16 hours Ago By ABMN Staff
NOV Inc. ( NYSE:NOV – Get Free Report ) saw some unusual options trading on Wednesday. Traders purchased 2,616 put options on the company.
This represents an increase of 1,353% compared to the average volume of 180 put options. Analyst Ratings Changes Several analysts recently commented on NOV shares. Citigroup cut NOV from a “buy” rating to a “neutral” rating and lowered their target price for the company from $21.
00 to $18.00 in a research report on Monday, November 11th. Bank of America cut their price objective on shares of NOV from $22.
00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. BMO Capital Markets decreased their target price on shares of NOV from $22.
00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. TD Cowen lowered their target price on shares of NOV from $28.
00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co.
reduced their price target on shares of NOV from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd.
Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.
14. View Our Latest Analysis on NOV NOV Stock Performance NOV Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.
075 per share. This represents a $0.30 annualized dividend and a yield of 2.
07%. The ex-dividend date of this dividend was Friday, December 6th. NOV’s payout ratio is 11.
07%. Insider Buying and Selling at NOV In other NOV news, Director David D. Harrison sold 1,784 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th.
The shares were sold at an average price of $16.10, for a total value of $28,722.40.
Following the sale, the director now owns 110,951 shares in the company, valued at approximately $1,786,311.10. This trade represents a 1.
58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . 1.
85% of the stock is currently owned by company insiders. Institutional Trading of NOV Several large investors have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in NOV by 3.
1% in the 2nd quarter. Raymond James & Associates now owns 248,230 shares of the oil and gas exploration company’s stock worth $4,719,000 after acquiring an additional 7,506 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of NOV in the second quarter worth approximately $196,000.
Signaturefd LLC boosted its holdings in shares of NOV by 67.6% during the second quarter. Signaturefd LLC now owns 4,443 shares of the oil and gas exploration company’s stock worth $84,000 after purchasing an additional 1,792 shares during the period.
Lee Danner & Bass Inc. acquired a new position in NOV in the 2nd quarter valued at approximately $4,695,000. Finally, Rothschild Investment LLC purchased a new stake in NOV in the 2nd quarter worth approximately $28,000.
93.27% of the stock is owned by institutional investors and hedge funds. About NOV ( Get Free Report ) 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. Further Reading Receive News & Ratings for NOV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOV and related companies with MarketBeat.
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