NOV (NYSE:NOV) Cut to Hold at Atb Cap Markets

Atb Cap Markets downgraded shares of NOV (NYSE:NOV) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports. Atb Cap Markets also issued estimates for NOV’s Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.39 EPS, Q2 2026 earnings at $0.41 EPS, Q3 2026 earnings at $0.42 EPS, FY2026 earnings at $1.59 EPS and FY2027 earnings at $1.76 EPS.

A number of other brokerages have also recently commented on NOV. BMO Capital Markets dropped their price target on NOV from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price target on NOV from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. ATB Capital reiterated a “sector perform” rating and issued a $19.00 price target on shares of NOV in a research note on Tuesday. TD Cowen dropped their price target on NOV from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, Bank of America dropped their price target on NOV from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.64.

NOV Trading Down 1.9 %

Shares of NOV stock opened at $15.10 on Tuesday. The stock’s fifty day moving average price is $15.87 and its two-hundred day moving average price is $17.14. The company has a market cap of $5.87 billion, a PE ratio of 5.57, a P/E/G ratio of 0.87 and a beta of 1.66. NOV has a fifty-two week low of $14.94 and a fifty-two week high of $21.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 2.57.

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.99%. NOV’s payout ratio is presently 11.07%.

Insider Transactions at NOV

In related news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total value of $28,722.40. Following the sale, the director now owns 110,951 shares of the company’s stock, valued at approximately $1,786,311.10. The trade was a 1.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.85% of the company’s stock.

Institutional Investors Weigh In On NOV

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pzena Investment Management LLC grew its position in shares of NOV by 22.3% during the 3rd 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 purchasing an additional 7,851,220 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted 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 valued at $593,336,000 after buying an additional 6,963,660 shares during the period. Bank of New York Mellon Corp raised its stake in shares of NOV by 67.2% during the second quarter. Bank of New York Mellon Corp now owns 9,928,911 shares of the oil and gas exploration company’s stock valued at $188,749,000 after acquiring an additional 3,989,095 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NOV by 40.0% during the second quarter. Dimensional Fund Advisors LP now owns 12,138,093 shares of the oil and gas exploration company’s stock valued at $230,743,000 after acquiring an additional 3,470,860 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of NOV by 232.6% during the second quarter. AQR Capital Management LLC now owns 4,888,891 shares of the oil and gas exploration company’s stock valued at $92,938,000 after acquiring an additional 3,418,885 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Company 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.