Wealth Enhancement Advisory Services LLC Purchases 1,656 Shares of NOV Inc. (NYSE:NOV)

Wealth Enhancement Advisory Services LLC increased its holdings in NOV Inc. (NYSE:NOV) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,983 shares of the oil and gas exploration company’s stock after acquiring an additional 1,656 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NOV were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Truist Financial Corp grew its stake in shares of NOV by 3.4% in the 2nd quarter. Truist Financial Corp now owns 29,729 shares of the oil and gas exploration company’s stock worth $565,000 after buying an additional 991 shares during the last quarter. HM Payson & Co. lifted its holdings in NOV by 2.1% in the 3rd quarter. HM Payson & Co. now owns 49,000 shares of the oil and gas exploration company’s stock worth $783,000 after purchasing an additional 1,000 shares in the last quarter. KBC Group NV boosted its position in shares of NOV by 11.8% during the 3rd quarter. KBC Group NV now owns 11,060 shares of the oil and gas exploration company’s stock valued at $177,000 after acquiring an additional 1,163 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in NOV by 2.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,567 shares of the oil and gas exploration company’s stock worth $980,000 after buying an additional 1,164 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted its position in shares of NOV by 3.5% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 59,895 shares of the oil and gas exploration company’s stock worth $874,000 after purchasing an additional 2,040 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In related news, Director David D. Harrison sold 1,784 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total transaction of $28,722.40. Following the transaction, the director now owns 110,951 shares of the company’s stock, valued at approximately $1,786,311.10. This trade represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.85% of the company’s stock.

NOV Trading Up 3.4 %

NYSE:NOV opened at $15.64 on Friday. The stock has a fifty day simple moving average of $15.28 and a 200 day simple moving average of $16.51. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 0.90 and a beta of 1.66. NOV Inc. has a 1-year low of $13.94 and a 1-year high of $21.23. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26.

NOV Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.30 annualized dividend and a yield of 1.92%. NOV’s dividend payout ratio is presently 11.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NOV shares. BMO Capital Markets decreased their price objective 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. Barclays cut their price objective on NOV from $16.00 to $12.00 and set an “underweight” rating for the company in a research report on Wednesday, December 18th. Seaport Res Ptn lowered NOV from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 5th. 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 report on Monday, October 28th. Finally, Atb Cap Markets downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.00.

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.