5,986 Shares in NOV Inc. (NYSE:NOV) Acquired by Quest Partners LLC

Quest Partners LLC bought a new position in shares of NOV Inc. (NYSE:NOV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,986 shares of the oil and gas exploration company’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. KBC Group NV lifted its position in shares of NOV by 11.8% during the 3rd quarter. KBC Group NV now owns 11,060 shares of the oil and gas exploration company’s stock worth $177,000 after buying an additional 1,163 shares during the period. MQS Management LLC bought a new position in shares of NOV during the 3rd quarter worth approximately $454,000. Victory Capital Management Inc. increased its holdings in NOV by 32.2% during the 3rd quarter. Victory Capital Management Inc. now owns 109,984 shares of the oil and gas exploration company’s stock valued at $1,756,000 after purchasing an additional 26,792 shares in the last quarter. GSA Capital Partners LLP increased its holdings in NOV by 63.1% during the 3rd quarter. GSA Capital Partners LLP now owns 46,808 shares of the oil and gas exploration company’s stock valued at $748,000 after purchasing an additional 18,102 shares in the last quarter. Finally, Innealta Capital LLC increased its holdings in NOV by 49.9% during the 3rd quarter. Innealta Capital LLC now owns 15,448 shares of the oil and gas exploration company’s stock valued at $247,000 after purchasing an additional 5,140 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Stock Up 0.3 %

Shares of NOV stock opened at $16.03 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26. NOV Inc. has a 12 month low of $14.98 and a 12 month high of $21.23. The business has a fifty day simple moving average of $16.02 and a 200 day simple moving average of $17.36. The stock has a market cap of $6.24 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.93 and a beta of 1.66.

NOV Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.87%. NOV’s dividend payout ratio (DPR) is presently 11.07%.

Insider Buying and Selling

In related news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction on Wednesday, November 20th. The stock was 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 directly owns 110,951 shares of the company’s stock, valued at $1,786,311.10. The trade was a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.85% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NOV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on NOV from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Barclays dropped their price target on NOV from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Tuesday, October 29th. BMO Capital Markets dropped their price target on NOV from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. Susquehanna dropped their price target on NOV from $22.00 to $21.00 and set a “positive” rating for the company in a report on Monday, October 28th. Finally, Morgan Stanley dropped their price target on NOV from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.64.

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.