Marshall Wace LLP Has $24.79 Million Stock Holdings in NOV Inc. (NYSE:NOV)

Marshall Wace LLP decreased its stake in shares of NOV Inc. (NYSE:NOV) by 57.4% during the 2nd quarter, Holdings Channel reports. The firm owned 1,303,995 shares of the oil and gas exploration company’s stock after selling 1,756,947 shares during the period. Marshall Wace LLP’s holdings in NOV were worth $24,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOV. Wedmont Private Capital increased its holdings in NOV by 5.2% during the first quarter. Wedmont Private Capital now owns 12,992 shares of the oil and gas exploration company’s stock worth $263,000 after buying an additional 643 shares during the last quarter. Mather Group LLC. grew its position in shares of NOV by 17.2% in the 2nd quarter. Mather Group LLC. now owns 5,706 shares of the oil and gas exploration company’s stock valued at $111,000 after acquiring an additional 839 shares during the period. GAMMA Investing LLC grew its position in shares of NOV by 18.2% in the 2nd quarter. GAMMA Investing LLC now owns 5,496 shares of the oil and gas exploration company’s stock valued at $104,000 after acquiring an additional 848 shares during the period. Quadrature Capital Ltd increased its stake in shares of NOV by 3.1% during the 1st quarter. Quadrature Capital Ltd now owns 29,481 shares of the oil and gas exploration company’s stock worth $576,000 after purchasing an additional 889 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of NOV by 2.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 51,567 shares of the oil and gas exploration company’s stock valued at $980,000 after purchasing an additional 1,164 shares during the period. Institutional investors own 93.27% of the company’s stock.

NOV Stock Performance

Shares of NYSE:NOV opened at $15.85 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.61 and a debt-to-equity ratio of 0.27. NOV Inc. has a 12-month low of $15.47 and a 12-month high of $21.71. The company’s 50 day moving average price is $17.62 and its two-hundred day moving average price is $18.34. The firm has a market cap of $6.27 billion, a PE ratio of 6.37, a PEG ratio of 0.50 and a beta of 1.67.

NOV (NYSE:NOV) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.22. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.19 billion. NOV had a return on equity of 10.97% and a net margin of 11.88%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. Equities research analysts predict that NOV Inc. will post 1.63 earnings per share for the current year.

NOV Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.075 per share. The ex-dividend date is Friday, September 13th. This represents a $0.30 annualized dividend and a yield of 1.89%. NOV’s dividend payout ratio is 12.05%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NOV. Evercore ISI raised NOV to a “strong-buy” rating in a research report on Friday, July 26th. Bank of America dropped their price target on NOV from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Piper Sandler reduced their price objective on shares of NOV from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Wells Fargo & Company lowered shares of NOV from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $20.00 to $16.00 in a research report on Wednesday. Finally, Benchmark reiterated a “hold” rating on shares of NOV in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

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.