Signaturefd LLC Acquires 756 Shares of NOV Inc. (NYSE:NOV)

Signaturefd LLC boosted its stake in shares of NOV Inc. (NYSE:NOV) by 41.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,587 shares of the oil and gas exploration company’s stock after acquiring an additional 756 shares during the quarter. Signaturefd LLC’s holdings in NOV were worth $38,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NOV. Quest Partners LLC bought a new position in NOV during the third quarter valued at $96,000. Charles Schwab Investment Management Inc. lifted its stake in NOV by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,927,965 shares of the oil and gas exploration company’s stock worth $46,760,000 after purchasing an additional 55,056 shares during the last quarter. Cerity Partners LLC boosted its position in shares of NOV by 5.4% during the third quarter. Cerity Partners LLC now owns 64,240 shares of the oil and gas exploration company’s stock valued at $1,026,000 after buying an additional 3,274 shares during the period. Bank of Montreal Can boosted its position in shares of NOV by 519.1% during the third quarter. Bank of Montreal Can now owns 438,068 shares of the oil and gas exploration company’s stock valued at $7,000,000 after buying an additional 367,308 shares during the period. Finally, Qsemble Capital Management LP bought a new position in shares of NOV during the third quarter valued at approximately $1,928,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

NOV Stock Performance

Shares of NYSE:NOV opened at $15.47 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. The firm has a 50 day moving average of $15.00 and a 200 day moving average of $15.40. NOV Inc. has a 52 week low of $13.78 and a 52 week high of $21.20.

NOV (NYSE:NOV) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%. On average, sell-side analysts predict that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, March 14th. NOV’s dividend payout ratio is currently 18.63%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NOV. Barclays raised their price target on NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 18th. Piper Sandler lifted their target price on NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Atb Cap Markets cut shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. ATB Capital reiterated a “sector perform” rating and set a $19.00 price objective on shares of NOV in a report on Tuesday, December 10th. Finally, Evercore ISI restated an “in-line” rating and issued a $18.00 target price (down from $25.00) on shares of NOV in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, NOV has a consensus rating of “Hold” and an average price target of $19.60.

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.