EntryPoint Capital LLC Purchases New Shares in NOV Inc. (NYSE:NOV)

EntryPoint Capital LLC bought a new position in NOV Inc. (NYSE:NOV) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 29,236 shares of the oil and gas exploration company’s stock, valued at approximately $427,000.

Other large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in NOV by 10.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 581,446 shares of the oil and gas exploration company’s stock worth $8,489,000 after buying an additional 56,665 shares during the period. Greenhaven Associates Inc. lifted its stake in shares of NOV by 61.7% in the 4th quarter. Greenhaven Associates Inc. now owns 3,291,042 shares of the oil and gas exploration company’s stock valued at $48,049,000 after purchasing an additional 1,255,666 shares during the period. Barclays PLC boosted its position in shares of NOV by 120.1% during the third quarter. Barclays PLC now owns 473,545 shares of the oil and gas exploration company’s stock valued at $7,561,000 after purchasing an additional 258,392 shares in the last quarter. Weiss Asset Management LP purchased a new stake in NOV in the third quarter worth $35,709,000. Finally, Bank of Montreal Can raised its holdings in NOV by 519.1% in the third quarter. Bank of Montreal Can now owns 438,068 shares of the oil and gas exploration company’s stock worth $7,000,000 after purchasing an additional 367,308 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

NOV Trading Up 2.3 %

Shares of NOV stock opened at $15.47 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. NOV Inc. has a 12-month low of $13.78 and a 12-month high of $21.20. The stock has a market capitalization of $5.89 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.02 and a beta of 1.66. The firm’s 50 day moving average is $15.00 and its 200 day moving average is $15.40.

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 (EPS) for the quarter, topping 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%. Research analysts expect that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, March 14th. NOV’s payout ratio is currently 18.63%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays upped their target price on shares of NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 18th. ATB Capital reaffirmed a “sector perform” rating and set a $19.00 target price on shares of NOV in a research note on Tuesday, December 10th. Atb Cap Markets cut NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Evercore ISI reaffirmed an “in-line” rating and set a $18.00 price objective (down previously from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada raised NOV from a “sector perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Monday. Two 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 data from MarketBeat, NOV currently has a consensus rating of “Hold” and a consensus price target of $19.60.

About NOV

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.