11,713 shares in NOV Inc. (NYSE:NOV) bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC acquired a new stake in shares of NOV Inc. (NYSE:NOV – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,713 shares of the oil and gas exploration company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rise Advisors LLC bought a new stake in NOV during the 1st quarter valued at approximately $26,000. Riverview Trust Co bought a new position in shares of NOV in the 1st quarter valued at approximately $39,000. GAMMA Investing LLC purchased a new position in shares of NOV during the fourth quarter valued at approximately $61,000. International Assets Investment Management LLC grew its position in NOV by 1,306.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,488 shares of the oil and gas exploration company’s stock valued at $71,000 after buying an another 3,240 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC bought a new position in shares of NOV in the 1st quarter worth $78,000. Hedge funds and other institutional investors own 93.27% of the company’s shares.

NOV trading down 0.5%

Shares of NOV stock opened at $17.46 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.64, and a debt-to-equity ratio of 0.27. The firm has a market cap of $6.90 billion, a PE ratio of 7.01, a P/E/G ratio of 0.59 and a beta of 1.70. The stock’s 50-day simple moving average is $18.46, and its two-hundred-day simple moving average is $18.42. NOV Inc. has a 12-month low of $16.77 and a 12-month high of $21.91.

NOV (NYSE:NOV – Get Your Free Report ) last posted its earnings results on Thursday, July 25th. The oil and gas exploration company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.22. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.19 billion. NOV had a return on equity of 10.97% and a net margin of 11.88%. The company’s quarterly revenue was up 5.9% year over year. During the same period last year, the firm earned $0.39 EPS. Analysts anticipate that NOV Inc. will record 1.61 profit per share for the current year.

Dividend announcement NOV

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.075 per share. This represents an annualized dividend of $0.30 and a dividend yield of 1.72%. The ex-dividend date is Friday, September 13. NOV’s payout rate is 12.05%.

Analyst upgrades and downgrades

A number of research analysts have commented on NOV shares. Benchmark reissued a “hold” rating on shares of NOV in a research report on Friday, July 26th. TD Cowen boosted their price objective on shares of NOV from $27.00 to $28.00 and gave the company a “buy” rating in a report on Monday, July 29th. Bank of America cut their price target on shares of NOV from $24.00 to $22.00 and set a “buy” rating for the company in a report on Monday, July 15th. Evercore ISI raised shares of NOV to a “strong-buy” rating in a report on Friday, July 26th. Finally, Barclays upped their target price on NOV from $17.00 to $20.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.58.

See the latest stock analysis from NOV

Profile NOV

(Free report)

NOV Inc designs, builds, manufactures and sells systems, components and products for the 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 offers solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drill pipe, wireline pipe, well optimization services, inspection and casing services, tools, tools drill and drill.

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