New Age Alpha Advisors LLC Makes New $3.84 Million Investment in NOV Inc. (NYSE:NOV)

New Age Alpha Advisors LLC purchased a new stake in NOV Inc. (NYSE:NOV) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 263,199 shares of the oil and gas exploration company’s stock, valued at approximately $3,843,000.

Several other large investors also recently made changes to their positions in the stock. Signaturefd LLC lifted its position in NOV by 41.3% in the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock valued at $38,000 after acquiring an additional 756 shares in the last quarter. Verum Partners LLC boosted its position in shares of NOV by 9.0% during the fourth quarter. Verum Partners LLC now owns 15,050 shares of the oil and gas exploration company’s stock worth $220,000 after buying an additional 1,248 shares during the period. UMB Bank n.a. grew its holdings in shares of NOV by 222.3% during 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 buying an additional 1,612 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in NOV by 10.8% in the 4th 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 buying an additional 1,656 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. lifted its stake in NOV by 3.5% in the 4th 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 acquiring an additional 2,040 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Stock Down 2.1 %

NOV stock opened at $14.96 on Friday. NOV Inc. has a twelve month low of $13.78 and a twelve month high of $21.20. The stock has a market cap of $5.70 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.02 and a beta of 1.66. The company’s 50-day moving average price is $15.00 and its two-hundred day moving average price is $15.40. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26.

NOV (NYSE:NOV) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%. As a group, analysts expect that NOV Inc. will post 1.4 EPS for the current year.

NOV Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.01%. NOV’s dividend payout ratio (DPR) is presently 18.63%.

Analyst Upgrades and Downgrades

NOV has been the topic of a number of recent research reports. Seaport Res Ptn downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. ATB Capital reissued a “sector perform” rating and set a $19.00 price target on shares of NOV in a research report on Tuesday, December 10th. Royal Bank of Canada upgraded NOV from a “sector perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Monday, March 24th. Barclays upped their target price on NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Tuesday, February 18th. Finally, Piper Sandler raised their price target on NOV from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, NOV has a consensus rating of “Hold” and a consensus price target of $19.60.

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.