12.23 USD
-0.30
2.39%
Updated Apr 21, 3:33 PM EDT
1 day
-2.39%
5 days
0.58%
1 month
-16.46%
3 months
-21.20%
6 months
-20.99%
Year to date
-16.80%
1 year
-34.21%
5 years
6.53%
10 years
-76.98%
 

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: 34,010

0
Funds holding %
of 7,419 funds
0
Analysts bullish %
of 7 analysts

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

224% more call options, than puts

Call options by funds: $30.2M | Put options by funds: $9.33M

50% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]

18% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 66

4.42% more ownership

Funds ownership: 93.11% [Q3] → 97.53% (+4.42%) [Q4]

2% more funds holding

Funds holding: 423 [Q3] → 430 (+7) [Q4]

4% less repeat investments, than reductions

Existing positions increased: 144 | Existing positions reduced: 150

5% less capital invested

Capital invested by funds: $5.85B [Q3] → $5.54B (-$310M) [Q4]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$13
6%
upside
Avg. target
$18.14
48%
upside
High target
$23
88%
upside

7 analyst ratings

positive
57%
neutral
14%
negative
29%
Stifel
Stephen Gengaro
34% 1-year accuracy
34 / 100 met price target
88%upside
$23
Buy
Maintained
15 Apr 2025
Susquehanna
Charles Minervino
32% 1-year accuracy
21 / 66 met price target
55%upside
$19
Positive
Maintained
14 Apr 2025
Goldman Sachs
Neil Mehta
41% 1-year accuracy
24 / 59 met price target
6%upside
$13
Sell
Maintained
10 Apr 2025
RBC Capital
Keith Mackey
10% 1-year accuracy
2 / 21 met price target
80%upside
$22
Outperform
Upgraded
24 Mar 2025
Barclays
David Anderson
27% 1-year accuracy
23 / 84 met price target
6%upside
$13
Underweight
Maintained
18 Feb 2025

Financial journalist opinion

Based on 3 articles about NOV published over the past 30 days

Negative
Zacks Investment Research
4 hours ago
Earnings Preview: Nov Inc. (NOV) Q1 Earnings Expected to Decline
Nov Inc. (NOV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Earnings Preview: Nov Inc. (NOV) Q1 Earnings Expected to Decline
Positive
Zacks Investment Research
3 weeks ago
NOV & Petrobras Collaborate to Develop CO2-Resistant Flexible Pipes
NOV mentions that the new technology will help combat SCC, which affects oil and gas subsea infrastructure. It also aims to retain the core features of standard flexible pipes.
NOV & Petrobras Collaborate to Develop CO2-Resistant Flexible Pipes
Positive
Zacks Investment Research
4 weeks ago
Here's Why Retaining NOV Stock Makes Sense in the Current Market
NOV's robust cash flow and growing backlog position it well, but risks from declining demand and commodity price fluctuations may impact growth.
Here's Why Retaining NOV Stock Makes Sense in the Current Market
Neutral
Business Wire
1 month ago
NOV Announces Key Leadership Changes
HOUSTON--(BUSINESS WIRE)--NOV Announces Key Leadership Changes.
NOV Announces Key Leadership Changes
Negative
Investors Business Daily
1 month ago
Do You Own 15 Stocks Morningstar Calls The Top 'Wealth Destroyers?'
The S&P 500 can generate massive wealth. But stocks can decimate portfolio values, too.
Do You Own 15 Stocks Morningstar Calls The Top 'Wealth Destroyers?'
Neutral
Business Wire
1 month ago
NOV Declares Regular Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--NOV Declares Regular Quarterly Dividend.
NOV Declares Regular Quarterly Dividend
Neutral
Seeking Alpha
2 months ago
NOV: Shareholder Returns Have Likely Peaked For Now
NOV exceeded expectations for Q4 2024, thereby leading to a potential $80m supplemental dividend payment. A large working capital draw during 2024 boosted free cash flow, but this is not expected to be repeated during 2025. Since no capital expenditure cuts are planned for 2025 versus 2024, it also limits the potential for free cash flow.
NOV: Shareholder Returns Have Likely Peaked For Now
Neutral
Seeking Alpha
2 months ago
NOV Inc. (NOV) Q4 2024 Earnings Call Transcript
NOV Inc. (NYSE:NOV ) Q4 2024 Earnings Conference Call February 5, 2025 11:00 AM ET Company Participants Amie D'Ambrosio - Director of Investor Relations Clay Williams - Chairman, President and Chief Executive Officer Jose Bayardo - Senior Vice President and Chief Financial Officer Conference Call Participants Jim Rollyson - Raymond James Roger Read - Wells Fargo Securities Daniel Kutz - Morgan Stanley Waqar Syed - ATB Capital Markets Operator Good day ladies and gentlemen, and thank you for standing by. Welcome to the NOV Fourth Quarter 2024 Earnings Conference Call.
NOV Inc. (NOV) Q4 2024 Earnings Call Transcript
Neutral
Zacks Investment Research
2 months ago
NOV Q4 Earnings Surpass Estimates, Revenues Decrease Y/Y
NOV expects a 1-3% year-over-year decline in revenues and adjusted EBITDA between $235 million and $265 million for first-quarter 2025.
NOV Q4 Earnings Surpass Estimates, Revenues Decrease Y/Y
Neutral
Zacks Investment Research
2 months ago
Nov Inc. (NOV) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Nov Inc. (NOV) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Nov Inc. (NOV) Reports Q4 Earnings: What Key Metrics Have to Say
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