Virtu Financial LLC Purchases Shares of 33,139 NOV Inc. (NYSE:NOV)

Virtu Financial LLC acquired a new stake in NOV Inc. (NYSE:NOV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,139 shares of the oil and gas exploration company’s stock, valued at approximately $484,000.

Several other large investors have also bought and sold shares of NOV. Quarry LP acquired a new stake in NOV in the 3rd quarter valued at about $36,000. UMB Bank n.a. raised its holdings in shares of NOV by 222.3% in the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 1,612 shares in the last quarter. Signaturefd LLC lifted its stake in NOV by 41.3% during the fourth quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock valued at $38,000 after purchasing an additional 756 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in NOV during the fourth quarter worth approximately $42,000. Finally, Brooklyn Investment Group acquired a new position in NOV in the third quarter worth approximately $48,000. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised NOV from a “sector perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Monday. Piper Sandler lifted their price target on NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. ATB Capital reaffirmed a “sector perform” rating and set a $19.00 price objective on shares of NOV in a research note on Tuesday, December 10th. Evercore ISI reissued an “in-line” rating and issued a $18.00 target price (down from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Finally, Seaport Res Ptn downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a research report on Sunday, January 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.60.

NOV Stock Up 2.3 %

Shares of NOV stock opened at $15.47 on Wednesday. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 1.02 and a beta of 1.66. The stock has a 50-day simple moving average of $15.00 and a 200-day simple moving average of $15.40. NOV Inc. has a 52-week low of $13.78 and a 52-week high of $21.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.64.

NOV (NYSE:NOV) last posted its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. On average, equities research analysts expect that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 annualized dividend and a yield of 1.94%. NOV’s dividend payout ratio (DPR) is currently 18.63%.

About NOV

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.