NOV Inc. (NYSE:NOV) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in shares of NOV Inc. (NYSE:NOV) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 581,446 shares of the oil and gas exploration company’s stock after buying an additional 56,665 shares during the period. Harbor Capital Advisors Inc.’s holdings in NOV were worth $8,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quarry LP acquired a new stake in NOV during the third quarter worth $36,000. American National Bank & Trust purchased a new position in shares of NOV during the 3rd quarter worth $39,000. International Assets Investment Management LLC increased its position in shares of NOV by 1,590.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 2,735 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of NOV during the third quarter valued at about $48,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of NOV in the 2nd quarter valued at approximately $78,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

NOV Stock Down 0.8 %

Shares of NOV stock traded down $0.11 during trading hours on Friday, hitting $14.51. The company had a trading volume of 1,088,539 shares, compared to its average volume of 2,272,076. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.57 and a quick ratio of 1.65. The company’s 50-day moving average is $15.38 and its two-hundred day moving average is $16.67. The company has a market cap of $5.65 billion, a P/E ratio of 5.35, a price-to-earnings-growth ratio of 0.87 and a beta of 1.66. NOV Inc. has a twelve month low of $13.94 and a twelve month high of $21.23.

NOV Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, December 6th. NOV’s payout ratio is 11.07%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in 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. Bank of America decreased their target price on NOV from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Susquehanna dropped their price target on shares of NOV from $22.00 to $21.00 and set a “positive” rating for the company in a research note on Monday, October 28th. Seaport Res Ptn cut NOV from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, TD Cowen lowered their target price on NOV from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.14.

Insider Transactions at NOV

In other news, Director David D. Harrison sold 1,784 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total value of $28,722.40. Following the completion of the sale, the director now directly owns 110,951 shares of the company’s stock, valued at approximately $1,786,311.10. This represents a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.85% of the company’s stock.

NOV Company 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.