Wintrust Investments LLC Sells 5,093 Shares of NOV Inc. (NYSE:NOV)

Wintrust Investments LLC trimmed its stake in shares of NOV Inc. (NYSE:NOV) by 57.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,736 shares of the oil and gas exploration company’s stock after selling 5,093 shares during the quarter. Wintrust Investments LLC’s holdings in NOV were worth $54,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of NOV during the 3rd quarter valued at $36,000. UMB Bank n.a. lifted its position in shares of NOV by 222.3% during the 4th quarter. UMB Bank n.a. now owns 2,337 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 1,612 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of NOV during the 4th quarter worth $42,000. Brooklyn Investment Group bought a new stake in shares of NOV during the 3rd quarter worth $48,000. Finally, R Squared Ltd bought a new stake in shares of NOV during the 4th quarter worth $44,000. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NOV has been the subject of several recent analyst reports. Atb Cap Markets downgraded NOV from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler upped their price objective on NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Evercore ISI restated an “in-line” rating and set a $18.00 price objective (down from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Raymond James upped their price objective on NOV from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Barclays upped their price objective on NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.60.

NOV Trading Down 0.7 %

Shares of NOV stock opened at $14.00 on Friday. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 1.02 and a beta of 1.66. The stock has a 50-day moving average of $15.00 and a 200-day moving average of $15.59. The company has a current ratio of 2.46, a quick ratio of 1.64 and a debt-to-equity ratio of 0.26. NOV Inc. has a 1-year low of $13.78 and a 1-year high of $21.20.

NOV (NYSE:NOV) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. NOV had a return on equity of 9.88% and a net margin of 7.16%. On average, equities research analysts forecast that NOV Inc. will post 1.4 earnings per share for the current year.

NOV Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.14%. NOV’s payout ratio is 18.63%.

NOV Profile

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.