GSA Capital Partners LLP Has $2.69 Million Stock Position in NOV Inc. $NOV

GSA Capital Partners LLP boosted its holdings in NOV Inc. (NYSE:NOV) by 417.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,251 shares of the oil and gas exploration company’s stock after purchasing an additional 163,965 shares during the period. GSA Capital Partners LLP owned about 0.06% of NOV worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust acquired a new stake in shares of NOV in the second quarter valued at about $35,000. UMB Bank n.a. grew its stake in NOV by 114.1% in the third quarter. UMB Bank n.a. now owns 3,109 shares of the oil and gas exploration company’s stock valued at $41,000 after purchasing an additional 1,657 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of NOV by 395.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 2,921 shares during the last quarter. Fifth Third Bancorp increased its position in shares of NOV by 88.4% during the 3rd quarter. Fifth Third Bancorp now owns 5,083 shares of the oil and gas exploration company’s stock worth $67,000 after purchasing an additional 2,385 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of NOV during the 2nd quarter worth approximately $80,000. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on NOV. Evercore set a $19.00 price target on shares of NOV in a research report on Friday, February 6th. Stifel Nicolaus upped their target price on shares of NOV from $19.00 to $21.00 and gave the company a “buy” rating in a report on Friday, February 6th. Morgan Stanley set a $16.00 price target on NOV in a research report on Monday, December 15th. BMO Capital Markets upped their price objective on NOV from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Finally, Barclays upgraded NOV from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $15.00 to $20.00 in a research note on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, NOV has an average rating of “Hold” and a consensus target price of $18.40.

Insider Transactions at NOV

In other NOV news, Director Christian S. Kendall bought 70,000 shares of the stock in a transaction on Friday, November 21st. The stock was purchased at an average price of $14.46 per share, with a total value of $1,012,200.00. Following the completion of the purchase, the director owned 85,949 shares in the company, valued at $1,242,822.54. The trade was a 438.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.85% of the stock is currently owned by corporate insiders.

NOV Price Performance

Shares of NYSE NOV opened at $19.21 on Tuesday. The business has a fifty day moving average price of $17.37 and a two-hundred day moving average price of $14.99. The stock has a market capitalization of $6.92 billion, a PE ratio of 50.55 and a beta of 0.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.42 and a quick ratio of 1.67. NOV Inc. has a fifty-two week low of $10.84 and a fifty-two week high of $19.60.

NOV (NYSE:NOV) last issued its earnings results on Wednesday, February 4th. The oil and gas exploration company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.23). NOV had a net margin of 1.66% and a return on equity of 3.57%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. NOV’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts predict that NOV Inc. will post 1.4 earnings per share for the current fiscal year.

NOV Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.30 annualized dividend and a yield of 1.6%. NOV’s dividend payout ratio (DPR) is 78.95%.

NOV Company 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.