Tejara Capital Ltd Grows Position in NOV Inc. (NYSE:NOV)

Tejara Capital Ltd grew its position in NOV Inc. (NYSE:NOV) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 572,032 shares of the oil and gas exploration company’s stock after purchasing an additional 4,432 shares during the quarter. NOV makes up approximately 5.4% of Tejara Capital Ltd’s portfolio, making the stock its 4th largest holding. Tejara Capital Ltd owned 0.15% of NOV worth $8,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NOV. Pacer Advisors Inc. raised its position in shares of NOV by 12,344.0% in the fourth quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company’s stock valued at $179,718,000 after purchasing an additional 12,210,514 shares during the period. Pzena Investment Management LLC increased its position in NOV by 22.3% during the third quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company’s stock worth $687,143,000 after acquiring an additional 7,851,220 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in NOV by 23.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 37,153,173 shares of the oil and gas exploration company’s stock worth $593,336,000 after acquiring an additional 6,963,660 shares during the period. First Pacific Advisors LP bought a new position in NOV during the fourth quarter worth $39,495,000. Finally, Weiss Asset Management LP bought a new position in NOV during the third quarter worth $35,709,000. Institutional investors own 93.27% of the company’s stock.

NOV Stock Up 2.1 %

Shares of NYSE:NOV opened at $14.61 on Tuesday. NOV Inc. has a 52 week low of $13.78 and a 52 week high of $21.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 2.46. The company’s fifty day moving average is $14.97 and its 200-day moving average is $15.49. The company has a market capitalization of $5.56 billion, a PE ratio of 9.07, a P/E/G ratio of 1.02 and a beta of 1.66.

NOV (NYSE:NOV) last issued its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. Equities research analysts predict that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.075 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.05%. NOV’s dividend payout ratio is presently 18.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NOV. Seaport Res Ptn lowered shares of NOV from a “strong-buy” rating to a “hold” rating in a research report on Sunday, January 5th. Evercore ISI reaffirmed an “in-line” rating and set a $18.00 target price (down previously from $25.00) on shares of NOV in a research report on Wednesday, January 15th. ATB Capital reaffirmed a “sector perform” rating and set a $19.00 target price on shares of NOV in a research report on Tuesday, December 10th. Piper Sandler boosted their target price on shares of NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Barclays boosted their target price on shares of NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NOV currently has a consensus rating of “Hold” and an average target price of $19.60.

NOV Profile

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.