Wealth Enhancement Advisory Services LLC Sells 20,099 Shares of NOV Inc. $NOV

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of NOV Inc. (NYSE:NOV) by 35.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,440 shares of the oil and gas exploration company’s stock after selling 20,099 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NOV were worth $477,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake 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 worth $10,006,000 after purchasing an additional 127,433 shares in the last quarter. Canandaigua National Trust Co of Florida boosted its stake in NOV by 114.0% in 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 purchasing an additional 41,235 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in NOV by 64.9% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 101,211 shares of the oil and gas exploration company’s stock worth $1,258,000 after purchasing an additional 39,848 shares in the last quarter. Greenhaven Associates Inc. boosted its stake in NOV by 21.1% in the 2nd quarter. Greenhaven Associates Inc. now owns 4,982,516 shares of the oil and gas exploration company’s stock worth $61,933,000 after purchasing an additional 868,359 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in NOV by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 48,413 shares of the oil and gas exploration company’s stock worth $737,000 after purchasing an additional 1,309 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Trading Up 3.5%

NOV stock opened at $13.70 on Monday. The firm has a 50 day moving average of $12.85 and a 200 day moving average of $12.90. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 3.94 and a beta of 1.26. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $16.86. The company has a current ratio of 2.58, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26.

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

NOV Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NOV shares. Royal Bank Of Canada dropped their price target on shares of NOV from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered NOV from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $17.00 to $15.00 in a research report on Wednesday, July 30th. Susquehanna set a $17.00 target price on NOV and gave the stock a “positive” rating in a research report on Wednesday, July 30th. Evercore ISI decreased their target price on NOV from $15.00 to $14.00 and set an “in-line” rating for the company in a research report on Wednesday, July 30th. Finally, Piper Sandler decreased their target price on NOV from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Seven equities 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.56.

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.