Aristides Capital LLC Purchases 3,630 Shares of NOV Inc. (NYSE:NOV)

Aristides Capital LLC raised its position in shares of NOV Inc. (NYSE:NOV) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,630 shares of the oil and gas exploration company’s stock after buying an additional 3,630 shares during the quarter. Aristides Capital LLC’s holdings in NOV were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. lifted its position in NOV by 12,344.0% during the fourth quarter. Pacer Advisors Inc. now owns 12,309,433 shares of the oil and gas exploration company’s stock valued at $179,718,000 after acquiring an additional 12,210,514 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of NOV by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 6,697,650 shares of the oil and gas exploration company’s stock valued at $97,815,000 after purchasing an additional 302,009 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of NOV by 22.1% in the 4th quarter. Van ECK Associates Corp now owns 5,182,044 shares of the oil and gas exploration company’s stock worth $75,658,000 after purchasing an additional 938,866 shares in the last quarter. Greenhaven Associates Inc. grew its stake in NOV by 61.7% during the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock worth $48,049,000 after buying an additional 1,255,666 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in NOV by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,019,765 shares of the oil and gas exploration company’s stock valued at $44,089,000 after buying an additional 91,800 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. ATB Capital restated a “sector perform” rating and set a $19.00 price target on shares of NOV in a research note on Tuesday, December 10th. Royal Bank of Canada upgraded shares of NOV from a “sector perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Monday, March 24th. Atb Cap Markets downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Evercore ISI reissued an “in-line” rating and set a $18.00 price objective (down from $25.00) on shares of NOV in a report on Wednesday, January 15th. Finally, Raymond James raised their target price on NOV from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.60.

NOV Stock Down 10.9 %

NOV stock opened at $11.92 on Friday. NOV Inc. has a one year low of $11.66 and a one year high of $21.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 2.46. The firm’s fifty day moving average is $14.91 and its 200 day moving average is $15.33. The firm has a market cap of $4.54 billion, a PE ratio of 7.40, a P/E/G ratio of 1.02 and a beta of 1.34.

NOV (NYSE:NOV) last posted 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 return on equity of 9.88% and a net margin of 7.16%. On average, research analysts forecast that NOV Inc. will post 1.4 EPS for the current year.

NOV Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, March 14th. NOV’s payout ratio is 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.