Greenhaven Associates Inc. Has $48.05 Million Holdings in NOV Inc. (NYSE:NOV)

Greenhaven Associates Inc. raised its holdings in NOV Inc. (NYSE:NOV) by 61.7% in the 4th quarter, HoldingsChannel reports. The firm owned 3,291,042 shares of the oil and gas exploration company’s stock after purchasing an additional 1,255,666 shares during the quarter. NOV accounts for approximately 0.7% of Greenhaven Associates Inc.’s portfolio, making the stock its 15th largest position. Greenhaven Associates Inc.’s holdings in NOV were worth $48,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Deprince Race & Zollo Inc. lifted its position in NOV by 1,194.1% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,706,017 shares of the oil and gas exploration company’s stock worth $32,431,000 after buying an additional 1,574,188 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of NOV by 10.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 581,446 shares of the oil and gas exploration company’s stock valued at $8,489,000 after purchasing an additional 56,665 shares in the last quarter. Barclays PLC raised its position in NOV by 120.1% in the 3rd quarter. Barclays PLC now owns 473,545 shares of the oil and gas exploration company’s stock worth $7,561,000 after purchasing an additional 258,392 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in NOV by 1,590.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 2,735 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in NOV by 519.1% in the 3rd quarter. Bank of Montreal Can now owns 438,068 shares of the oil and gas exploration company’s stock valued at $7,000,000 after buying an additional 367,308 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. ATB Capital reaffirmed a “sector perform” rating and set a $19.00 price target on shares of NOV in a research note on Tuesday, December 10th. TD Cowen reduced their target price on shares of NOV from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Evercore ISI reissued an “in-line” rating and set a $18.00 price target (down from $25.00) on shares of NOV in a research note on Wednesday, January 15th. Bank of America reduced their price objective on shares of NOV from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Wells Fargo & Company dropped their target price on shares of NOV from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.00.

Insider Activity

In related news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $16.10, for a total value of $28,722.40. Following the sale, the director now owns 110,951 shares of the company’s stock, valued at approximately $1,786,311.10. This trade represents a 1.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.85% of the company’s stock.

NOV Stock Down 0.6 %

NOV stock opened at $15.53 on Wednesday. NOV Inc. has a twelve month low of $13.94 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 50 day moving average of $15.24 and a 200-day moving average of $16.44. The stock has a market capitalization of $6.04 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 0.99 and a beta of 1.66.

NOV Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, December 6th. NOV’s dividend payout ratio is 11.07%.

About NOV

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.