Universal Beteiligungs und Servicegesellschaft mbH Has $4.79 Million Stock Position in NOV Inc. $NOV

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in NOV Inc. (NYSE:NOV) by 9.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 361,428 shares of the oil and gas exploration company’s stock after acquiring an additional 31,258 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in NOV were worth $4,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC raised its stake in NOV by 2.8% during the second quarter. Pzena Investment Management LLC now owns 42,708,890 shares of the oil and gas exploration company’s stock worth $530,872,000 after acquiring an additional 1,144,486 shares in the last quarter. First Pacific Advisors LP raised its stake in NOV by 101.0% during the 2nd quarter. First Pacific Advisors LP now owns 7,018,950 shares of the oil and gas exploration company’s stock worth $87,246,000 after buying an additional 3,526,754 shares during the period. First Trust Advisors LP lifted its stake in shares of NOV by 27.2% in the second quarter. First Trust Advisors LP now owns 6,091,095 shares of the oil and gas exploration company’s stock valued at $75,712,000 after buying an additional 1,302,214 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of NOV by 585.8% in the second quarter. American Century Companies Inc. now owns 5,291,529 shares of the oil and gas exploration company’s stock valued at $65,774,000 after purchasing an additional 4,519,957 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in NOV by 401.9% during the second quarter. Ameriprise Financial Inc. now owns 3,165,518 shares of the oil and gas exploration company’s stock worth $39,347,000 after purchasing an additional 2,534,815 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

NOV Price Performance

NYSE NOV opened at $18.92 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.55 and a quick ratio of 1.71. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.93 and a beta of 0.95. The business’s fifty day moving average price is $16.41 and its 200-day moving average price is $14.44. NOV Inc. has a 1-year low of $10.84 and a 1-year high of $19.22.

NOV (NYSE:NOV) last released its earnings results on Tuesday, October 28th. The oil and gas exploration company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). NOV had a net margin of 4.36% and a return on equity of 5.89%. During the same period in the previous year, the company earned $0.33 EPS. NOV’s revenue was down .7% on a year-over-year basis. On average, equities analysts predict that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on NOV shares. The Goldman Sachs Group reissued a “sell” rating and set a $17.00 target price on shares of NOV in a research report on Wednesday, January 14th. Zacks Research raised shares of NOV from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. 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 reiterated an “outperform” rating and issued a $21.00 price objective on shares of NOV in a report on Thursday, January 15th. Finally, Piper Sandler boosted their price objective on NOV from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, NOV currently has a consensus rating of “Hold” and a consensus price target of $16.92.

Insider Buying and Selling at NOV

In other news, Director Christian S. Kendall acquired 70,000 shares of the firm’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 approximately $1,242,822.54. This trade represents a 438.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.85% of the company’s stock.

About NOV

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.