Paragon Capital Management Ltd Takes $198,000 Position in NOV Inc. $NOV

Paragon Capital Management Ltd purchased a new position in shares of NOV Inc. (NYSE:NOV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,966 shares of the oil and gas exploration company’s stock, valued at approximately $198,000.

A number of other hedge funds have also modified their holdings of the business. AQR Capital Management LLC boosted its stake in NOV by 88.9% during the first quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company’s stock worth $107,276,000 after buying an additional 3,362,853 shares during the period. Nuveen LLC purchased a new position in NOV during the 1st quarter worth $33,742,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of NOV during the 1st quarter worth $23,589,000. Dimensional Fund Advisors LP grew its stake in NOV by 7.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company’s stock valued at $275,818,000 after acquiring an additional 1,329,327 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in NOV in the 1st quarter valued at about $19,915,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

NOV Price Performance

NOV stock opened at $13.45 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.58 and a debt-to-equity ratio of 0.26. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $16.86. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 3.87 and a beta of 1.34. The business’s 50-day simple moving average is $12.85 and its 200 day simple moving average is $12.95.

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

NOV Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.075 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.30 annualized dividend and a yield of 2.2%. NOV’s payout ratio is 24.59%.

Wall Street Analyst Weigh In

NOV has been the topic of several research reports. Susquehanna set a $17.00 price target on shares of NOV and gave the company a “positive” rating in a report on Wednesday, July 30th. Wells Fargo & Company lowered their target price on NOV from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Thursday, June 5th. JPMorgan Chase & Co. cut 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 reduced their price target on NOV from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Finally, Evercore ISI reduced their target price on NOV from $15.00 to $14.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.