NOV Inc. $NOV Stock Position Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in NOV Inc. (NYSE:NOV) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 186,858 shares of the oil and gas exploration company’s stock after selling 9,145 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NOV were worth $2,323,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its position in NOV by 2.8% in the 2nd quarter. Pzena Investment Management LLC now owns 42,708,890 shares of the oil and gas exploration company’s stock valued at $530,872,000 after purchasing an additional 1,144,486 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of NOV by 2.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 40,487,598 shares of the oil and gas exploration company’s stock worth $616,221,000 after acquiring an additional 833,158 shares during the period. Vanguard Group Inc. lifted its stake in shares of NOV by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company’s stock worth $600,627,000 after acquiring an additional 566,160 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of 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 worth $275,818,000 after acquiring an additional 1,329,327 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of NOV by 88.9% in the 1st 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 acquiring an additional 3,362,853 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NOV. Susquehanna set a $17.00 price target on shares of NOV and gave the stock a “positive” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered shares of NOV from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $17.00 to $15.00 in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NOV in a research note on Saturday. Evercore ISI dropped their target price on shares of NOV from $15.00 to $14.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Finally, Piper Sandler dropped their target price on shares of NOV from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.79.

NOV Stock Performance

NOV stock opened at $13.87 on Friday. The firm’s 50 day simple moving average is $13.08 and its 200-day simple moving average is $12.81. The company has a market cap of $5.15 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 4.12 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 released its earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share 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 business’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.2%. NOV’s payout ratio is presently 24.59%.

NOV Company 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.