Qsemble Capital Management LP Acquires Shares of 120,717 NOV Inc. (NYSE:NOV)

Qsemble Capital Management LP purchased a new stake in NOV Inc. (NYSE:NOV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 120,717 shares of the oil and gas exploration company’s stock, valued at approximately $1,928,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rothschild Investment LLC acquired a new position in NOV in the 2nd quarter valued at about $28,000. American National Bank & Trust purchased a new position in shares of NOV in the 3rd quarter valued at approximately $39,000. International Assets Investment Management LLC increased its holdings in shares of NOV by 1,590.1% in the third quarter. International Assets Investment Management LLC now owns 2,907 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 2,735 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of NOV during the second quarter worth approximately $78,000. Finally, Signaturefd LLC lifted its holdings in shares of NOV by 67.6% during the second quarter. Signaturefd LLC now owns 4,443 shares of the oil and gas exploration company’s stock worth $84,000 after purchasing an additional 1,792 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NOV news, Director David D. Harrison sold 1,784 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total transaction of $28,722.40. Following the transaction, the director now owns 110,951 shares of the company’s stock, valued at $1,786,311.10. This trade represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.85% of the company’s stock.

NOV Stock Down 2.2 %

NOV opened at $16.25 on Tuesday. The firm has a market cap of $6.32 billion, a P/E ratio of 6.00, a PEG ratio of 0.96 and a beta of 1.66. The company has a quick ratio of 1.65, a current ratio of 2.57 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $16.05 and its 200 day simple moving average is $17.40. NOV Inc. has a 52 week low of $14.98 and a 52 week high of $21.23.

NOV Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.30 annualized dividend and a yield of 1.85%. NOV’s dividend payout ratio (DPR) is presently 11.07%.

Analysts Set New Price Targets

A number of equities analysts have commented on NOV shares. BMO Capital Markets cut their price objective on shares of NOV from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. Barclays reduced their price objective on shares of NOV from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Tuesday, October 29th. Wells Fargo & Company dropped their target price on NOV from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on NOV from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Morgan Stanley dropped their price objective on NOV from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.64.

NOV Company 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.