Nisa Investment Advisors LLC Sells 4,541 Shares of NOV Inc. $NOV

Nisa Investment Advisors LLC reduced its holdings in shares of NOV Inc. (NYSE:NOV) by 13.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,419 shares of the oil and gas exploration company’s stock after selling 4,541 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NOV were worth $378,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D lifted its holdings in NOV by 19.9% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 154,761 shares of the oil and gas exploration company’s stock worth $1,924,000 after purchasing an additional 25,708 shares during the last quarter. AlphaQuest LLC raised its holdings in NOV by 15.5% in the 2nd quarter. AlphaQuest LLC now owns 20,655 shares of the oil and gas exploration company’s stock valued at $257,000 after acquiring an additional 2,769 shares in the last quarter. Ethic Inc. raised its holdings in NOV by 6.2% in the 2nd quarter. Ethic Inc. now owns 131,384 shares of the oil and gas exploration company’s stock valued at $1,673,000 after acquiring an additional 7,697 shares in the last quarter. Privium Fund Management B.V. raised its holdings in NOV by 28.4% in the 2nd quarter. Privium Fund Management B.V. now owns 63,876 shares of the oil and gas exploration company’s stock valued at $825,000 after acquiring an additional 14,131 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in NOV in the 2nd quarter valued at $945,000. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Stock Performance

Shares of NOV stock opened at $14.59 on Monday. The company has a market cap of $5.42 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 4.73 and a beta of 1.26. NOV Inc. has a 52 week low of $10.84 and a 52 week high of $16.86. The business has a 50 day moving average price of $13.31 and a 200-day moving average price of $12.92. The company has a quick ratio of 1.72, a current ratio of 2.55 and a debt-to-equity ratio of 0.26.

NOV (NYSE:NOV) last issued its quarterly earnings data on Monday, October 27th. The oil and gas exploration company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. NOV had a return on equity of 5.89% and a net margin of 4.36%.The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. NOV has set its Q4 2025 guidance at EPS. Equities analysts anticipate that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Announces Dividend

The firm also recently declared 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. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. NOV’s dividend payout ratio (DPR) is presently 30.00%.

Wall Street Analysts Forecast Growth

NOV has been the subject of a number of research analyst reports. Zacks Research raised NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Royal Bank Of Canada upped their target price on NOV from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday. Stifel Nicolaus upped their price target on NOV from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup boosted their price objective on NOV from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of NOV in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, NOV currently has an average rating of “Hold” and an average price target of $15.38.

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.