Amalgamated Financial institution trimmed its place in shares of NOV Inc. (NYSE:NOV – Free Report) by 24.3% through the third quarter, in line with its most up-to-date disclosure with the Securities & Alternate Fee. The agency owned 187,641 shares of the oil and fuel exploration firm’s inventory after promoting 60,229 shares through the quarter. Amalgamated Financial institution’s holdings in NOV have been value $2,997,000 on the finish of the latest reporting interval.
Numerous different giant buyers additionally not too long ago modified their holdings of NOV. Rothschild Funding LLC acquired a brand new place in NOV through the second quarter value $28,000. American Nationwide Financial institution & Belief acquired a brand new stake in shares of NOV within the third quarter value about $39,000. Worldwide Property Funding Administration LLC lifted its place in NOV by 1,590.1% within the third quarter. Worldwide Property Funding Administration LLC now owns 2,907 shares of the oil and fuel exploration firm’s inventory valued at $46,000 after buying an extra 2,735 shares within the final quarter. Mercer International Advisors Inc. ADV acquired a brand new place in NOV through the 2nd quarter valued at about $78,000. Lastly, Signaturefd LLC elevated its holdings in NOV by 67.6% through the 2nd quarter. Signaturefd LLC now owns 4,443 shares of the oil and fuel exploration firm’s inventory value $84,000 after buying an extra 1,792 shares within the final quarter. 93.27% of the inventory is presently owned by institutional buyers.
NOV Inventory Efficiency
Shares of NOV opened at $16.28 on Monday. The corporate has a debt-to-equity ratio of 0.26, a present ratio of two.57 and a fast ratio of 1.65. The agency has a market cap of $6.33 billion, a PE ratio of 6.01, a PEG ratio of 0.93 and a beta of 1.66. NOV Inc. has a 1 yr low of $14.98 and a 1 yr excessive of $21.23. The inventory’s fifty day transferring common worth is $16.08 and its two-hundred day transferring common worth is $17.59.
NOV Declares Dividend
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Friday, September twenty seventh. Shareholders of document on Friday, September thirteenth got a dividend of $0.075 per share. The ex-dividend date was Friday, September thirteenth. This represents a $0.30 dividend on an annualized foundation and a yield of 1.84%. NOV’s dividend payout ratio is presently 11.07%.
Analysts Set New Worth Targets
A number of analysis analysts not too long ago issued stories on NOV shares. Stifel Nicolaus lower their goal worth on NOV from $25.00 to $24.00 and set a “purchase” score on the inventory in a analysis report on Monday, October twenty eighth. BMO Capital Markets lowered their goal worth on shares of NOV from $22.00 to $20.00 and set a “market carry out” score for the corporate in a analysis word on Thursday, October tenth. Wells Fargo & Firm lowered their goal worth on shares of NOV from $16.00 to $15.00 and set an “underweight” score for the corporate in a report on Monday, November 4th. Morgan Stanley lower their worth goal on shares of NOV from $25.00 to $23.00 and set an “chubby” score on the inventory in a report on Monday, September sixteenth. Lastly, Barclays decreased their worth goal on shares of NOV from $17.00 to $16.00 and set an “underweight” score for the corporate in a analysis word on Tuesday, October twenty ninth. Two analysis analysts have rated the inventory with a promote score, 5 have given a maintain score, 9 have issued a purchase score and one has assigned a powerful purchase score to the corporate’s inventory. In response to knowledge from MarketBeat, the corporate has a mean score of “Average Purchase” and a mean goal worth of $21.86.
Learn Our Newest Inventory Evaluation on NOV
About NOV
NOV Inc designs, constructs, manufactures, and sells techniques, elements, and merchandise for oil and fuel drilling and manufacturing, and industrial and renewable power sectors in the US and internationally. It operates by way of two segments, Power Tools, and Power Merchandise and Providers. The corporate gives solids management and waste administration tools and companies, managed stress drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization companies, tubular inspection and coating companies, instrumentation, downhole instruments, and drill bits.
Additional Studying
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