Public Employees Retirement System of Ohio Lowers Holdings in NOV Inc. $NOV

Public Employees Retirement System of Ohio decreased its position in NOV Inc. (NYSE:NOV) by 2.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,996 shares of the oil and gas exploration company’s stock after selling 3,279 shares during the period. Public Employees Retirement System of Ohio’s holdings in NOV were worth $1,442,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NOV. GAMMA Investing LLC increased its position in shares of NOV by 111.8% during the second quarter. GAMMA Investing LLC now owns 9,150 shares of the oil and gas exploration company’s stock worth $114,000 after purchasing an additional 4,830 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of NOV by 0.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 1,073,244 shares of the oil and gas exploration company’s stock worth $13,340,000 after purchasing an additional 9,385 shares during the last quarter. CX Institutional raised its holdings in NOV by 2,046.5% in the 2nd quarter. CX Institutional now owns 58,556 shares of the oil and gas exploration company’s stock valued at $728,000 after acquiring an additional 55,828 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in NOV by 18.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 804,961 shares of the oil and gas exploration company’s stock valued at $10,006,000 after acquiring an additional 127,433 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida increased its holdings in shares of NOV by 114.0% during the 2nd quarter. Canandaigua National Trust Co of Florida now owns 77,394 shares of the oil and gas exploration company’s stock worth $962,000 after buying an additional 41,235 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Stock Performance

NOV stock opened at $13.70 on Friday. The firm’s 50 day simple moving average is $12.85 and its 200-day simple moving average is $12.93. The company has a market cap of $5.09 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 3.81 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72. NOV Inc. has a fifty-two week low of $10.84 and a fifty-two week high of $16.86.

NOV (NYSE:NOV) last announced its quarterly earnings data 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). The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.16 billion. NOV had a net margin of 5.36% and a return on equity of 7.25%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. NOV has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that NOV Inc. will post 1.4 EPS for the current year.

NOV Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.2%. NOV’s dividend payout ratio is currently 24.59%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NOV. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NOV in a research report on Saturday, September 27th. Stifel Nicolaus lowered their target price on shares of NOV from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. downgraded shares of 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 report on Wednesday, July 30th. 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. Finally, Piper Sandler cut their price objective on shares of NOV from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock 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.