Voya Investment Management LLC Raises Position in NOV Inc. $NOV

Voya Investment Management LLC grew its holdings in shares of NOV Inc. (NYSE:NOV) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,413 shares of the oil and gas exploration company’s stock after purchasing an additional 1,309 shares during the quarter. Voya Investment Management LLC’s holdings in NOV were worth $737,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NOV. Banque Cantonale Vaudoise purchased a new position in NOV in the first quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in NOV in the first quarter valued at about $36,000. CX Institutional purchased a new position in NOV in the first quarter valued at about $42,000. Quarry LP raised its position in NOV by 119.7% in the first quarter. Quarry LP now owns 3,407 shares of the oil and gas exploration company’s stock valued at $52,000 after purchasing an additional 1,856 shares during the period. Finally, UMB Bank n.a. raised its position in NOV by 66.7% in the first quarter. UMB Bank n.a. now owns 3,895 shares of the oil and gas exploration company’s stock valued at $59,000 after purchasing an additional 1,558 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

NOV Stock Up 1.4%

NYSE:NOV opened at $13.35 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.58. The stock has a 50-day simple moving average of $12.84 and a 200 day simple moving average of $12.96. NOV Inc. has a one year low of $10.84 and a one year high of $16.86. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 3.78 and a beta of 1.34.

NOV (NYSE:NOV) last issued its earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). NOV had a net margin of 5.36% and a return on equity of 7.25%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. NOV has set its Q3 2025 guidance at EPS. Sell-side analysts predict that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, September 12th. NOV’s payout ratio is presently 24.59%.

Wall Street Analysts Forecast Growth

NOV has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded NOV from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $15.00 in a research note on Wednesday, July 30th. Stifel Nicolaus lowered their target price on NOV from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Wells Fargo & Company lowered their target price on NOV from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Thursday, June 5th. Royal Bank Of Canada lowered their target price on NOV from $19.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Finally, Evercore ISI lowered their target price on NOV from $15.00 to $14.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.56.

NOV Profile

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.