Mutual of America Capital Management LLC Has $5.35 Million Stake in NOV Inc. (NYSE:NOV)

Mutual of America Capital Management LLC reduced its stake in NOV Inc. (NYSE:NOVFree Report) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 255,971 shares of the oil and gas exploration company’s stock after selling 29,842 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of NOV worth $5,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. First Horizon Advisors Inc. raised its stake in shares of NOV by 18.6% in the second quarter. First Horizon Advisors Inc. now owns 3,268 shares of the oil and gas exploration company’s stock valued at $52,000 after acquiring an additional 512 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of NOV by 85.4% in the third quarter. CENTRAL TRUST Co now owns 1,259 shares of the oil and gas exploration company’s stock valued at $26,000 after buying an additional 580 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of NOV by 3.3% in the third quarter. Commonwealth Equity Services LLC now owns 18,956 shares of the oil and gas exploration company’s stock valued at $306,000 after buying an additional 598 shares during the last quarter. Covestor Ltd lifted its position in NOV by 94.4% during the 1st quarter. Covestor Ltd now owns 1,287 shares of the oil and gas exploration company’s stock worth $25,000 after buying an additional 625 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in NOV by 19.7% during the 2nd quarter. Fifth Third Bancorp now owns 3,904 shares of the oil and gas exploration company’s stock worth $63,000 after acquiring an additional 642 shares during the last quarter. Institutional investors own 93.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NOV. TD Cowen lowered their target price on NOV from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, February 5th. Barclays cut shares of NOV from an “equal weight” rating to an “underweight” rating and set a $20.00 price objective on the stock. in a research note on Tuesday, October 17th. Stifel Nicolaus cut their price target on NOV from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. raised NOV from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $22.00 to $25.00 in a research note on Friday, December 8th. Finally, ATB Capital set a $33.00 target price on NOV and gave the stock an “outperform” rating in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, NOV has an average rating of “Hold” and an average target price of $24.21.

View Our Latest Research Report on NOV

NOV Trading Down 0.4 %

Shares of NOV stock opened at $17.20 on Monday. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 0.30 and a beta of 1.77. The company’s fifty day simple moving average is $19.57 and its two-hundred day simple moving average is $19.94. NOV Inc. has a 1 year low of $14.05 and a 1 year high of $24.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.51.

NOV (NYSE:NOVGet Free Report) last posted its earnings results on Friday, February 2nd. The oil and gas exploration company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $1.10. NOV had a net margin of 11.57% and a return on equity of 10.79%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts anticipate that NOV Inc. will post 1.63 earnings per share for the current year.

NOV Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Thursday, December 7th. NOV’s dividend payout ratio is currently 7.97%.

NOV Profile

(Free Report)

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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Institutional Ownership by Quarter for NOV (NYSE:NOV)

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