46,879 Shares in NOV Inc. $NOV Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of NOV Inc. (NYSE:NOV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 46,879 shares of the oil and gas exploration company’s stock, valued at approximately $621,000.

Other institutional investors have also modified their holdings of the company. CoreFirst Bank & Trust purchased a new stake in shares of NOV in the 2nd quarter valued at $35,000. Hantz Financial Services Inc. grew its holdings in NOV by 395.3% during the second quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company’s stock worth $45,000 after acquiring an additional 2,921 shares during the period. Signaturefd LLC grew its holdings in NOV by 33.2% in the second quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 931 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NOV by 123.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,379 shares of the oil and gas exploration company’s stock valued at $67,000 after acquiring an additional 2,975 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in NOV during the second quarter worth about $73,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

NOV has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NOV in a report on Monday, December 29th. Zacks Research upgraded shares of NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Barclays upped their price target on NOV from $13.00 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 17th. Raymond James Financial restated an “outperform” rating and issued a $17.00 price target on shares of NOV in a research report on Tuesday, October 28th. Finally, TD Cowen reaffirmed a “buy” rating on shares of NOV in a research note on Wednesday, January 7th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, NOV currently has an average rating of “Hold” and an average price target of $16.92.

NOV Stock Down 1.4%

Shares of NYSE NOV opened at $18.34 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 2.55. The company has a market capitalization of $6.69 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 4.94 and a beta of 0.95. The company’s 50 day moving average price is $16.63 and its 200-day moving average price is $14.54. NOV Inc. has a 52-week low of $10.84 and a 52-week high of $19.22.

NOV Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a $0.075 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.30 annualized dividend and a dividend yield of 1.6%. NOV’s payout ratio is 30.00%.

Insider Buying and Selling

In other news, Director Christian S. Kendall bought 70,000 shares of the business’s stock in a transaction on Friday, November 21st. The stock was acquired 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 directly owned 85,949 shares in the company, valued at $1,242,822.54. This represents a 438.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.08% of the stock is currently owned by corporate insiders.

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.