NOV Inc. (NYSE:NOV) Holdings Raised by Privium Fund Management B.V.

Privium Fund Management B.V. grew its stake in shares of NOV Inc. (NYSE:NOV) by 13.1% during the 4th quarter, HoldingsChannel reports. The fund owned 42,889 shares of the oil and gas exploration company’s stock after acquiring an additional 4,964 shares during the period. Privium Fund Management B.V.’s holdings in NOV were worth $626,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in shares of NOV by 12,344.0% during the 4th 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 buying an additional 12,210,514 shares during the last quarter. Pzena Investment Management LLC lifted its stake in NOV by 22.3% in the third quarter. Pzena Investment Management LLC now owns 43,027,106 shares of the oil and gas exploration company’s stock valued at $687,143,000 after acquiring an additional 7,851,220 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in NOV by 23.1% in 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 in the last quarter. First Pacific Advisors LP acquired a new position in shares of NOV during the 4th quarter worth $39,495,000. Finally, Weiss Asset Management LP bought a new position in shares of NOV during the 3rd quarter valued at $35,709,000. 93.27% of the stock is owned by institutional investors and hedge funds.

NOV Trading Up 0.7 %

Shares of NOV opened at $14.71 on Wednesday. The stock’s 50-day moving average price is $14.96 and its 200 day moving average price is $15.47. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.02 and a beta of 1.66. NOV Inc. has a 12-month low of $13.78 and a 12-month high of $21.20.

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

NOV Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, March 14th. NOV’s payout ratio is 18.63%.

Analysts Set New Price Targets

NOV has been the topic of several analyst reports. Evercore ISI reissued an “in-line” rating and set a $18.00 target price (down from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Royal Bank of Canada raised their price objective on NOV from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Atb Cap Markets cut NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their price target on shares of NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Seaport Res Ptn downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.60.

About NOV

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.