LSV Asset Management Has $36.64 Million Stock Holdings in NOV Inc. $NOV

LSV Asset Management lifted its holdings in NOV Inc. (NYSE:NOV) by 9.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,343,910 shares of the oil and gas exploration company’s stock after purchasing an additional 195,810 shares during the quarter. LSV Asset Management’s holdings in NOV were worth $36,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tejara Capital Ltd grew its position in shares of NOV by 33.1% in the 3rd quarter. Tejara Capital Ltd now owns 670,199 shares of the oil and gas exploration company’s stock valued at $8,880,000 after purchasing an additional 166,692 shares during the period. Monaco Asset Management SAM acquired a new position in shares of NOV in the 3rd quarter valued at approximately $4,969,000. Keybank National Association OH acquired a new position in shares of NOV in the 3rd quarter valued at approximately $3,978,000. American Century Companies Inc. grew its position in shares of NOV by 43.6% in the 3rd quarter. American Century Companies Inc. now owns 7,596,504 shares of the oil and gas exploration company’s stock valued at $100,654,000 after purchasing an additional 2,304,975 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of NOV by 417.4% in the 3rd quarter. GSA Capital Partners LLP now owns 203,251 shares of the oil and gas exploration company’s stock valued at $2,693,000 after purchasing an additional 163,965 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NOV has been the subject of a number of recent research reports. Royal Bank Of Canada upped their price target on NOV from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. TD Cowen raised NOV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NOV in a research report on Friday, March 27th. The Goldman Sachs Group upped their price target on NOV from $17.00 to $20.00 and gave the stock a “sell” rating in a research report on Wednesday, March 4th. Finally, Barclays reaffirmed an “underweight” rating and set a $21.00 price target (up from $20.00) on shares of NOV in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.36.

NOV Stock Performance

Shares of NOV stock opened at $20.81 on Monday. NOV Inc. has a 12-month low of $11.65 and a 12-month high of $21.38. The stock has a market cap of $7.47 billion, a P/E ratio of 86.71 and a beta of 0.92. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $19.62 and its 200-day moving average is $18.09.

NOV (NYSE:NOV) last announced its quarterly earnings data on Tuesday, April 28th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). NOV had a return on equity of 3.34% and a net margin of 1.05%.The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company earned $0.19 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities research analysts predict that NOV Inc. will post 0.91 earnings per share for the current fiscal year.

NOV Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, June 12th. This represents a dividend yield of 173.0%. NOV’s dividend payout ratio is currently 150.00%.

NOV Profile

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.