Blair William & Co. IL Takes Position in NOV Inc. (NYSE:NOV)

Blair William & Co. IL acquired a new stake in shares of NOV Inc. (NYSE:NOV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 14,936 shares of the oil and gas exploration company’s stock, valued at approximately $218,000.

Several other institutional investors also recently bought and sold shares of NOV. Pacer Advisors Inc. boosted its position in NOV by 12,344.0% during the 4th quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company’s stock valued at $179,718,000 after acquiring an additional 12,210,514 shares in the last quarter. First Pacific Advisors LP purchased a new position in NOV in the fourth quarter valued at about $39,495,000. Greenhaven Associates Inc. raised its holdings in NOV by 61.7% in the fourth quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock worth $48,049,000 after purchasing an additional 1,255,666 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of NOV by 22.1% during the fourth quarter. Van ECK Associates Corp now owns 5,182,044 shares of the oil and gas exploration company’s stock valued at $75,658,000 after buying an additional 938,866 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of NOV by 416.5% in the 4th quarter. American Century Companies Inc. now owns 648,506 shares of the oil and gas exploration company’s stock valued at $9,468,000 after buying an additional 522,941 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on NOV shares. Evercore ISI reiterated an “in-line” rating and set a $18.00 price objective (down previously from $25.00) on shares of NOV in a research note on Wednesday, January 15th. ATB Capital reiterated a “sector perform” rating and set a $19.00 price objective on shares of NOV in a report on Tuesday, December 10th. Barclays boosted their target price on NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 18th. Raymond James increased their price target on NOV from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Seaport Res Ptn lowered NOV from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.60.

NOV Price Performance

Shares of NOV opened at $11.92 on Friday. The company has a market capitalization of $4.54 billion, a P/E ratio of 7.40, a P/E/G ratio of 1.02 and a beta of 1.34. The business’s 50-day moving average is $14.91 and its two-hundred day moving average is $15.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 2.46. NOV Inc. has a fifty-two week low of $11.66 and a fifty-two week high of $21.20.

NOV (NYSE:NOV) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%. Research analysts predict that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 annualized dividend and a yield of 2.52%. NOV’s dividend payout ratio is presently 18.63%.

NOV 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.