Teacher Retirement System of Texas Has $678,000 Stock Position in NOV Inc. $NOV

Teacher Retirement System of Texas cut its stake in NOV Inc. (NYSE:NOV) by 51.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 51,139 shares of the oil and gas exploration company’s stock after selling 54,472 shares during the quarter. Teacher Retirement System of Texas’ holdings in NOV were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NOV. Gateway Investment Advisers LLC increased its holdings in shares of NOV by 1,845.9% during the third quarter. Gateway Investment Advisers LLC now owns 235,081 shares of the oil and gas exploration company’s stock worth $3,115,000 after buying an additional 223,000 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of NOV by 239.0% in the 3rd quarter. Voya Investment Management LLC now owns 141,506 shares of the oil and gas exploration company’s stock worth $1,875,000 after acquiring an additional 99,765 shares in the last quarter. Hsbc Holdings PLC grew its position in NOV by 111.3% during the 2nd quarter. Hsbc Holdings PLC now owns 476,044 shares of the oil and gas exploration company’s stock worth $6,006,000 after acquiring an additional 250,705 shares during the last quarter. Vest Financial LLC increased its holdings in NOV by 31.7% during the 3rd quarter. Vest Financial LLC now owns 379,056 shares of the oil and gas exploration company’s stock valued at $5,022,000 after purchasing an additional 91,272 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. raised its position in NOV by 76.7% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 178,816 shares of the oil and gas exploration company’s stock valued at $2,369,000 after purchasing an additional 77,605 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Key NOV News

Here are the key news stories impacting NOV this week:

• Positive Sentiment: Strong cash generation and shareholder returns — NOV reported robust operating cash flow ($573M in Q4; $1.25B for 2025) and free cash flow ($472M Q4; $876M FY2025) and returned $505M to shareholders via buybacks and dividends, signaling capital-return commitment. NOV Reports Fourth Quarter and Full-Year 2025 Earnings
• Positive Sentiment: Energy Equipment momentum and backlog — Energy Equipment grew revenue sequentially and continues to post margin expansion; ending backlog for capital equipment remains meaningful at ~$4.34B, supporting future revenue visibility. NOV Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Analyst action — Barclays upgraded NOV from Underweight to Equal Weight and raised its $20 price target, which can lift sentiment and buying interest. Barclays Upgrade (Benzinga)
• Neutral Sentiment: Revenue mix and scale — Q4 revenue rose sequentially (~5% q/q to $2.28B) but was down ~1% y/y for the full year; adjusted EBITDA remains sizeable ($267M Q4; $1.03B FY) though margins contracted versus 2024. NOV Reports Fourth Quarter and Full-Year 2025 Earnings
• Negative Sentiment: Earnings miss and quarterly loss — NOV reported Q4 GAAP EPS of $0.02, well below consensus (~$0.25) and posted a Q4 net loss of $78M (~$0.21/sh), driving near-term disappointment. Nov Inc. (NOV) Q4 Earnings Lag Estimates
• Negative Sentiment: Lower profitability and one‑offs — Adjusted EBITDA declined y/y (12% Q4 decline) and the company recorded $86M in pre-tax other items (including impairments), plus a higher effective tax rate that compressed net income. NOV Reports Fourth Quarter and Full-Year 2025 Earnings
• Negative Sentiment: Near-term outlook cautious — Management expects Q1 revenue down 1–3% y/y and adj. EBITDA of $200–$225M, and warns of an oversupplied oil market and customer budget caution that could delay aftermarket demand. NOV Reports Fourth Quarter and Full-Year 2025 Earnings

Insiders Place Their Bets

In related news, Director Christian S. Kendall bought 70,000 shares of the business’s stock in a transaction on Friday, November 21st. The shares were 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 of the company’s stock, valued at $1,242,822.54. This represents a 438.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.08% of the company’s stock.

Analysts Set New Price Targets

NOV has been the subject of a number of research analyst reports. Morgan Stanley set a $16.00 price target on NOV in a report on Monday, December 15th. Susquehanna boosted their target price on shares of NOV from $17.00 to $20.00 and gave the stock a “positive” rating in a research note on Wednesday, January 7th. Raymond James Financial reiterated an “outperform” rating and set a $17.00 target price on shares of NOV in a research report on Tuesday, October 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price target on shares of NOV in a report on Thursday, January 15th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $17.00 price objective on shares of NOV in a report on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, NOV currently has a consensus rating of “Hold” and an average price target of $17.31.

NOV Price Performance

Shares of NOV stock opened at $19.34 on Thursday. The firm’s 50 day moving average price is $16.86 and its two-hundred day moving average price is $14.67. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 2.55. NOV Inc. has a 52-week low of $10.84 and a 52-week high of $19.51. The stock has a market cap of $7.05 billion, a PE ratio of 19.34, a PEG ratio of 4.99 and a beta of 0.93.

NOV Announces Dividend

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

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.