Nordea Investment Management AB purchased a new stake in NOV Inc. (NYSE:NOV – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 171,493 shares of the oil and gas exploration company’s stock, valued at approximately $2,514,000.
A number of other large investors also recently bought and sold shares of NOV. Quarry LP acquired a new position in shares of NOV during the 3rd quarter worth approximately $36,000. American National Bank & Trust acquired a new position in shares of NOV during the 3rd quarter worth approximately $39,000. International Assets Investment Management LLC raised its stake 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 buying an additional 2,735 shares during the period. Brooklyn Investment Group acquired a new position in shares of NOV during the 3rd quarter worth approximately $48,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of NOV during the second quarter worth approximately $78,000. 93.27% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director David D. Harrison sold 1,784 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 110,951 shares in the company, valued at $1,786,311.10. This represents a 1.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.85% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on NOV
NOV Trading Down 0.7 %
NOV stock opened at $14.52 on Friday. NOV Inc. has a 52 week low of $13.94 and a 52 week high of $21.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 2.57. The firm has a market capitalization of $5.65 billion, a PE ratio of 5.36, a PEG ratio of 0.87 and a beta of 1.66. The business’s 50-day simple moving average is $15.37 and its 200-day simple moving average is $16.62.
NOV Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, December 6th. NOV’s payout ratio is currently 11.07%.
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.
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