NOV Inc (NYSE:NOV)’s traded shares stood at 8.17 million during the last session, with the company’s beta value hitting 1.28. At the close of trading, the stock’s price was $11.61, to imply a decrease of -3.25% or -$0.39 in intraday trading. The NOV share’s 52-week high remains $21.20, putting it -82.6% down since that peak but still an impressive 6.63% since price per share fell to its 52-week low of $10.84. The company has a valuation of $4.40B, with an average of 4.53 million shares in intraday trading volume over the past 10 days and average of 5.02 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for NOV Inc (NOV), translating to a mean rating of 2.35. Of 7 analyst(s) looking at the stock, 1 analyst(s) give NOV a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 3 recommend it as a Buy.
NOV Inc (NYSE:NOV) trade information
After registering a -3.25% downside in the last session, NOV Inc (NOV) has traded red over the past five days. The 5-day price performance for the stock is -3.33%, and -23.72% over 30 days. With these gigs, the year-to-date price performance is -20.48%. Short interest in NOV Inc (NYSE:NOV) saw shorts transact 23.03 million shares and set a 4.11 days time to cover.
The extremes give us $12 and $23 for target low and target high price respectively. As such, NOV has been trading -98.11% off suggested target high and -3.36% from its likely low.
NOV Dividends
NOV Inc has its next earnings report out on 2025-Apr-27. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. NOV Inc has a forward dividend ratio of 0.30, with the share yield ticking at 2.58% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.25%.
NOV Inc (NYSE:NOV)’s Major holders
NOV Inc insiders hold 0.78% of total outstanding shares, with institutional holders owning 104.91% of the shares at 105.73% float percentage. In total, 104.91% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 39.57 million shares (or 10.0173% of shares), all amounting to roughly $752.19 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 38.69 million shares, or about 9.7956% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $735.54 million.
We also have First Eagle Funds-First Eagle Global Fund and VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund as the top two Mutual Funds with the largest holdings of the NOV Inc (NOV) shares. Going by data provided on Jan 31, 2025 , First Eagle Funds-First Eagle Global Fund holds roughly 28.26 shares. This is just over 7.46% of the total shares, with a market valuation of $328.04 million. Data from the same date shows that the other fund manager holds a little less at 16.77, or 4.43% of the shares, all valued at about 194.74 million.
