NOV Inc. (NYSE:NOV) Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC lowered its stake in NOV Inc. (NYSE:NOV) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,831,193 shares of the oil and gas exploration company’s stock after selling 14,360 shares during the quarter. Polaris Capital Management LLC owned about 0.47% of NOV worth $26,735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of NOV by 10.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 581,446 shares of the oil and gas exploration company’s stock valued at $8,489,000 after acquiring an additional 56,665 shares in the last quarter. Barclays PLC raised its position in NOV by 120.1% in the third quarter. Barclays PLC now owns 473,545 shares of the oil and gas exploration company’s stock worth $7,561,000 after acquiring an additional 258,392 shares in the last quarter. Greenhaven Associates Inc. boosted its position in shares of NOV by 61.7% during the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock valued at $48,049,000 after purchasing an additional 1,255,666 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of 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 purchasing an additional 2,735 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of NOV by 519.1% during the third quarter. Bank of Montreal Can now owns 438,068 shares of the oil and gas exploration company’s stock valued at $7,000,000 after purchasing an additional 367,308 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Stock Up 2.1 %

NYSE:NOV opened at $15.95 on Tuesday. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.64. NOV Inc. has a twelve month low of $13.94 and a twelve month high of $21.20. The stock’s 50 day moving average price is $14.90 and its two-hundred day moving average price is $16.08. The company has a quick ratio of 1.65, a current ratio of 2.46 and a debt-to-equity ratio of 0.26.

NOV (NYSE:NOV) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. Equities research analysts expect that NOV Inc. will post 1.42 earnings per share for the current fiscal year.

NOV Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, December 6th. NOV’s payout ratio is 18.63%.

Insiders Place Their Bets

In other news, Director David D. Harrison sold 1,784 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total transaction of $28,722.40. Following the completion of the sale, the director now owns 110,951 shares of the company’s stock, valued at approximately $1,786,311.10. This represents a 1.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOV. Evercore ISI reissued an “in-line” rating and set a $18.00 price target (down from $25.00) on shares of NOV in a research report on Wednesday, January 15th. 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 upped their price target on shares of NOV from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. ATB Capital restated a “sector perform” rating and issued a $19.00 target price on shares of NOV in a research note on Tuesday, December 10th. Finally, Barclays cut their price target on shares of NOV from $16.00 to $12.00 and set an “underweight” rating on the stock in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.53.

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.