NOV Inc. (NYSE:NOV) Stock Holdings Increased by Captrust Financial Advisors

Captrust Financial Advisors boosted its stake in shares of NOV Inc. (NYSE:NOV) by 28.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,794 shares of the oil and gas exploration company’s stock after purchasing an additional 8,666 shares during the period. Captrust Financial Advisors’ holdings in NOV were worth $566,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of NOV by 13.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,793,128 shares of the oil and gas exploration company’s stock valued at $245,178,000 after acquiring an additional 1,934,243 shares in the last quarter. Pacer Advisors Inc. boosted its position in NOV by 12,344.0% during the fourth quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company’s stock valued at $179,718,000 after purchasing an additional 12,210,514 shares during the last quarter. Geode Capital Management LLC grew its stake in NOV by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 6,697,650 shares of the oil and gas exploration company’s stock valued at $97,815,000 after purchasing an additional 302,009 shares in the last quarter. Ameriprise Financial Inc. increased its position in NOV by 40.7% in the 4th quarter. Ameriprise Financial Inc. now owns 5,718,408 shares of the oil and gas exploration company’s stock worth $83,489,000 after purchasing an additional 1,652,917 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in NOV by 22.1% in the 4th quarter. Van ECK Associates Corp now owns 5,182,044 shares of the oil and gas exploration company’s stock worth $75,658,000 after purchasing an additional 938,866 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NOV. The Goldman Sachs Group lowered their price target on NOV from $16.00 to $13.00 and set a “sell” rating for the company in a research note on Thursday, April 10th. Morgan Stanley reduced their target price on shares of NOV from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday. Royal Bank of Canada dropped their price target on shares of NOV from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of NOV from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Finally, Raymond James upped their price objective on shares of NOV from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.

NOV Stock Down 0.7%

NOV opened at $12.81 on Monday. The business has a 50 day moving average of $13.09 and a 200-day moving average of $14.48. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 1.02 and a beta of 1.27. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. NOV Inc. has a 1-year low of $10.84 and a 1-year high of $21.20.

NOV (NYSE:NOV) last issued its quarterly earnings results on Monday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). NOV had a net margin of 7.16% and a return on equity of 9.88%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned $0.30 earnings per share. NOV’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.075 per share. The ex-dividend date was Friday, March 14th. This represents a $0.30 annualized dividend and a yield of 2.34%. NOV’s dividend payout ratio is 20.00%.

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.