Great Hill Capital LLC Acquires Shares of 239,869 NOV Inc. $NOV

Great Hill Capital LLC bought a new position in shares of NOV Inc. (NYSE:NOV) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 239,869 shares of the oil and gas exploration company’s stock, valued at approximately $3,178,000. NOV accounts for 0.5% of Great Hill Capital LLC’s investment portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOV. Fox Run Management L.L.C. bought a new stake in shares of NOV in the 3rd quarter worth approximately $183,000. AXQ Capital LP purchased a new stake in NOV in the third quarter worth $436,000. Semanteon Capital Management LP purchased a new position in NOV during the 3rd quarter valued at $571,000. Citigroup Inc. raised its holdings in NOV by 32.1% in the 3rd quarter. Citigroup Inc. now owns 357,529 shares of the oil and gas exploration company’s stock worth $4,737,000 after purchasing an additional 86,854 shares in the last quarter. Finally, Monaco Asset Management SAM purchased a new stake in shares of NOV in the 3rd quarter worth about $4,969,000. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other NOV news, insider Joseph W. Rovig sold 151,086 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $20.17, for a total transaction of $3,047,404.62. Following the transaction, the insider owned 269,694 shares in the company, valued at approximately $5,439,727.98. This represents a 35.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Craig L. Weinstock sold 70,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $20.08, for a total transaction of $1,405,600.00. Following the sale, the vice president directly owned 256,319 shares in the company, valued at approximately $5,146,885.52. The trade was a 21.45% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.08% of the company’s stock.

NOV Stock Down 2.3%

Shares of NOV stock opened at $20.17 on Thursday. The company has a 50-day simple moving average of $17.93 and a two-hundred day simple moving average of $15.37. The stock has a market capitalization of $7.27 billion, a PE ratio of 53.07 and a beta of 0.93. NOV Inc. has a 52-week low of $10.84 and a 52-week high of $20.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 2.42.

NOV (NYSE:NOV) last announced its quarterly earnings results on Thursday, February 5th. The oil and gas exploration company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.23). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.17 billion. NOV had a net margin of 1.66% and a return on equity of 3.57%. NOV’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. On average, analysts anticipate that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.09 dividend. This is an increase from NOV’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, March 13th. NOV’s dividend payout ratio (DPR) is presently 78.95%.

NOV News Summary

Here are the key news stories impacting NOV this week:

• Positive Sentiment: NOV raised its quarterly dividend to $0.09 (from $0.08), payable Mar 27 with an ex‑dividend date Mar 13 — a modest income boost that can support the share price and attract yield‑seeking investors. MarketBeat: NOV dividend & stock summary
• Positive Sentiment: Selective institutional buying was reported in Q4 (notably Price T. Rowe adding a large position), which can underpin demand even as other funds trim exposure. QuiverQuant: NOV institutional activity
• Neutral Sentiment: Analyst coverage is mixed but provides valuation context — recent price targets cluster around ~$20 (median ~$20), so upgrades/maintains may stabilize trading even if upside is limited. MarketBeat: analyst ratings & targets
• Neutral Sentiment: Q4 revenue ran about $2.28–2.30B (down ~1.3% YoY) — not a large deterioration but consistent with a cautious near‑term backdrop for drilling activity. QuiverQuant: NOV financials & activity
• Negative Sentiment: Large insider selling: President Joseph W. Rovig sold ~151,086 shares (~$3.05M) and VP/Sr. VP Craig Weinstock sold ~70,000 shares (plus an earlier 10,495‑share sale). These sizable, contemporaneous insider dispositions are typically read negatively by the market and likely pressured the stock. SEC filing: Rovig sale InsiderTrades: Weinstock sale
• Negative Sentiment: Operational and earnings concerns linger — NOV missed Q4 EPS expectations earlier this month and analysts highlight softer drilling activity, cautious M&A posture and offshore/wind uncertainty, which can cap near‑term upside. Zacks: analyst commentary on Q4 weakness

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NOV shares. Barclays raised shares of NOV from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $15.00 to $20.00 in a research note on Wednesday, February 4th. The Goldman Sachs Group reissued a “sell” rating and issued a $17.00 target price on shares of NOV in a research report on Wednesday, January 14th. Argus upgraded NOV to a “hold” rating in a research note on Tuesday, February 10th. Evercore set a $19.00 price target on NOV in a research note on Friday, February 6th. Finally, Piper Sandler increased their price objective on NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NOV has an average rating of “Hold” and a consensus target price of $18.36.

NOV Profile

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.