Empowered Funds LLC Takes Position in NOV Inc. $NOV

Posted by Francis Steltz on Sep 1st, 2026

Empowered Funds LLC acquired a new position in shares of NOV Inc. (NYSE:NOV – Free Report) in the second quarter, Holdings Channel reports. The institutional investor acquired 260,228 shares of the oil and gas exploration company’s stock, valued at approximately $4,827,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOV. United Capital Financial Advisors LLC acquired a new position in shares of NOV in the second quarter worth approximately $839,000. Public Employees Retirement System of Ohio acquired a new stake in NOV during the 2nd quarter worth about $2,052,000. Capstone Investment Advisors LLC acquired a new stake in NOV during the 2nd quarter worth about $187,000. Parvin Asset Management LLC bought a new position in shares of NOV in the 2nd quarter worth about $1,108,000. Finally, Corient Private Wealth LP bought a new position in shares of NOV in the 2nd quarter worth about $197,000. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Stock Up 1.2%

NOV stock opened at $21.24 on Tuesday. The stock’s 50 day simple moving average is $19.68 and its 200 day simple moving average is $19.74. NOV Inc. has a fifty-two week low of $12.28 and a fifty-two week high of $21.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.61 and a current ratio of 2.42. The company has a market cap of $7.57 billion, a P/E ratio of 81.69 and a beta of 0.92.

NOV (NYSE:NOV – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.14. NOV had a return on equity of 3.44% and a net margin of 1.10%.The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. On average, research analysts expect that NOV Inc. will post 0.99 earnings per share for the current fiscal year.

NOV Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th. NOV’s dividend payout ratio (DPR) is currently 138.46%.

Insider Activity

In related news, Director David D. Harrison sold 9,594 shares of NOV 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 sale, the director 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on NOV. Capital One Financial upgraded 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. Susquehanna lifted their target price on NOV from $22.00 to $24.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Morgan Stanley set a $21.00 price target on NOV in a research note on Wednesday, July 15th. Weiss Ratings restated a “hold (c)” rating on shares of NOV in a report on Wednesday, June 24th. Finally, Citigroup raised their price objective on shares of NOV from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.31.

Get Our Latest Stock Report on NOV

NOV Company 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.