AXQ Capital LP Has $1.55 Million Holdings in NOV Inc. (NYSE:NOV)

AXQ Capital LP lifted its holdings in NOV Inc. (NYSE:NOV) by 557.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,202 shares of the oil and gas exploration company’s stock after purchasing an additional 90,040 shares during the period. NOV accounts for about 0.7% of AXQ Capital LP’s investment portfolio, making the stock its 13th biggest holding. AXQ Capital LP’s holdings in NOV were worth $1,551,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NOV. UMB Bank n.a. raised its holdings in NOV by 222.3% in 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 acquiring an additional 1,612 shares during the period. Quarry LP bought a new position in NOV in the 3rd quarter worth $36,000. Signaturefd LLC raised its holdings in NOV by 41.3% in the 4th quarter. Signaturefd LLC now owns 2,587 shares of the oil and gas exploration company’s stock worth $38,000 after acquiring an additional 756 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in NOV in the 4th quarter worth $42,000. Finally, R Squared Ltd bought a new position in NOV in the 4th quarter worth $44,000. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on NOV shares. Atb Cap Markets downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Barclays boosted their price objective on shares of NOV from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Tuesday, February 18th. Piper Sandler boosted their price objective on shares of NOV from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. ATB Capital restated a “sector perform” rating and set a $19.00 price objective on shares of NOV in a report on Tuesday, December 10th. Finally, Seaport Res Ptn downgraded shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.60.

NOV Price Performance

NYSE:NOV opened at $14.62 on Friday. The firm has a market cap of $5.57 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. NOV Inc. has a 12 month low of $13.78 and a 12 month high of $21.20. The company has a quick ratio of 1.64, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $14.99 and its two-hundred day moving average price is $15.44.

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

NOV Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.05%. 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.