NOV Inc. $NOV is Tejara Capital Ltd’s 4th Largest Position

Tejara Capital Ltd boosted its position in shares of NOV Inc. (NYSE:NOV) by 33.1% during the third quarter, Holdings Channel.com reports. The firm owned 670,199 shares of the oil and gas exploration company’s stock after buying an additional 166,692 shares during the quarter. NOV makes up approximately 4.6% of Tejara Capital Ltd’s portfolio, making the stock its 4th biggest position. Tejara Capital Ltd’s holdings in NOV were worth $8,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in shares of NOV during the 2nd quarter worth approximately $35,000. Hantz Financial Services Inc. grew its position in NOV by 395.3% in 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 increased its stake in NOV by 33.2% during the second quarter. Signaturefd LLC now owns 3,733 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 931 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in NOV by 123.8% in 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 purchasing an additional 2,975 shares during the period. Finally, Hilltop National Bank purchased a new stake in NOV in the second quarter valued at $73,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

NOV Trading Down 1.4%

Shares of NOV stock opened at $18.34 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $16.63 and a 200-day simple moving average of $14.54. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 4.94 and a beta of 0.95. NOV Inc. has a 12-month low of $10.84 and a 12-month high of $19.22.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.30 annualized dividend and a dividend yield of 1.6%. NOV’s dividend payout ratio (DPR) is presently 30.00%.

Insider Activity at NOV

In other news, Director Christian S. Kendall bought 70,000 shares of NOV stock in a transaction dated Friday, November 21st. The stock was acquired at an average cost of $14.46 per share, with a total value of $1,012,200.00. Following the acquisition, the director owned 85,949 shares of the company’s stock, valued at approximately $1,242,822.54. This trade represents a 438.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on NOV shares. Susquehanna raised their price objective on NOV from $17.00 to $20.00 and gave the stock a “positive” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price target on shares of NOV in a research note on Thursday, January 15th. Morgan Stanley set a $16.00 price objective on shares of NOV in a report on Monday, December 15th. Stifel Nicolaus lifted their target price on shares of NOV from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Zacks Research upgraded NOV from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Six 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 MarketBeat, NOV currently has a consensus rating of “Hold” and an average target price of $16.92.

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.