Vanguard Personalized Indexing Management LLC Has $980,000 Stock Holdings in NOV Inc. (NYSE:NOV)

Vanguard Personalized Indexing Management LLC boosted its position in NOV Inc. (NYSE:NOV) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 51,567 shares of the oil and gas exploration company’s stock after purchasing an additional 1,164 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in NOV were worth $980,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in shares of NOV by 95.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 879,960 shares of the oil and gas exploration company’s stock worth $17,846,000 after acquiring an additional 429,104 shares during the period. Wintrust Investments LLC increased its holdings in shares of NOV by 631.6% in the first quarter. Wintrust Investments LLC now owns 81,943 shares of the oil and gas exploration company’s stock valued at $1,600,000 after purchasing an additional 70,743 shares during the last quarter. Stanley Laman Group Ltd. bought a new position in shares of NOV in the second quarter valued at about $4,031,000. Edmond DE Rothschild Holding S.A. lifted its stake in shares of NOV by 16.1% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,200,000 shares of the oil and gas exploration company’s stock worth $44,616,000 after buying an additional 305,000 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of NOV by 71.3% during the 4th quarter. Schroder Investment Management Group now owns 1,092,422 shares of the oil and gas exploration company’s stock worth $22,154,000 after buying an additional 454,665 shares during the period. Institutional investors own 93.27% of the company’s stock.

NOV Trading Down 0.9 %

Shares of NOV opened at $16.75 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.64 and a current ratio of 2.61. NOV Inc. has a 52-week low of $15.47 and a 52-week high of $21.71. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 0.47 and a beta of 1.67. The business’s fifty day moving average is $17.81 and its 200-day moving average is $18.38.

NOV (NYSE:NOV) last issued its earnings results on Thursday, July 25th. The oil and gas exploration company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.35 by $0.22. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.19 billion. NOV had a return on equity of 10.97% and a net margin of 11.88%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Equities analysts anticipate that NOV Inc. will post 1.63 EPS for the current fiscal year.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, September 13th. NOV’s dividend payout ratio (DPR) is 12.05%.

Wall Street Analysts Forecast Growth

NOV has been the topic of several research analyst reports. TD Cowen increased their price target on shares of NOV from $27.00 to $28.00 and gave the company a “buy” rating in a report on Monday, July 29th. Bank of America dropped their price target on NOV from $24.00 to $22.00 and set a “buy” rating for the company in a report on Monday, July 15th. Evercore ISI raised NOV to a “strong-buy” rating in a report on Friday, July 26th. Morgan Stanley dropped their target price on NOV from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Benchmark restated a “hold” rating on shares of NOV in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.42.

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.