Great Hill Capital LLC Acquires Shares of 239,869 NOV Inc. $NOV

Great Hill Capital LLC bought a new stake in NOV Inc. (NYSE:NOV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 239,869 shares of the oil and gas exploration company’s stock, valued at approximately $3,178,000. NOV accounts for approximately 0.5% of Great Hill Capital LLC’s holdings, making the stock its 19th biggest position. Great Hill Capital LLC owned about 0.07% of NOV at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NOV. CoreFirst Bank & Trust purchased a new stake in NOV in the 2nd quarter worth about $35,000. UMB Bank n.a. boosted its position in NOV by 114.1% during the third quarter. UMB Bank n.a. now owns 3,109 shares of the oil and gas exploration company’s stock worth $41,000 after purchasing an additional 1,657 shares during the period. Hantz Financial Services Inc. increased its stake in shares of NOV by 395.3% in the second quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 2,921 shares in the last quarter. Fifth Third Bancorp raised its position in shares of NOV by 88.4% in the third quarter. Fifth Third Bancorp now owns 5,083 shares of the oil and gas exploration company’s stock valued at $67,000 after purchasing an additional 2,385 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of NOV during the 2nd quarter valued at approximately $80,000. Institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Susquehanna reiterated a “positive” rating and issued a $21.00 price objective on shares of NOV in a research note on Friday, February 6th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $17.00 price target on shares of NOV in a report on Wednesday, January 14th. BMO Capital Markets boosted their price objective on NOV from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Evercore set a $19.00 price objective on NOV in a report on Friday, February 6th. Finally, Barclays upgraded NOV from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $15.00 to $20.00 in a research note on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, NOV currently has a consensus rating of “Hold” and a consensus target price of $18.36.

NOV Stock Down 2.3%

Shares of NYSE NOV opened at $20.17 on Thursday. The stock has a market capitalization of $7.27 billion, a P/E ratio of 53.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.42 and a quick ratio of 1.67. NOV Inc. has a one year low of $10.84 and a one year high of $20.85. The firm’s 50 day simple moving average is $17.93 and its two-hundred day simple moving average is $15.37.

NOV (NYSE:NOV) last announced its quarterly earnings data on Thursday, February 5th. The oil and gas exploration company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.23). The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.17 billion. NOV had a net margin of 1.66% and a return on equity of 3.57%. NOV’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. As a group, analysts expect that NOV Inc. will post 1.4 EPS for the current fiscal year.

NOV Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from NOV’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, March 13th. NOV’s payout ratio is 78.95%.

More NOV News

Here are the key news stories impacting NOV this week:

• Positive Sentiment: NOV raised its quarterly dividend to $0.09 (from $0.08), payable Mar 27 with an ex‑dividend date Mar 13 — a modest income boost that can support the share price and attract yield‑seeking investors. MarketBeat: NOV dividend & stock summary
• Positive Sentiment: Selective institutional buying was reported in Q4 (notably Price T. Rowe adding a large position), which can underpin demand even as other funds trim exposure. QuiverQuant: NOV institutional activity
• Neutral Sentiment: Analyst coverage is mixed but provides valuation context — recent price targets cluster around ~$20 (median ~$20), so upgrades/maintains may stabilize trading even if upside is limited. MarketBeat: analyst ratings & targets
• Neutral Sentiment: Q4 revenue ran about $2.28–2.30B (down ~1.3% YoY) — not a large deterioration but consistent with a cautious near‑term backdrop for drilling activity. QuiverQuant: NOV financials & activity
• Negative Sentiment: Large insider selling: President Joseph W. Rovig sold ~151,086 shares (~$3.05M) and VP/Sr. VP Craig Weinstock sold ~70,000 shares (plus an earlier 10,495‑share sale). These sizable, contemporaneous insider dispositions are typically read negatively by the market and likely pressured the stock. SEC filing: Rovig sale InsiderTrades: Weinstock sale
• Negative Sentiment: Operational and earnings concerns linger — NOV missed Q4 EPS expectations earlier this month and analysts highlight softer drilling activity, cautious M&A posture and offshore/wind uncertainty, which can cap near‑term upside. Zacks: analyst commentary on Q4 weakness

Insider Activity

In other NOV news, insider Joseph W. Rovig sold 151,086 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $20.17, for a total value of $3,047,404.62. Following the completion of the sale, the insider owned 269,694 shares in the company, valued at approximately $5,439,727.98. The trade was a 35.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Craig L. Weinstock sold 70,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $20.08, for a total value of $1,405,600.00. Following the sale, the vice president directly owned 256,319 shares of the company’s stock, valued at approximately $5,146,885.52. This trade represents a 21.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.08% of the stock is currently owned by insiders.

NOV Profile

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.