NOV Inc. (NYSE:NOV – Get Free Report) was the target of unusually large options trading on Wednesday. Investors bought 2,616 put options on the stock. This is an increase of approximately 1,353% compared to the typical daily volume of 180 put options.
Insider Transactions at NOV
In other news, CAO Christy Lynn Novak sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $17.43, for a total transaction of $61,005.00. Following the sale, the chief accounting officer now owns 114,212 shares of the company’s stock, valued at approximately $1,990,715.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.85% of the company’s stock.
Institutional Investors Weigh In On NOV
A number of institutional investors have recently modified their holdings of the stock. CWM LLC raised its stake in shares of NOV by 10.8% in the 4th quarter. CWM LLC now owns 5,480 shares of the oil and gas exploration company’s stock valued at $111,000 after purchasing an additional 536 shares in the last quarter. CENTRAL TRUST Co raised its stake in NOV by 85.4% during the third quarter. CENTRAL TRUST Co now owns 1,259 shares of the oil and gas exploration company’s stock worth $26,000 after acquiring an additional 580 shares during the period. Nisa Investment Advisors LLC raised its stake in NOV by 1.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 50,280 shares of the oil and gas exploration company’s stock worth $1,020,000 after acquiring an additional 580 shares during the period. Commonwealth Equity Services LLC raised its stake in NOV by 3.3% during the third quarter. Commonwealth Equity Services LLC now owns 18,956 shares of the oil and gas exploration company’s stock worth $306,000 after acquiring an additional 598 shares during the period. Finally, Covestor Ltd raised its stake in NOV by 94.4% during the first quarter. Covestor Ltd now owns 1,287 shares of the oil and gas exploration company’s stock worth $25,000 after acquiring an additional 625 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on NOV
NOV Stock Down 2.1 %
Shares of NOV stock opened at $18.47 on Thursday. The company has a fifty day moving average price of $18.39 and a 200 day moving average price of $19.20. The company has a current ratio of 2.40, a quick ratio of 1.51 and a debt-to-equity ratio of 0.27. NOV has a twelve month low of $14.05 and a twelve month high of $21.91. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.36 and a beta of 1.74.
NOV (NYSE:NOV – Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas exploration company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.26 billion. During the same period in the prior year, the company earned $0.26 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. Equities research analysts forecast that NOV will post 1.54 earnings per share for the current fiscal year.
NOV Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.08%. NOV’s dividend payout ratio (DPR) is presently 7.97%.
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.
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