Jefferies Financial Group Inc. Has $1.12 Million Holdings in NOV Inc. (NYSE:NOV)

Jefferies Financial Group Inc. increased its stake in NOV Inc. (NYSE:NOV) by 40.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,504 shares of the oil and gas exploration company’s stock after buying an additional 21,283 shares during the quarter. Jefferies Financial Group Inc.’s holdings in NOV were worth $1,119,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NOV. Commonwealth Equity Services LLC boosted its holdings in shares of NOV by 28.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 25,425 shares of the oil and gas exploration company’s stock valued at $371,000 after buying an additional 5,605 shares during the last quarter. LPL Financial LLC increased its holdings in shares of NOV by 23.7% during the 4th quarter. LPL Financial LLC now owns 59,340 shares of the oil and gas exploration company’s stock worth $866,000 after acquiring an additional 11,364 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NOV by 11.6% during the 4th quarter. JPMorgan Chase & Co. now owns 887,362 shares of the oil and gas exploration company’s stock worth $12,955,000 after acquiring an additional 92,006 shares during the last quarter. Norges Bank acquired a new position in shares of NOV during the 4th quarter worth approximately $7,989,000. Finally, Pictet Asset Management Holding SA increased its holdings in shares of NOV by 14.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 62,893 shares of the oil and gas exploration company’s stock worth $918,000 after acquiring an additional 7,749 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NOV shares. JPMorgan Chase & Co. lowered NOV from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $17.00 to $15.00 in a report on Wednesday, July 30th. Wells Fargo & Company decreased their target price on NOV from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Thursday, June 5th. Morgan Stanley decreased their target price on NOV from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Barclays dropped their price target on NOV from $13.00 to $11.00 and set an “underweight” rating for the company in a report on Wednesday, April 30th. Finally, Susquehanna set a $17.00 price target on NOV and gave the stock a “positive” rating in a report on Wednesday, July 30th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NOV has an average rating of “Hold” and an average price target of $16.69.

NOV Trading Up 0.6%

Shares of NYSE:NOV opened at $12.20 on Tuesday. The company has a market capitalization of $4.53 billion, a P/E ratio of 10.00, a P/E/G ratio of 3.24 and a beta of 1.32. NOV Inc. has a 1 year low of $10.84 and a 1 year high of $18.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72. The business’s 50 day simple moving average is $13.04 and its 200 day simple moving average is $13.55.

NOV (NYSE:NOV) last issued its quarterly earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). NOV had a return on equity of 7.25% and a net margin of 5.36%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the company earned $0.57 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, research analysts anticipate that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.21 per share. This represents a yield of 363.0%. The ex-dividend date was Monday, June 2nd. NOV’s payout ratio is currently 24.59%.

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.