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
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
64% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 47
7% more funds holding
Funds holding: 394 [Q2] → 421 (+27) [Q3]
0.23% less ownership
Funds ownership: 93.56% [Q2] → 93.33% (-0.23%) [Q3]
17% less capital invested
Capital invested by funds: $7.03B [Q2] → $5.87B (-$1.17B) [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
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Evercore ISI Group James West 45% 1-year accuracy 17 / 38 met price target | 10%upside $18 | In-Line Downgraded | 15 Jan 2025 |
Barclays David Anderson 42% 1-year accuracy 33 / 79 met price target | 27%downside $12 | Underweight Maintained | 18 Dec 2024 |
ATB Capital Waqar Syed 0% 1-year accuracy 0 / 1 met price target | 16%upside $19 | Sector Perform Downgraded | 10 Dec 2024 |
Citigroup Scott Gruber 43% 1-year accuracy 30 / 69 met price target | 10%upside $18 | Neutral Downgraded | 11 Nov 2024 |
Financial journalist opinion
Based on 5 articles about NOV published over the past 30 days
