Ceredex Value Advisors LLC Takes $9.77 Million Position in NOV Inc. $NOV

Posted by Stanley Muller on Aug 22nd, 2026

Ceredex Value Advisors LLC purchased a new position in NOV Inc. (NYSE:NOV – Free Report) during the 2nd quarter, Holdings Channel reports. The firm purchased 526,900 shares of the oil and gas exploration company’s stock, valued at approximately $9,774,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC raised its holdings 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 worth $36,000 after buying an additional 552 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of NOV during the 2nd quarter worth approximately $37,000. Altshuler Shaham Ltd boosted its stake in 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. Summit Securities Group LLC bought a new stake in NOV in the first quarter valued at $40,000. Finally, CIBC Private Wealth Group LLC grew its position in NOV by 659.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,278 shares of the oil and gas exploration company’s stock valued at $36,000 after acquiring an additional 1,978 shares during the period. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

NOV has been the subject of several analyst reports. TD Cowen lifted their price target on shares of NOV from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Morgan Stanley set a $21.00 price objective on shares of NOV in a report on Wednesday, July 15th. Royal Bank Of Canada lifted their target price on shares of NOV from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of NOV in a report on Wednesday, June 24th. Finally, Evercore upgraded NOV to a “hold” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.31.

Get Our Latest Report on NOV

Insider Buying and Selling at NOV

In related news, Director David D. Harrison sold 9,594 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $19.21, for a total value of $184,300.74. Following the completion of the transaction, the director directly owned 126,763 shares of the company’s stock, valued at approximately $2,435,117.23. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.15% of the stock is owned by company insiders.

NOV Stock Up 0.9%

NYSE:NOV opened at $20.46 on Friday. NOV Inc. has a 1 year low of $12.28 and a 1 year high of $21.67. The company has a current ratio of 2.42, a quick ratio of 1.61 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 78.69 and a beta of 0.92. The stock has a 50-day moving average price of $19.53 and a two-hundred day moving average price of $19.66.

NOV (NYSE:NOV – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.08 billion. NOV had a net margin of 1.10% and a return on equity of 3.44%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. As a group, equities analysts expect that NOV Inc. will post 0.97 earnings per share for the current year.

NOV Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, September 11th. NOV’s dividend payout ratio (DPR) is currently 138.46%.

About NOV

(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.