Orion Portfolio Solutions LLC Has $231,000 Stock Holdings in NOV Inc. (NYSE:NOV)

Orion Portfolio Solutions LLC reduced its holdings in shares of NOV Inc. (NYSE:NOV) by 39.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,790 shares of the oil and gas exploration company’s stock after selling 10,246 shares during the period. Orion Portfolio Solutions LLC’s holdings in NOV were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NOV. Harbor Capital Advisors Inc. lifted its stake in NOV by 10.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 581,446 shares of the oil and gas exploration company’s stock worth $8,489,000 after purchasing an additional 56,665 shares during the period. Greenhaven Associates Inc. raised its holdings in shares of NOV by 61.7% in the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock worth $48,049,000 after buying an additional 1,255,666 shares in the last quarter. Barclays PLC lifted its position in shares of NOV by 120.1% during the 3rd quarter. Barclays PLC now owns 473,545 shares of the oil and gas exploration company’s stock worth $7,561,000 after buying an additional 258,392 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in NOV by 10.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,983 shares of the oil and gas exploration company’s stock valued at $271,000 after buying an additional 1,656 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in NOV by 5.6% in the fourth quarter. SG Americas Securities LLC now owns 397,149 shares of the oil and gas exploration company’s stock valued at $5,798,000 after acquiring an additional 20,952 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

NOV Price Performance

Shares of NOV stock opened at $11.54 on Friday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 1.02 and a beta of 1.35. NOV Inc. has a 12 month low of $10.84 and a 12 month high of $21.20. 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 stock has a 50-day moving average price of $14.60 and a 200 day moving average price of $15.14.

NOV (NYSE:NOV) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. Research analysts expect that NOV Inc. will post 1.4 EPS for the current year.

NOV Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, March 14th. NOV’s payout ratio is 18.63%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NOV shares. Barclays lifted their price objective on NOV from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Tuesday, February 18th. Royal Bank of Canada upgraded shares of NOV from a “sector perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Monday, March 24th. Seaport Res Ptn cut shares of NOV from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 5th. Raymond James lifted their target price on shares of NOV from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Evercore ISI restated an “in-line” rating and set a $18.00 price target (down from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.19.

NOV 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.