Versor Investments LP Makes New $195,000 Investment in NOV Inc. (NYSE:NOV)

Versor Investments LP bought a new stake in shares of NOV Inc. (NYSE:NOV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,375 shares of the oil and gas exploration company’s stock, valued at approximately $195,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NOV. Quarry LP acquired a new stake in NOV in the third quarter valued at approximately $36,000. UMB Bank n.a. grew its stake in NOV by 222.3% in the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock valued at $34,000 after acquiring an additional 1,612 shares during the period. International Assets Investment Management LLC increased its holdings in NOV by 1,590.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 2,735 shares in the last quarter. Brooklyn Investment Group acquired a new position in NOV during the third quarter worth $48,000. Finally, R Squared Ltd acquired a new stake in shares of NOV in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

NOV Trading Down 0.6 %

NOV opened at $14.13 on Wednesday. The business’s 50 day moving average price is $15.00 and its 200 day moving average price is $15.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 2.46. The stock has a market capitalization of $5.38 billion, a PE ratio of 8.78, a P/E/G ratio of 1.02 and a beta of 1.66. NOV Inc. has a one year low of $13.77 and a one year high of $21.20.

NOV (NYSE:NOV) last released its quarterly earnings results 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%. As a group, equities research analysts expect that NOV Inc. will post 1.4 EPS for the current year.

NOV Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.12%. NOV’s dividend payout ratio is currently 18.63%.

Analyst Ratings Changes

NOV has been the subject of several research analyst reports. Atb Cap Markets downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their target price on NOV from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Barclays lifted 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. Evercore ISI restated an “in-line” rating and issued a $18.00 price objective (down previously from $25.00) on shares of NOV in a report on Wednesday, January 15th. Finally, ATB Capital reaffirmed a “sector perform” rating and set a $19.00 target price on shares of NOV in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven 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 price target of $19.60.

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.