Vest Financial LLC Has $5.02 Million Stake in NOV Inc. $NOV

Vest Financial LLC raised its stake in NOV Inc. (NYSE:NOV) by 31.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 379,056 shares of the oil and gas exploration company’s stock after acquiring an additional 91,272 shares during the quarter. Vest Financial LLC owned approximately 0.10% of NOV worth $5,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. CoreFirst Bank & Trust bought a new position in NOV in the 2nd quarter valued at approximately $35,000. Hantz Financial Services Inc. lifted its stake in shares of NOV by 395.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company’s stock valued at $45,000 after acquiring an additional 2,921 shares during the last quarter. Signaturefd LLC lifted its stake in shares of NOV by 33.2% in the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 931 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in NOV by 123.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,379 shares of the oil and gas exploration company’s stock worth $67,000 after acquiring an additional 2,975 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in NOV in the 2nd quarter worth about $73,000. 93.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NOV shares. Barclays boosted their price target on NOV from $13.00 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, December 17th. Susquehanna boosted their target price on shares of NOV from $17.00 to $20.00 and gave the stock a “positive” rating in a report on Wednesday, January 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $21.00 price target on shares of NOV in a research report on Thursday, January 15th. TD Cowen reiterated a “buy” rating on shares of NOV in a report on Wednesday, January 7th. Finally, Morgan Stanley set a $16.00 price objective on NOV in a report on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, NOV presently has an average rating of “Hold” and an average target price of $16.92.

NOV Trading Up 4.3%

NYSE:NOV opened at $18.41 on Thursday. NOV Inc. has a 52 week low of $10.84 and a 52 week high of $18.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 2.55. The firm’s fifty day moving average is $16.15 and its 200-day moving average is $14.28. The firm has a market cap of $6.71 billion, a P/E ratio of 18.41, a P/E/G ratio of 4.68 and a beta of 0.95.

NOV (NYSE:NOV) last released its earnings results on Tuesday, October 28th. The oil and gas exploration company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). NOV had a net margin of 4.36% and a return on equity of 5.89%. NOV’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. Equities analysts expect that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.075 per share. The ex-dividend date was Friday, December 5th. This represents a $0.30 annualized dividend and a dividend yield of 1.6%. NOV’s dividend payout ratio is presently 30.00%.

Insider Buying and Selling

In other NOV news, Director Christian S. Kendall bought 70,000 shares of the stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $14.46 per share, for a total transaction of $1,012,200.00. Following the completion of the acquisition, the director owned 85,949 shares in the company, valued at $1,242,822.54. This trade represents a 438.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 2.08% of the stock is owned by corporate insiders.

NOV Company Profile

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.