NOV Inc. $NOV Shares Sold by New York State Teachers Retirement System

07 May 2026, 05:25 by Jessica Moore · The Cerbat Gem

New York State Teachers Retirement System cut its stake in shares of NOV Inc. (NYSE:NOV – Free Report) by 12.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 370,111 shares of the oil and gas exploration company’s stock after selling 53,288 shares during the period. New York State Teachers Retirement System’s holdings in NOV were worth $5,785,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vest Financial LLC raised its position in NOV by 13.5% during the fourth quarter. Vest Financial LLC now owns 430,231 shares of the oil and gas exploration company’s stock worth $6,725,000 after acquiring an additional 51,175 shares during the period. M&T Bank Corp raised its position in NOV by 23.3% during the fourth quarter. M&T Bank Corp now owns 22,726 shares of the oil and gas exploration company’s stock worth $355,000 after acquiring an additional 4,291 shares during the period. Sanctuary Advisors LLC raised its position in NOV by 5.6% during the fourth quarter. Sanctuary Advisors LLC now owns 16,382 shares of the oil and gas exploration company’s stock worth $256,000 after acquiring an additional 872 shares during the period. Legacy Capital Group California Inc. acquired a new position in NOV during the fourth quarter worth $184,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in NOV by 7.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 388,461 shares of the oil and gas exploration company’s stock worth $6,076,000 after acquiring an additional 27,033 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Joseph W. Rovig sold 151,086 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $20.17, for a total transaction of $3,047,404.62. Following the completion of the sale, the insider directly owned 269,694 shares in the company, valued at approximately $5,439,727.98. This trade represents a 35.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Craig L. Weinstock sold 70,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $20.08, for a total transaction of $1,405,600.00. Following the sale, the vice president owned 256,319 shares of the company’s stock, valued at approximately $5,146,885.52. The trade was a 21.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Argus upgraded shares of NOV to a “hold” rating in a research report on Tuesday, February 10th. Barclays upgraded shares of NOV from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $15.00 to $20.00 in a research report on Wednesday, February 4th. TD Cowen upgraded shares of NOV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group increased their target price on shares of NOV from $17.00 to $20.00 and gave the company a “sell” rating in a research report on Wednesday, March 4th. Finally, Evercore upgraded shares of NOV to a “hold” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.29.

View Our Latest Stock Analysis on NOV

NOV Price Performance

Shares of NYSE NOV opened at $20.18 on Thursday. The firm has a 50-day simple moving average of $19.41 and a 200-day simple moving average of $17.55. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 84.07 and a beta of 0.92. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.27. NOV Inc. has a 52 week low of $11.65 and a 52 week high of $20.93.

NOV (NYSE:NOV – Get Free Report) last issued its earnings results on Monday, April 27th. The oil and gas exploration company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). NOV had a net margin of 1.05% and a return on equity of 3.34%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the company earned $0.19 earnings per share. NOV’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts predict that NOV Inc. will post 0.93 earnings per share for the current fiscal year.

NOV Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.09 per share. The ex-dividend date was Friday, March 13th. This is an increase from NOV’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.8%. NOV’s dividend payout ratio (DPR) is 150.00%.

About NOV

(Free Report)

National Oilwell Varco (NYSE: NOV) is a leading provider of equipment and technology to the oil and gas industry. The company designs, manufactures and services an extensive portfolio of products used in drilling, completion and production operations. Its offerings include drilling rigs and related components, wellbore technologies such as tubulars and completion tools, surface equipment including mud pumps and blowout preventers, and aftermarket parts and services that support ongoing field operations.

NOV’s business is organized to serve upstream energy companies around the world.

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