AXQ Capital LP Takes $436,000 Position in NOV Inc. $NOV

AXQ Capital LP bought a new position in shares of NOV Inc. (NYSE:NOV) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 32,884 shares of the oil and gas exploration company’s stock, valued at approximately $436,000.

Several other hedge funds have also added to or reduced their stakes in NOV. Royal Bank of Canada lifted its position in NOV by 15.6% during the 1st quarter. Royal Bank of Canada now owns 49,721 shares of the oil and gas exploration company’s stock valued at $756,000 after purchasing an additional 6,711 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NOV by 35.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,927 shares of the oil and gas exploration company’s stock worth $2,465,000 after buying an additional 42,462 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NOV by 17.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,062,292 shares of the oil and gas exploration company’s stock valued at $16,168,000 after buying an additional 157,385 shares during the period. Focus Partners Wealth bought a new position in NOV in the first quarter valued at approximately $214,000. Finally, AlphaQuest LLC grew its holdings in NOV by 15.5% during the 2nd quarter. AlphaQuest LLC now owns 20,655 shares of the oil and gas exploration company’s stock worth $257,000 after acquiring an additional 2,769 shares during the period. Institutional investors own 93.27% of the company’s stock.

NOV Trading Down 2.3%

NYSE:NOV opened at $20.17 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.42 and a quick ratio of 1.67. The business’s 50-day simple moving average is $17.93 and its 200-day simple moving average is $15.37. NOV Inc. has a fifty-two week low of $10.84 and a fifty-two week high of $20.85. The stock has a market capitalization of $7.27 billion, a PE ratio of 53.07 and a beta of 0.93.

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

NOV Increases Dividend

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

Insider Transactions at NOV

In other news, insider Joseph W. Rovig sold 151,086 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $20.17, for a total transaction of $3,047,404.62. Following the completion of the transaction, the insider directly owned 269,694 shares of the company’s stock, valued at $5,439,727.98. This represents a 35.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Craig L. Weinstock sold 70,000 shares of NOV stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $20.08, for a total value of $1,405,600.00. Following the completion of the sale, the vice president directly owned 256,319 shares in the company, valued at approximately $5,146,885.52. This represents a 21.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NOV. Weiss Ratings reissued a “hold (c)” rating on shares of NOV in a research note on Monday, December 29th. Morgan Stanley set a $16.00 target price on NOV in a research note on Monday, December 15th. Evercore set a $19.00 target price on NOV in a research report on Friday, February 6th. Piper Sandler increased their price target on shares of NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $17.00 price objective on shares of NOV in a research note on Wednesday, January 14th. 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.36.

Trending Headlines about NOV

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

NOV Company 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.