Privium Fund Management B.V. Reduces Holdings in NOV Inc. (NYSE:NOV)

Privium Fund Management B.V. lowered its position in NOV Inc. (NYSE:NOV) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,925 shares of the oil and gas exploration company’s stock after selling 1,794 shares during the quarter. Privium Fund Management B.V.’s holdings in NOV were worth $606,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC increased its stake in shares of NOV by 49.9% in the third quarter. Innealta Capital LLC now owns 15,448 shares of the oil and gas exploration company’s stock worth $247,000 after purchasing an additional 5,140 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in NOV by 176.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 524,781 shares of the oil and gas exploration company’s stock valued at $8,381,000 after buying an additional 334,925 shares in the last quarter. HM Payson & Co. grew its stake in NOV by 2.1% in the 3rd quarter. HM Payson & Co. now owns 49,000 shares of the oil and gas exploration company’s stock valued at $783,000 after buying an additional 1,000 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in NOV by 27.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 12,838 shares of the oil and gas exploration company’s stock valued at $205,000 after acquiring an additional 2,788 shares during the period. Finally, New York State Teachers Retirement System lifted its position in shares of NOV by 1.3% during the third quarter. New York State Teachers Retirement System now owns 528,038 shares of the oil and gas exploration company’s stock worth $8,433,000 after acquiring an additional 6,554 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NOV. Citigroup decreased their price objective on NOV from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus lowered their price target on shares of NOV from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, October 28th. TD Cowen cut their price objective on shares of NOV from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their target price on shares of NOV from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Benchmark reissued a “hold” rating on shares of NOV in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.86.

NOV Trading Down 1.5 %

NYSE NOV opened at $16.28 on Friday. The stock’s 50-day simple moving average is $16.08 and its two-hundred day simple moving average is $17.60. NOV Inc. has a twelve month low of $14.98 and a twelve month high of $21.23. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 0.96 and a beta of 1.66.

NOV Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.075 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.30 dividend on an annualized basis and a yield of 1.84%. NOV’s payout ratio is 11.07%.

NOV Company 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.