Eurizon Capital SGR S.p.A. purchased a new stake in NOV Inc. (NYSE:NOV – Free Report) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 84,692 shares of the oil and gas exploration company’s stock, valued at approximately $1,325,000.
A number of other large investors also recently made changes to their positions in the stock. Fideuram Asset Management Ireland dac acquired a new position in shares of NOV in the 4th quarter valued at $113,000. Rothschild Investment LLC increased its stake in NOV by 50.1% in the fourth quarter. Rothschild Investment LLC now owns 2,337 shares of the oil and gas exploration company’s stock valued at $37,000 after purchasing an additional 780 shares in the last quarter. Savant Capital LLC increased its stake in NOV by 8.6% in the fourth quarter. Savant Capital LLC now owns 22,285 shares of the oil and gas exploration company’s stock valued at $348,000 after purchasing an additional 1,760 shares in the last quarter. New Age Alpha Advisors LLC raised its holdings in NOV by 11.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 346,831 shares of the oil and gas exploration company’s stock worth $5,421,000 after purchasing an additional 36,588 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in NOV by 103.4% in the fourth quarter. Hantz Financial Services Inc. now owns 15,928 shares of the oil and gas exploration company’s stock worth $249,000 after purchasing an additional 8,096 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.
NOV Stock Up 2.3%
Shares of NOV stock opened at $20.47 on Wednesday. The firm has a fifty day moving average of $19.85 and a 200-day moving average of $18.30. The company has a quick ratio of 1.66, a current ratio of 2.47 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 $21.38. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 85.27 and a beta of 0.89.
NOV Dividend Announcement
The business also recently disclosed a special dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a dividend yield of 180.0%. NOV’s dividend payout ratio is currently 150.00%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on NOV. TD Cowen upgraded shares of NOV from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Argus upgraded shares of NOV to a “hold” rating in a report on Tuesday, February 10th. Royal Bank Of Canada increased their target price 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. Evercore upgraded shares of NOV to a “hold” rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus increased their target price on shares of NOV from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, NOV presently has an average rating of “Hold” and a consensus target price of $19.36.
View Our Latest Analysis on NOV
NOV Profile
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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