Vest Financial LLC Purchases 130,288 Shares of NOV Inc. $NOV

Vest Financial LLC lifted its position in shares of NOV Inc. (NYSE:NOV) by 82.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 287,784 shares of the oil and gas exploration company’s stock after purchasing an additional 130,288 shares during the period. Vest Financial LLC’s holdings in NOV were worth $3,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in NOV by 88.9% in the first quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company’s stock valued at $107,276,000 after acquiring an additional 3,362,853 shares during the last quarter. Nuveen LLC bought a new stake in NOV in the first quarter valued at approximately $33,742,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in NOV in the first quarter valued at approximately $23,589,000. Dimensional Fund Advisors LP boosted its holdings in NOV by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company’s stock valued at $275,818,000 after acquiring an additional 1,329,327 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in NOV in the first quarter valued at approximately $19,915,000. 93.27% of the stock is currently owned by institutional investors.

NOV Price Performance

NOV stock opened at $12.73 on Tuesday. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 3.56 and a beta of 1.26. NOV Inc. has a 52-week low of $10.84 and a 52-week high of $16.86. The stock’s 50 day moving average price is $12.90 and its two-hundred day moving average price is $12.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.58.

NOV (NYSE:NOV) last issued its earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share 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 firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the company earned $0.57 earnings per share. NOV’s revenue for the quarter was down 1.3% compared to the same quarter last year. NOV has set its Q3 2025 guidance at EPS. On average, equities analysts predict that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, September 12th. NOV’s dividend payout ratio is presently 24.59%.

Analysts Set New Price Targets

NOV has been the topic of several analyst reports. Zacks Research upgraded NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Stifel Nicolaus reduced their target price on NOV from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Susquehanna set a $17.00 target price on NOV and gave the company a “positive” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “hold (c-)” rating on shares of NOV in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut their price target on NOV from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.79.

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.