NOV (NYSE:NOV) Reaches New 52-Week High – Here’s What Happened

Posted by Brian Himes on Jun 13th, 2026

NOV Inc. (NYSE:NOV – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.60 and last traded at $21.4650, with a volume of 804 shares. The stock had previously closed at $21.08.

Analyst Ratings Changes

A number of research firms have commented on NOV. Susquehanna upped their target price on shares of NOV from $22.00 to $24.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $19.00 price target on shares of NOV in a research report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of NOV in a research note on Friday, March 27th. Capital One Financial raised shares of NOV from an “equal weight” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Thursday, June 4th. Finally, Stifel Nicolaus lifted their target price on shares of NOV from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.43.

Read Our Latest Stock Analysis on NOV

NOV Stock Up 0.2%

The business’s 50 day moving average is $20.16 and its 200-day moving average is $18.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.47 and a quick ratio of 1.66. The company has a market cap of $7.59 billion, a PE ratio of 88.16 and a beta of 0.89.

NOV (NYSE:NOV – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The oil and gas exploration company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.05 billion. NOV had a net margin of 1.05% and a return on equity of 3.34%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, analysts predict that NOV Inc. will post 0.9 EPS for the current year.

NOV Announces Dividend

The firm also recently declared a special dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.09 per share. This represents a yield of 170.0%. The ex-dividend date of this dividend is Friday, June 12th. NOV’s payout ratio is 150.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC boosted its holdings in NOV by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 12,484 shares of the oil and gas exploration company’s stock valued at $235,000 after purchasing an additional 541 shares in the last quarter. Altshuler Shaham Ltd boosted its holdings in shares of NOV by 36.8% in the 1st quarter. Altshuler Shaham Ltd now owns 2,030 shares of the oil and gas exploration company’s stock valued at $38,000 after buying an additional 546 shares in the last quarter. Root Financial Partners LLC grew its position in shares of NOV by 39.9% in the 1st quarter. Root Financial Partners LLC now owns 1,937 shares of the oil and gas exploration company’s stock valued at $36,000 after buying an additional 552 shares during the last quarter. State of Michigan Retirement System raised its stake in NOV by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 86,777 shares of the oil and gas exploration company’s stock worth $1,632,000 after acquiring an additional 600 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in NOV by 9.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,384 shares of the oil and gas exploration company’s stock valued at $115,000 after acquiring an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About NOV

(Get Free Report)

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.