NOV
About: NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing nearly two thirds of its annual revenue.
Employees: 33,676
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
719% more call options, than puts
Call options by funds: $51.8M | Put options by funds: $6.32M
54% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 50
7% more funds holding
Funds holding: 394 [Q2] → 421 (+27) [Q3]
0.15% less ownership
Funds ownership: 93.27% [Q2] → 93.12% (-0.15%) [Q3]
17% less capital invested
Capital invested by funds: $7.01B [Q2] → $5.85B (-$1.16B) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 155
60% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 2 (-3) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$12
15%
downside
Avg. target
$19.30
37%
upside
High target
$24
71%
upside
10 analyst ratings
5 positive
50%
3 neutral
30%
2 negative
20%
Barclays David Anderson 43% 1-year accuracy 34 / 80 met price target | 15%downside $12 | Underweight Maintained | 18 Dec 2024 |
ATB Capital Waqar Syed 0% 1-year accuracy 0 / 1 met price target | 35%upside $19 | Sector Perform Downgraded | 10 Dec 2024 |
Citigroup Scott Gruber 41% 1-year accuracy 27 / 66 met price target | 28%upside $18 | Neutral Downgraded | 11 Nov 2024 |
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target | 7%upside $15 | Underweight Maintained | 4 Nov 2024 |
TD Cowen Marc Bianchi 47% 1-year accuracy 14 / 30 met price target | 56%upside $22 | Buy Maintained | 28 Oct 2024 |
Financial journalist opinion
Based on 6 articles about NOV published over the past 30 days
Neutral
Business Wire
5 days ago
NOV Appoints Chris Kendall to the Board of Directors
HOUSTON--(BUSINESS WIRE)--NOV Appoints Chris Kendall to the Board of Directors.
Negative
Zacks Investment Research
2 weeks ago
3 Must-Watch Oil Equipment Stocks Rising Above Industry Challenges
Lower equipment demand and impact of uncontracted periods on offshore drilling equipment needs make the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry gloomy. NOV, Kodiak Gas (KGS) and Matrix Service (MTRX) are trying to survive industry challenges.
Positive
Zacks Investment Research
2 weeks ago
Why Nov Inc. (NOV) is a Top Value Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Neutral
Schwab Network
2 weeks ago
The Big 3: DJT, JD, NOV
Today's Big 3 turns to social media, the China trade and oil production. Alan Knuckman explains his picks in Trump Media & Technology (DJT), JD.com (JD), and Nov Inc. (NOV).
Positive
Zacks Investment Research
2 weeks ago
Here's Why Nov Inc. (NOV) is a Strong Growth Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Positive
Zacks Investment Research
4 weeks ago
NOV's Quick Connector Streamlines Lifting for Offshore Industry
NOV's subsidiary GustoMSC has developed the Quick Connector, which enhances safety and efficiency in offshore lifting.
Neutral
Business Wire
1 month ago
NOV Declares Regular Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--NOV Inc. (NYSE: NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on December 20, 2024 to each stockholder of record on December 6, 2024. About NOV NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The.
Neutral
Business Wire
1 month ago
Venture Builder VC Launches NOV Supernova Accelerator to Drive Digital Transformation in Upstream Oil & Gas with Disruptive Startups
HOUSTON--(BUSINESS WIRE)-- #corporateinnovation--Venture Builder VC has announced the launch of the NOV Supernova Accelerator, a new program cohort in partnership with NOV Inc. (NYSE: NOV), a prominent leader in technology, equipment, and services for the oil and gas sector. This cohort will focus on accelerating innovative solutions for NOV's digital transformation initiatives in the upstream oil and gas industry, leveraging Venture Builder VC's expertise in scaling high-potential startups. This five-month program w.
Positive
Zacks Investment Research
1 month ago
Why Nov Inc. (NOV) is a Top Growth Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Negative
Benzinga
1 month ago
These Analysts Lower Their Forecasts On NOV Following Q3 Results
NOV Inc. NOV posted weak results for the third quarter, after the closing bell on Thursday.
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