MQS Management LLC Makes New $454,000 Investment in NOV Inc. (NYSE:NOV)

MQS Management LLC acquired a new stake in shares of NOV Inc. (NYSE:NOV) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 28,403 shares of the oil and gas exploration company’s stock, valued at approximately $454,000.

Other institutional investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of NOV during the second quarter valued at approximately $28,000. American National Bank & Trust purchased a new stake in NOV in the third quarter valued at approximately $39,000. International Assets Investment Management LLC lifted its stake in NOV by 1,590.1% during 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. Mercer Global Advisors Inc. ADV acquired a new position in shares of NOV in the second quarter valued at approximately $78,000. Finally, Signaturefd LLC raised its stake in shares of NOV by 67.6% in the second quarter. Signaturefd LLC now owns 4,443 shares of the oil and gas exploration company’s stock valued at $84,000 after acquiring an additional 1,792 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

NOV Stock Performance

Shares of NYSE NOV opened at $16.24 on Thursday. The company has a market capitalization of $6.32 billion, a P/E ratio of 5.99, a price-to-earnings-growth ratio of 0.96 and a beta of 1.66. The business’s 50-day moving average price is $16.03 and its two-hundred day moving average price is $17.55. NOV Inc. has a one year low of $14.98 and a one year high of $21.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.57 and a quick ratio of 1.65.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NOV. Wells Fargo & Company lowered their price objective on NOV from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Evercore ISI upgraded shares of NOV to a “strong-buy” rating in a research note on Friday, July 26th. Benchmark reissued a “hold” rating on shares of NOV in a research note on Friday, July 26th. Barclays cut their target price on NOV from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Tuesday, October 29th. Finally, Susquehanna lowered their target price on shares of NOV from $22.00 to $21.00 and set a “positive” rating on the stock in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.64.

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.