NOV Sees Unusually Large Options Volume (NYSE:NOV)

NOV Inc. (NYSE:NOV) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 2,616 put options on the stock. This represents an increase of approximately 1,353% compared to the typical volume of 180 put options.

Analysts Set New Price Targets

Several research firms have recently issued reports on NOV. Susquehanna set a $17.00 target price on shares of NOV and gave the stock a “positive” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada reduced their target price on shares of NOV from $19.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. Stifel Nicolaus reduced their price target on shares of NOV from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Piper Sandler reduced their price target on shares of NOV from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Finally, Evercore ISI reduced their price target on shares of NOV from $15.00 to $14.00 and set an “in-line” rating for the company in a research report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.56.

Institutional Investors Weigh In On NOV

A number of institutional investors and hedge funds have recently modified their holdings of NOV. Mackenzie Financial Corp purchased a new stake in shares of NOV in the fourth quarter worth about $162,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of NOV by 126.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 34,726 shares of the oil and gas exploration company’s stock worth $507,000 after buying an additional 19,399 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of NOV by 4,053.5% in the first quarter. GAMMA Investing LLC now owns 65,750 shares of the oil and gas exploration company’s stock worth $1,001,000 after buying an additional 64,167 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of NOV by 8.3% in the first quarter. Rhumbline Advisers now owns 1,187,218 shares of the oil and gas exploration company’s stock worth $18,069,000 after buying an additional 91,080 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of NOV in the first quarter worth about $159,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

NOV Price Performance

NYSE NOV opened at $13.27 on Friday. The company has a market cap of $4.93 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 3.90 and a beta of 1.26. NOV has a 52 week low of $10.84 and a 52 week high of $16.86. The company has a quick ratio of 1.72, a current ratio of 2.58 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $12.86 and its two-hundred day simple moving average is $12.93.

NOV (NYSE:NOV) last released its quarterly earnings data on Monday, July 28th. The oil and gas exploration company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.16 billion. NOV had a net margin of 5.36% and a return on equity of 7.25%. NOV’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. NOV has set its Q3 2025 guidance at EPS. Research analysts predict that NOV will post 1.4 earnings per share for the current year.

NOV Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.30 annualized dividend and a yield of 2.3%. NOV’s dividend payout ratio is 24.59%.

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.