NOV Inc. (NYSE:NOV) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in shares of NOV Inc. (NYSE:NOV) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,580 shares of the oil and gas exploration company’s stock after acquiring an additional 3,940 shares during the period. Nisa Investment Advisors LLC’s holdings in NOV were worth $519,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOV. Quarry LP acquired a new position in NOV in the third quarter valued at $36,000. UMB Bank n.a. grew its holdings in shares of NOV by 222.3% during the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 1,612 shares during the last quarter. American National Bank & Trust acquired a new position in NOV in the 3rd quarter valued at about $39,000. International Assets Investment Management LLC raised its stake in NOV by 1,590.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 2,735 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in NOV during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Activity at NOV

In related news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $16.10, for a total transaction of $28,722.40. Following the completion of the sale, the director now owns 110,951 shares in the company, valued at approximately $1,786,311.10. This trade represents 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. 1.85% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NOV has been the subject of several analyst reports. Seaport Res Ptn cut NOV from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 5th. Barclays reduced their target price on shares of NOV from $16.00 to $12.00 and set an “underweight” rating for the company in a research note on Wednesday, December 18th. Evercore ISI reiterated an “in-line” rating and set a $18.00 price target (down from $25.00) on shares of NOV in a research note on Wednesday, January 15th. ATB Capital restated a “sector perform” rating and issued a $19.00 price objective on shares of NOV in a research report on Tuesday, December 10th. Finally, Piper Sandler began coverage on NOV in a research report on Thursday, December 19th. They set a “neutral” rating and a $17.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, NOV currently has a consensus rating of “Hold” and a consensus price target of $20.00.

NOV Price Performance

NOV stock opened at $14.41 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.60 billion, a PE ratio of 5.32, a P/E/G ratio of 0.95 and a beta of 1.66. The firm’s 50-day simple moving average is $15.11 and its 200 day simple moving average is $16.33. NOV Inc. has a 52 week low of $13.94 and a 52 week high of $21.20.

NOV Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.08%. NOV’s dividend payout ratio (DPR) is 11.07%.

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.