Amalgamated Bank Has $5.24 Million Stake in NOV Inc. (NYSE:NOV)

Amalgamated Bank reduced its position in shares of NOV Inc. (NYSE:NOVFree Report) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,652 shares of the oil and gas exploration company’s stock after selling 6,050 shares during the period. Amalgamated Bank owned about 0.06% of NOV worth $5,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in NOV by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 38,925,240 shares of the oil and gas exploration company’s stock worth $629,810,000 after acquiring an additional 349,025 shares during the last quarter. BlackRock Inc. increased its holdings in NOV by 0.8% in the first quarter. BlackRock Inc. now owns 37,748,140 shares of the oil and gas exploration company’s stock valued at $698,718,000 after purchasing an additional 284,784 shares during the period. Pzena Investment Management LLC raised its position in NOV by 24.6% during the 2nd quarter. Pzena Investment Management LLC now owns 36,790,723 shares of the oil and gas exploration company’s stock worth $590,123,000 after purchasing an additional 7,259,286 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in NOV by 29.8% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 23,376,075 shares of the oil and gas exploration company’s stock worth $374,952,000 after buying an additional 5,365,090 shares during the period. Finally, State Street Corp increased its stake in shares of NOV by 3.8% in the second quarter. State Street Corp now owns 14,141,887 shares of the oil and gas exploration company’s stock valued at $226,836,000 after buying an additional 513,846 shares during the period. Institutional investors and hedge funds own 93.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NOV shares. TD Cowen dropped their price target on shares of NOV from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday. ATB Capital set a $33.00 price target on shares of NOV and gave the company an “outperform” rating in a research report on Friday, December 22nd. JPMorgan Chase & Co. upgraded NOV from a “neutral” rating to an “overweight” rating and upped their target price for the company from $22.00 to $25.00 in a research report on Friday, December 8th. StockNews.com upgraded NOV from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Morgan Stanley raised their price objective on shares of NOV from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.40.

View Our Latest Report on NOV

NOV Trading Up 1.2 %

NYSE NOV opened at $17.52 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.51 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $19.67 and a 200 day simple moving average of $19.97. NOV Inc. has a 12 month low of $14.05 and a 12 month high of $24.44. The firm has a market capitalization of $6.90 billion, a P/E ratio of 6.98, a PEG ratio of 0.29 and a beta of 1.77.

NOV (NYSE:NOVGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas exploration company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.41 by $1.10. NOV had a net margin of 11.57% and a return on equity of 10.79%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts predict that NOV Inc. will post 1.69 EPS for the current fiscal year.

NOV Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, December 7th. NOV’s dividend payout ratio is presently 7.97%.

NOV Profile

(Free Report)

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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Institutional Ownership by Quarter for NOV (NYSE:NOV)

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