Joseph Rovig Sells 151,086 Shares of NOV (NYSE:NOV) Stock

NOV Inc. (NYSE:NOV) insider Joseph Rovig sold 151,086 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $20.17, for a total value of $3,047,404.62. Following the completion of the sale, the insider directly owned 269,694 shares of the company’s stock, valued at $5,439,727.98. The trade was a 35.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NOV Stock Performance

Shares of NOV stock opened at $20.17 on Thursday. The firm’s fifty day simple moving average is $17.93 and its 200-day simple moving average is $15.37. NOV Inc. has a 12 month low of $10.84 and a 12 month high of $20.85. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 53.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.42 and a quick ratio of 1.67.

NOV (NYSE:NOV) last issued its quarterly earnings data on Thursday, February 5th. The oil and gas exploration company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.23). The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.17 billion. NOV had a return on equity of 3.57% and a net margin of 1.66%.The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, equities analysts forecast that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $0.09 dividend. This is a boost from NOV’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, March 13th. This represents a $0.36 annualized dividend and a yield of 1.8%. NOV’s payout ratio is presently 78.95%.

NOV News Summary

Here are the key news stories impacting NOV this week:

• Positive Sentiment: NOV raised its quarterly dividend to $0.09 (from $0.08), payable Mar 27 with an ex‑dividend date Mar 13 — a modest income boost that can support the share price and attract yield‑seeking investors. MarketBeat: NOV dividend & stock summary
• Positive Sentiment: Selective institutional buying was reported in Q4 (notably Price T. Rowe adding a large position), which can underpin demand even as other funds trim exposure. QuiverQuant: NOV institutional activity
• Neutral Sentiment: Analyst coverage is mixed but provides valuation context — recent price targets cluster around ~$20 (median ~$20), so upgrades/maintains may stabilize trading even if upside is limited. MarketBeat: analyst ratings & targets
• Neutral Sentiment: Q4 revenue ran about $2.28–2.30B (down ~1.3% YoY) — not a large deterioration but consistent with a cautious near‑term backdrop for drilling activity. QuiverQuant: NOV financials & activity
• Negative Sentiment: Large insider selling: President Joseph W. Rovig sold ~151,086 shares (~$3.05M) and VP/Sr. VP Craig Weinstock sold ~70,000 shares (plus an earlier 10,495‑share sale). These sizable, contemporaneous insider dispositions are typically read negatively by the market and likely pressured the stock. SEC filing: Rovig sale InsiderTrades: Weinstock sale
• Negative Sentiment: Operational and earnings concerns linger — NOV missed Q4 EPS expectations earlier this month and analysts highlight softer drilling activity, cautious M&A posture and offshore/wind uncertainty, which can cap near‑term upside. Zacks: analyst commentary on Q4 weakness

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup boosted their target price on NOV from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. The Goldman Sachs Group reiterated a “sell” rating and issued a $17.00 price objective on shares of NOV in a research report on Wednesday, January 14th. Barclays upgraded shares of NOV from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $15.00 to $20.00 in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NOV in a report on Monday, December 29th. Finally, Stifel Nicolaus boosted their price target on shares of NOV from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.36.

Institutional Trading of NOV

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in NOV by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,972,635 shares of the oil and gas exploration company’s stock worth $296,547,000 after buying an additional 394,582 shares during the period. American Century Companies Inc. grew its holdings in shares of NOV by 43.6% in the 3rd quarter. American Century Companies Inc. now owns 7,596,504 shares of the oil and gas exploration company’s stock worth $100,654,000 after acquiring an additional 2,304,975 shares during the period. First Trust Advisors LP increased its stake in NOV by 0.4% in the 4th quarter. First Trust Advisors LP now owns 7,033,947 shares of the oil and gas exploration company’s stock valued at $109,941,000 after purchasing an additional 25,610 shares in the last quarter. First Pacific Advisors LP raised its holdings in NOV by 101.0% during the second quarter. First Pacific Advisors LP now owns 7,018,950 shares of the oil and gas exploration company’s stock worth $87,246,000 after purchasing an additional 3,526,754 shares during the last quarter. Finally, Greenhaven Associates Inc. boosted its position in NOV by 15.4% during the third quarter. Greenhaven Associates Inc. now owns 5,747,682 shares of the oil and gas exploration company’s stock worth $76,157,000 after purchasing an additional 765,166 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

About NOV

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.