in a research note on Monday, April 8th. Finally, TD Cowen decreased their price target on shares of NOV from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.07.

Get Our Latest Research Report on NOV

NOV Stock Down 0.5 %

NYSE:NOV opened at $17.32 on Friday. The stock’s fifty day simple moving average is $18.87 and its 200-day simple moving average is $18.89. The firm has a market capitalization of $6.85 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.54 and a beta of 1.70. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.28. NOV Inc. has a 12-month low of $14.85 and a 12-month high of $21.91.

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

NOV Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from NOV’s previous quarterly dividend of $0.05. NOV’s dividend payout ratio is presently 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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