NOV Inc. (NYSE:NOV) Stock Holdings Raised by Heartland Advisors Inc.

Heartland Advisors Inc. increased its stake in shares of NOV Inc. (NYSE:NOVFree Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,406,296 shares of the oil and gas exploration company’s stock after acquiring an additional 109,370 shares during the quarter. NOV makes up 2.6% of Heartland Advisors Inc.’s investment portfolio, making the stock its 2nd largest position. Heartland Advisors Inc. owned approximately 0.61% of NOV worth $48,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOV. Commonwealth Equity Services LLC grew its stake in shares of NOV by 15.8% in the third quarter. Commonwealth Equity Services LLC now owns 22,967 shares of the oil and gas exploration company’s stock worth $480,000 after purchasing an additional 3,129 shares during the last quarter. Raymond James & Associates increased its stake in shares of NOV by 49.2% during the third quarter. Raymond James & Associates now owns 295,598 shares of the oil and gas exploration company’s stock valued at $6,178,000 after buying an additional 97,537 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in NOV by 10.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,403 shares of the oil and gas exploration company’s stock worth $364,000 after acquiring an additional 1,594 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in NOV by 14.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,740 shares of the oil and gas exploration company’s stock valued at $1,541,000 after acquiring an additional 9,079 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in NOV by 4.7% during the 3rd quarter. Park Avenue Securities LLC now owns 15,135 shares of the oil and gas exploration company’s stock valued at $316,000 after purchasing an additional 676 shares during the period. Institutional investors own 93.27% of the company’s stock.

NOV Stock Up 0.7 %

NYSE:NOV traded up $0.13 on Tuesday, reaching $18.90. 1,841,581 shares of the stock traded hands, compared to its average volume of 4,134,749. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.80 and a beta of 1.74. The company has a current ratio of 2.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.28. NOV Inc. has a 12 month low of $14.05 and a 12 month high of $21.91. The company’s fifty day simple moving average is $19.01 and its 200 day simple moving average is $19.04.

NOV (NYSE:NOVGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The oil and gas exploration company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. NOV had a net margin of 11.23% and a return on equity of 10.21%. NOV’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. Equities analysts predict that NOV Inc. will post 1.55 EPS for the current fiscal year.

NOV Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, March 13th. NOV’s payout ratio is presently 8.03%.

Analyst Upgrades and Downgrades

NOV has been the topic of a number of research reports. Benchmark lowered shares of NOV from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. TD Cowen decreased their target price on NOV from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Susquehanna restated a “positive” rating and set a $26.00 price target on shares of NOV in a research report on Monday, April 8th. Stifel Nicolaus reduced their price target on NOV from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Finally, StockNews.com upgraded shares of NOV from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NOV has a consensus rating of “Hold” and an average target price of $24.07.

Read Our Latest Report on NOV

Insider Activity

In other news, CAO Christy Lynn Novak sold 3,500 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $17.43, for a total transaction of $61,005.00. Following the sale, the chief accounting officer now owns 114,212 shares of the company’s stock, valued at approximately $1,990,715.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.85% of the company’s stock.

NOV Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NOV (NYSE:NOV)

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