Kiltearn Partners LLP Trims Stake in NOV Inc. (NYSE:NOV)

Kiltearn Partners LLP lowered its holdings in NOV Inc. (NYSE:NOV) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 648,700 shares of the oil and gas exploration company’s stock after selling 68,100 shares during the period. NOV makes up 1.6% of Kiltearn Partners LLP’s investment portfolio, making the stock its 24th largest position. Kiltearn Partners LLP’s holdings in NOV were worth $9,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NOV. Signaturefd LLC lifted its position 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. Verum Partners LLC lifted its holdings in shares of NOV by 9.0% during the 4th quarter. Verum Partners LLC now owns 15,050 shares of the oil and gas exploration company’s stock worth $220,000 after acquiring an additional 1,248 shares during the last quarter. UMB Bank n.a. grew its position in NOV by 222.3% in the fourth quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 1,612 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in NOV by 10.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,983 shares of the oil and gas exploration company’s stock valued at $271,000 after acquiring an additional 1,656 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. raised its position in NOV by 3.5% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 59,895 shares of the oil and gas exploration company’s stock valued at $874,000 after purchasing an additional 2,040 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

NOV has been the subject of a number of recent research reports. Seaport Res Ptn lowered shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Royal Bank of Canada raised NOV from a “sector perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Monday. Atb Cap Markets cut NOV from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. ATB Capital reissued a “sector perform” rating and set a $19.00 price objective on shares of NOV in a research note on Tuesday, December 10th. Finally, Raymond James lifted their target price on shares of NOV from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.60.

NOV Stock Down 1.1 %

Shares of NYSE:NOV opened at $15.27 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 2.46. NOV Inc. has a 52-week low of $13.78 and a 52-week high of $21.20. The firm has a market capitalization of $5.81 billion, a P/E ratio of 9.48, a P/E/G ratio of 1.02 and a beta of 1.66. The stock has a 50 day moving average price of $15.01 and a 200-day moving average price of $15.40.

NOV (NYSE:NOV) last announced its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. NOV had a net margin of 7.16% and a return on equity of 9.88%. As a group, equities research analysts anticipate that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.97%. NOV’s payout ratio is currently 18.63%.

NOV 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.