Landscape Capital Management L.L.C. Buys Shares of 30,006 NOV Inc. (NYSE:NOV)

Landscape Capital Management L.L.C. bought a new position in shares of NOV Inc. (NYSE:NOV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,006 shares of the oil and gas exploration company’s stock, valued at approximately $479,000.

Other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC acquired a new stake in NOV during the first quarter worth about $277,000. Advisors Asset Management Inc. raised its position in shares of NOV by 110.0% during the 1st quarter. Advisors Asset Management Inc. now owns 14,903 shares of the oil and gas exploration company’s stock worth $291,000 after purchasing an additional 7,806 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of NOV by 3.1% in the 1st quarter. Quadrature Capital Ltd now owns 29,481 shares of the oil and gas exploration company’s stock worth $576,000 after purchasing an additional 889 shares during the last quarter. Lazard Asset Management LLC boosted its position in NOV by 157.3% during the 1st quarter. Lazard Asset Management LLC now owns 8,977 shares of the oil and gas exploration company’s stock valued at $175,000 after purchasing an additional 5,488 shares during the period. Finally, Dynasty Wealth Management LLC bought a new position in NOV during the 1st quarter worth $320,000. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NOV news, Director David D. Harrison sold 1,784 shares of NOV stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total transaction of $28,722.40. Following the transaction, the director now directly owns 110,951 shares in the company, valued at approximately $1,786,311.10. The trade was a 1.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.85% of the stock is currently owned by company insiders.

NOV Stock Performance

NOV opened at $16.61 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26. The firm has a market cap of $6.46 billion, a PE ratio of 6.13, a P/E/G ratio of 0.95 and a beta of 1.66. The business has a fifty day simple moving average of $16.05 and a 200-day simple moving average of $17.43. NOV Inc. has a fifty-two week low of $14.98 and a fifty-two week high of $21.23.

NOV Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.075 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.81%. NOV’s dividend payout ratio (DPR) is 11.07%.

Analyst Upgrades and Downgrades

NOV has been the subject of several analyst reports. Bank of America reduced their price target on shares of NOV from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on NOV from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Citigroup downgraded NOV from a “buy” rating to a “neutral” rating and cut their target price for the company from $21.00 to $18.00 in a research note on Monday, November 11th. BMO Capital Markets cut their price objective on shares of NOV from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lowered their target price on shares of NOV from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, six 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.com, NOV has a consensus rating of “Hold” and an average target price of $21.64.

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.