NOV Inc. (NYSE:NOV) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in shares of NOV Inc. (NYSE:NOV) by 10.6% during the fourth quarter, Holdings Channel reports. The fund owned 73,061 shares of the oil and gas exploration company’s stock after purchasing an additional 7,010 shares during the quarter. WINTON GROUP Ltd’s holdings in NOV were worth $1,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOV. UMB Bank n.a. boosted its stake in shares of NOV by 222.3% during the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 1,612 shares during the last quarter. Quarry LP purchased a new position in shares of NOV during the third quarter valued at approximately $36,000. Signaturefd LLC boosted its position in NOV by 41.3% during the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock worth $38,000 after acquiring an additional 756 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in NOV during the fourth quarter worth approximately $41,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in NOV in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

NOV Trading Down 2.1 %

Shares of NOV opened at $14.96 on Friday. NOV Inc. has a 12 month low of $13.78 and a 12 month high of $21.20. The stock’s 50-day moving average is $15.00 and its two-hundred day moving average is $15.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.64. The stock has a market cap of $5.70 billion, a PE ratio of 9.29, a P/E/G ratio of 1.02 and a beta of 1.66.

NOV (NYSE:NOV) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, topping 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%. Equities analysts forecast that NOV Inc. will post 1.4 earnings per share for the current fiscal 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 paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, March 14th. NOV’s dividend payout ratio (DPR) is 18.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NOV shares. Piper Sandler raised their price objective on NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. ATB Capital reissued a “sector perform” rating and issued a $19.00 price target on shares of NOV in a research note on Tuesday, December 10th. Barclays upped their price objective on shares of NOV from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Tuesday, February 18th. Evercore ISI reissued an “in-line” rating and issued a $18.00 target price (down from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Finally, Atb Cap Markets lowered shares of NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.60.

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.