Ethic Inc. Has $1.67 Million Position in NOV Inc. $NOV

Ethic Inc. grew its holdings in NOV Inc. (NYSE:NOV) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,384 shares of the oil and gas exploration company’s stock after purchasing an additional 7,697 shares during the quarter. Ethic Inc.’s holdings in NOV were worth $1,673,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC grew its position in NOV by 2.8% during the second quarter. Pzena Investment Management LLC now owns 42,708,890 shares of the oil and gas exploration company’s stock worth $530,872,000 after buying an additional 1,144,486 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in NOV by 2.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 40,487,598 shares of the oil and gas exploration company’s stock worth $616,221,000 after buying an additional 833,158 shares in the last quarter. Vanguard Group Inc. grew its position in NOV by 1.5% during the first quarter. Vanguard Group Inc. now owns 39,463,027 shares of the oil and gas exploration company’s stock worth $600,627,000 after buying an additional 566,160 shares in the last quarter. Dimensional Fund Advisors LP grew its position in NOV by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company’s stock worth $275,818,000 after buying an additional 1,329,327 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in NOV by 88.9% during the first quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company’s stock worth $107,276,000 after buying an additional 3,362,853 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Stock Down 1.5%

Shares of NOV opened at $13.87 on Friday. The company has a market capitalization of $5.15 billion, a P/E ratio of 11.36, a PEG ratio of 4.12 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.58 and a quick ratio of 1.72. NOV Inc. has a one year low of $10.84 and a one year high of $16.86. The business’s 50 day simple moving average is $13.08 and its 200-day simple moving average is $12.81.

NOV (NYSE:NOV) last posted its quarterly earnings data on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the company posted $0.57 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. NOV has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.30 annualized dividend and a yield of 2.2%. NOV’s dividend payout ratio is currently 24.59%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOV. Evercore ISI decreased their target price on NOV from $15.00 to $14.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. Citigroup lifted their target price on NOV from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NOV in a report on Saturday. Royal Bank Of Canada decreased their price objective on NOV from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Finally, Zacks Research raised NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NOV currently has an average rating of “Hold” and an average target price 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.