Teacher Retirement System of Texas Has $678,000 Stock Position in NOV Inc. $NOV

Teacher Retirement System of Texas lessened its holdings in NOV Inc. (NYSE:NOV) by 51.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,139 shares of the oil and gas exploration company’s stock after selling 54,472 shares during the period. Teacher Retirement System of Texas’ holdings in NOV were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. lifted its position in shares of NOV by 585.8% in the second quarter. American Century Companies Inc. now owns 5,291,529 shares of the oil and gas exploration company’s stock worth $65,774,000 after buying an additional 4,519,957 shares during the last quarter. First Pacific Advisors LP lifted its holdings in NOV by 101.0% in the 2nd 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. Ameriprise Financial Inc. boosted its position in NOV by 401.9% during the second quarter. Ameriprise Financial Inc. now owns 3,165,518 shares of the oil and gas exploration company’s stock worth $39,347,000 after purchasing an additional 2,534,815 shares during the period. First Trust Advisors LP grew its holdings in NOV by 27.2% during the second quarter. First Trust Advisors LP now owns 6,091,095 shares of the oil and gas exploration company’s stock valued at $75,712,000 after purchasing an additional 1,302,214 shares during the last quarter. Finally, Pzena Investment Management LLC raised its position in shares of NOV by 2.8% in the second 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 period. 93.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NOV news, Director Christian S. Kendall purchased 70,000 shares of the stock in a transaction on Friday, November 21st. The shares were purchased at an average price of $14.46 per share, with a total value of $1,012,200.00. Following the acquisition, the director directly owned 85,949 shares of the company’s stock, valued at $1,242,822.54. This represents a 438.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.08% of the stock is owned by corporate insiders.

NOV Trading Up 3.0%

Shares of NOV opened at $19.34 on Thursday. The stock’s 50-day moving average price is $16.86 and its 200 day moving average price is $14.67. The company has a quick ratio of 1.71, a current ratio of 2.55 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 4.99 and a beta of 0.93. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $19.51.

NOV Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, December 5th. NOV’s dividend payout ratio (DPR) is 30.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price objective on shares of NOV in a report on Thursday, January 15th. Morgan Stanley set a $16.00 price target on shares of NOV in a report on Monday, December 15th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $17.00 price target on shares of NOV in a research report on Wednesday, January 14th. Barclays raised NOV from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $15.00 to $20.00 in a research report on Wednesday. Finally, Susquehanna raised their target price on NOV from $17.00 to $20.00 and gave the company a “positive” rating in a report on Wednesday, January 7th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, NOV has an average rating of “Hold” and an average price target of $17.31.

Trending Headlines about NOV

Here are the key news stories impacting NOV this week:

• Positive Sentiment: Strong cash generation and shareholder returns — NOV reported robust operating cash flow ($573M in Q4; $1.25B for 2025) and free cash flow ($472M Q4; $876M FY2025) and returned $505M to shareholders via buybacks and dividends, signaling capital-return commitment. NOV Reports Fourth Quarter and Full-Year 2025 Earnings
• Positive Sentiment: Energy Equipment momentum and backlog — Energy Equipment grew revenue sequentially and continues to post margin expansion; ending backlog for capital equipment remains meaningful at ~$4.34B, supporting future revenue visibility. NOV Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Analyst action — Barclays upgraded NOV from Underweight to Equal Weight and raised its $20 price target, which can lift sentiment and buying interest. Barclays Upgrade (Benzinga)
• Neutral Sentiment: Revenue mix and scale — Q4 revenue rose sequentially (~5% q/q to $2.28B) but was down ~1% y/y for the full year; adjusted EBITDA remains sizeable ($267M Q4; $1.03B FY) though margins contracted versus 2024. NOV Reports Fourth Quarter and Full-Year 2025 Earnings
• Negative Sentiment: Earnings miss and quarterly loss — NOV reported Q4 GAAP EPS of $0.02, well below consensus (~$0.25) and posted a Q4 net loss of $78M (~$0.21/sh), driving near-term disappointment. Nov Inc. (NOV) Q4 Earnings Lag Estimates
• Negative Sentiment: Lower profitability and one‑offs — Adjusted EBITDA declined y/y (12% Q4 decline) and the company recorded $86M in pre-tax other items (including impairments), plus a higher effective tax rate that compressed net income. NOV Reports Fourth Quarter and Full-Year 2025 Earnings
• Negative Sentiment: Near-term outlook cautious — Management expects Q1 revenue down 1–3% y/y and adj. EBITDA of $200–$225M, and warns of an oversupplied oil market and customer budget caution that could delay aftermarket demand. NOV Reports Fourth Quarter and Full-Year 2025 Earnings

NOV Profile

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.