NOVNOV
Market Cap: $6.39B
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 Q2 SEC filings by fund managers ($100M+ AUM)
1,112% more call options, than puts
Call options by funds: $44.2M | Put options by funds: $3.65M
12% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 121
0.74% less ownership
Funds ownership: 93.34% [Q1] → 92.6% (-0.74%) [Q2]
3% less capital invested
Capital invested by funds: $7.18B [Q1] → $6.96B (-$215M) [Q2]
9% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 58
1% less funds holding
Funds holding: 396 [Q1] → 391 (-5) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Barclays David Anderson 39% 1-year accuracy 14 / 36 met price target | 23%upside $20 | Underweight Maintained | 30 Jul 2024 |
TD Cowen Marc Bianchi 8% 1-year accuracy 1 / 13 met price target | 73%upside $28 | Buy Maintained | 29 Jul 2024 |
RBC Capital Keith Mackey 28% 1-year accuracy 5 / 18 met price target | 48%upside $24 | Sector Perform Reiterated | 29 Jul 2024 |
B of A Securities Saurabh Pant 0% 1-year accuracy 0 / 5 met price target | 36%upside $22 | Buy Maintained | 15 Jul 2024 |
Piper Sandler Luke Lemoine 19% 1-year accuracy 5 / 26 met price target | 23%upside $20 | Neutral Maintained | 15 Jul 2024 |
Financial journalist opinion
Based on 5 articles about NOV published over the past 30 days