Inceptionr LLC Acquires Shares of 31,296 NOV Inc. $NOV

Posted by on Jul 26th, 2026

Inceptionr LLC acquired a new stake in shares of NOV Inc. (NYSE:NOV – Free Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 31,296 shares of the oil and gas exploration company’s stock, valued at approximately $589,000.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada grew its position in NOV by 15.6% in the 1st quarter. Royal Bank of Canada now owns 49,721 shares of the oil and gas exploration company’s stock valued at $756,000 after purchasing an additional 6,711 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NOV by 35.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,927 shares of the oil and gas exploration company’s stock worth $2,465,000 after buying an additional 42,462 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of NOV by 17.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,062,292 shares of the oil and gas exploration company’s stock valued at $16,168,000 after buying an additional 157,385 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of NOV during the first quarter valued at approximately $214,000. Finally, Cetera Investment Advisers purchased a new stake in NOV in the 2nd quarter valued at $190,000. 93.27% of the stock is currently owned by institutional investors.

NOV Stock Performance

Shares of NOV opened at $20.75 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.27. NOV Inc. has a 12-month low of $11.77 and a 12-month high of $21.55. The company has a market cap of $7.45 billion, a PE ratio of 86.45 and a beta of 0.91. The stock has a 50-day moving average price of $19.74 and a 200-day moving average price of $19.34.

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

NOV Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a dividend yield of 170.0%. NOV’s dividend payout ratio is 150.00%.

Analyst Ratings Changes

Several research analysts recently weighed in on NOV shares. Royal Bank Of Canada boosted their price target on shares of NOV from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Capital One Financial raised shares of NOV from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Thursday, June 4th. The Goldman Sachs Group set a $19.00 target price on NOV in a research note on Wednesday, June 3rd. TD Cowen raised NOV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Evercore upgraded NOV to a “hold” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.50.

Read Our Latest Analysis on NOV

NOV Profile

(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.

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Institutional Ownership by Quarter for NOV (NYSE:NOV)

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