NOV Inc. $NOV Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC lifted its position in shares of NOV Inc. (NYSE:NOV) by 239.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 141,506 shares of the oil and gas exploration company’s stock after buying an additional 99,765 shares during the period. Voya Investment Management LLC’s holdings in NOV were worth $1,875,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. CoreFirst Bank & Trust purchased a new stake in shares of NOV in the second quarter valued at $35,000. Quarry LP boosted its stake in NOV by 119.7% in the 1st quarter. Quarry LP now owns 3,407 shares of the oil and gas exploration company’s stock worth $52,000 after buying an additional 1,856 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in NOV by 395.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company’s stock valued at $45,000 after buying an additional 2,921 shares during the period. Signaturefd LLC increased its stake in shares of NOV by 33.2% during the 2nd quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 931 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of NOV by 30.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,937 shares of the oil and gas exploration company’s stock worth $75,000 after acquiring an additional 1,155 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Raymond James Financial reiterated an “outperform” rating and issued a $17.00 price target on shares of NOV in a report on Tuesday, October 28th. Barclays upped their price objective on NOV from $13.00 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NOV in a research report on Monday, December 22nd. Finally, Citigroup boosted their price target on NOV from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, NOV has a consensus rating of “Hold” and a consensus target price of $15.83.

Insiders Place Their Bets

In related news, Director Christian S. Kendall purchased 70,000 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was purchased at an average price of $14.46 per share, for a total transaction of $1,012,200.00. Following the acquisition, the director directly owned 85,949 shares in the company, valued at $1,242,822.54. The trade was a 438.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.85% of the stock is currently owned by corporate insiders.

NOV Stock Performance

Shares of NOV stock opened at $15.63 on Monday. The company has a current ratio of 2.55, a quick ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.70 billion, a PE ratio of 15.63, a P/E/G ratio of 5.18 and a beta of 0.97. The company’s fifty day simple moving average is $15.26 and its 200-day simple moving average is $13.81. NOV Inc. has a 52 week low of $10.84 and a 52 week high of $16.96.

NOV (NYSE:NOV) last announced its quarterly earnings results on Tuesday, October 28th. The oil and gas exploration company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). NOV had a return on equity of 5.89% and a net margin of 4.36%.During the same quarter in the previous year, the firm earned $0.33 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts anticipate that NOV Inc. will post 1.4 EPS for the current year.

NOV Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.30 annualized dividend and a yield of 1.9%. NOV’s payout ratio is 30.00%.

About NOV

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.