Vise Technologies Inc. Invests $186,000 in NOV Inc. $NOV

Vise Technologies Inc. acquired a new stake in NOV Inc. (NYSE:NOV) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,961 shares of the oil and gas exploration company’s stock, valued at approximately $186,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Pacific Advisors LP boosted its holdings in NOV by 101.0% in the 2nd quarter. First Pacific Advisors LP now owns 7,018,950 shares of the oil and gas exploration company’s stock valued at $87,246,000 after purchasing an additional 3,526,754 shares during the period. AQR Capital Management LLC increased its holdings in shares of NOV by 88.9% in the first quarter. AQR Capital Management LLC now owns 7,146,949 shares of the oil and gas exploration company’s stock worth $107,276,000 after purchasing an additional 3,362,853 shares during the period. Nuveen LLC purchased a new stake in shares of NOV in the first quarter worth $33,742,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in NOV during the first quarter valued at $23,589,000. Finally, Dimensional Fund Advisors LP grew its position in NOV by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 18,122,455 shares of the oil and gas exploration company’s stock worth $275,818,000 after buying an additional 1,329,327 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Stock Up 2.0%

Shares of NOV stock opened at $15.33 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 2.55. NOV Inc. has a 52-week low of $10.84 and a 52-week high of $16.84. The company’s 50 day moving average price is $13.83 and its 200-day moving average price is $13.18. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 4.73 and a beta of 1.25.

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 the consensus estimate of $0.24 by ($0.13). NOV had a net margin of 4.36% and a return on equity of 5.89%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. Equities research analysts forecast that NOV Inc. will post 1.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NOV shares. Zacks Research raised NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NOV in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut shares of NOV from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $15.00 in a research note on Wednesday, July 30th. Susquehanna set a $17.00 price target on shares of NOV and gave the stock a “positive” rating in a report on Wednesday, July 30th. Finally, Piper Sandler dropped their price objective on shares of NOV from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.54.

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.