NOV Inc. has increased its quarterly cash dividend by 20% to $0.09 per share, payable March 27, 2026.
Quiver AI Summary
NOV Inc. has announced a 20 percent increase in its quarterly cash dividend, raising it to $0.09 per share of common stock. The new dividend will be payable on March 27, 2026, to stockholders recorded as of March 13, 2026. NOV has a long history of providing technology-driven solutions to the energy industry, focusing on safe and environmentally conscious energy production. The company emphasizes its role in advancing both oilfield operations and the global energy transition towards sustainability. The press release also includes a forward-looking statement warning about potential risks that could affect future results, along with a reminder to refer to SEC filings for detailed risk factors.
Potential Positives
- NOV Inc. has increased its regular quarterly cash dividend by 20%, which signals financial strength and a commitment to returning value to shareholders.
- The increase in the dividend reinforces investor confidence and may attract new investors seeking dividend-paying stocks.
- The upcoming dividend payment date indicates a timely distribution to shareholders, enhancing the perceived reliability of NOV as a dividend-paying company.
Potential Negatives
- Forward-looking statements indicate potential risks and uncertainties that may affect future performance, suggesting possible volatility in the company's stock and operations.
FAQ
What is the new quarterly cash dividend amount announced by NOV Inc.?
NOV Inc. announced a quarterly cash dividend increase to $0.09 per share of common stock.
When will the new dividend be payable?
The increased dividend will be payable on March 27, 2026.
What is the record date for the dividend payment?
The record date for receiving the dividend is March 13, 2026.
What does NOV Inc. specialize in?
NOV Inc. specializes in technology-driven solutions for the global energy industry.
How long has NOV Inc. been in operation?
NOV Inc. has been innovating and providing solutions for over 150 years.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NOV Insider Trading Activity
$NOV insiders have traded $NOV stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NOV stock by insiders over the last 6 months:
- CHRISTIAN S KENDALL has made 2 purchases buying 70,000 shares for an estimated $1,012,200 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NOV Revenue
$NOV had revenues of $2.3B in Q4 2025. This is a decrease of -1.34% from the same period in the prior year.
You can track NOV financials on Quiver Quantitative's NOV stock page.
$NOV Hedge Fund Activity
We have seen 196 institutional investors add shares of $NOV stock to their portfolio, and 281 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 7,280,774 shares (-18.3%) from their portfolio in Q4 2025, for an estimated $113,798,497
- PRICE T ROWE ASSOCIATES INC /MD/ added 4,785,015 shares (+1743.9%) to their portfolio in Q4 2025, for an estimated $74,789,784
- PACER ADVISORS, INC. removed 3,267,354 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $51,068,743
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 2,970,048 shares (-76.2%) from their portfolio in Q4 2025, for an estimated $46,421,850
- ROYAL BANK OF CANADA removed 2,473,483 shares (-98.0%) from their portfolio in Q4 2025, for an estimated $38,660,539
- BANK OF AMERICA CORP /DE/ removed 1,435,821 shares (-26.9%) from their portfolio in Q4 2025, for an estimated $22,441,882
- UBS GROUP AG removed 1,311,204 shares (-68.2%) from their portfolio in Q4 2025, for an estimated $20,494,118
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$NOV Analyst Ratings
Wall Street analysts have issued reports on $NOV in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Underweight" rating on 10/30/2025
- RBC Capital issued a "Outperform" rating on 10/29/2025
- Stifel issued a "Buy" rating on 10/29/2025
To track analyst ratings and price targets for $NOV, check out Quiver Quantitative's $NOV forecast page.
$NOV Price Targets
Multiple analysts have issued price targets for $NOV recently. We have seen 9 analysts offer price targets for $NOV in the last 6 months, with a median target of $20.0.
Here are some recent targets:
- Scott Gruber from Citigroup set a target price of $20.0 on 02/11/2026
- Luke Lemoine from Piper Sandler set a target price of $18.0 on 02/09/2026
- Phillip Jungwirth from BMO Capital set a target price of $20.0 on 02/09/2026
- Stephen Gengaro from Stifel set a target price of $21.0 on 02/06/2026
- David Anderson from Barclays set a target price of $20.0 on 02/04/2026
- Marc Bianchi from TD Cowen set a target price of $22.0 on 01/07/2026
- Charles Minervino from Susquehanna set a target price of $20.0 on 01/07/2026
Full Release
HOUSTON, Feb. 20, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) announced today that its Board of Directors voted to increase its regular quarterly cash dividend by 20 percent to $0.09 per share of common stock. The quarterly dividend is payable on March 27, 2026 to each stockholder of record on March 13, 2026.
About NOV
NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.
Cautionary Statement for the Purpose of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995
Statements made in this press release that are forward-looking in nature are intended to be “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from the actual future events or results. Readers are referred to documents filed by NOV with the Securities and Exchange Commission, including the Annual Report on Form 10-K, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements. These statements speak only as of the date of this document, and we undertake no obligation to update or revise the statements, except as may be required by law.
Visit www.nov.com for more information.
CONTACT:
Amie D’Ambrosio
Director, Investor Relations
(713) 375-3826
[email protected]
