Bayforest Capital Ltd Purchases 13,582 Shares of NOV Inc. $NOV

Bayforest Capital Ltd raised its position in NOV Inc. (NYSE:NOV) by 28.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,623 shares of the oil and gas exploration company’s stock after purchasing an additional 13,582 shares during the period. Bayforest Capital Ltd’s holdings in NOV were worth $766,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NOV. AQR Capital Management LLC boosted its holdings in NOV by 88.9% in the 1st quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company’s stock valued at $107,276,000 after purchasing an additional 3,362,853 shares during the period. Nuveen LLC bought a new position in NOV in the 1st quarter valued at $33,742,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of NOV during the 1st quarter valued at $23,589,000. Dimensional Fund Advisors LP raised its position in shares of NOV by 7.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company’s stock valued at $275,818,000 after buying an additional 1,329,327 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of NOV during the 1st quarter valued at $19,915,000. 93.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of NOV from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Weiss Ratings restated a “hold (c-)” rating on shares of NOV in a research report on Wednesday, October 8th. Citigroup raised their price objective on shares of NOV from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Evercore ISI lowered their price objective on shares of NOV from $15.00 to $14.00 and set an “in-line” rating on the stock in a research report on Wednesday, July 30th. Finally, Susquehanna set a $17.00 target price on shares of NOV and gave the stock a “positive” rating in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.79.

NOV Price Performance

Shares of NOV stock opened at $12.73 on Tuesday. The firm has a market cap of $4.73 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 3.56 and a beta of 1.26. NOV Inc. has a 12-month low of $10.84 and a 12-month 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 company’s fifty day simple moving average is $12.90 and its two-hundred day simple moving average is $12.82.

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

NOV Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid 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 2.4%. NOV’s payout ratio is presently 24.59%.

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.