NOV Inc. announced a quarterly cash dividend of $0.075 per share, payable September 26, 2025.
Quiver AI Summary
NOV Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.075 per share of common stock, set to be paid on September 26, 2025, to shareholders recorded by September 12, 2025. NOV, a leader in providing technology-driven solutions for the global energy industry for over 150 years, continues to focus on innovations that enhance energy production while mitigating environmental impacts. The company emphasizes its role in improving oilfield operations and facilitating the energy transition towards sustainability. Additionally, the press release includes a caution regarding forward-looking statements and advises readers to consult SEC filings for potential risks that may affect actual results.
Potential Positives
- NOV Inc. declared a regular quarterly cash dividend of $0.075 per share, indicating financial stability and a commitment to returning value to shareholders.
- The dividend announcement reflects confidence from the Board of Directors in the company’s ongoing profitability and cash flow generation.
- The scheduled dividend payment reinforces NOV's position as a reliable investment option in the energy sector.
- The release highlights NOV's long-standing history of innovation and dedication to minimizing environmental impact, aligning with current market trends towards sustainability.
Potential Negatives
- The declared cash dividend of $0.075 per share may indicate limited cash flow or profitability, raising concerns about the company's financial health.
- The reliance on forward-looking statements highlights uncertainty regarding the company’s future performance and potential risks, which may concern investors.
- The cautionary statement suggests that there are significant risk factors involved, which could negatively impact the company's stock and investor confidence.
FAQ
What is the quarterly dividend declared by NOV Inc.?
NOV Inc. declared a quarterly cash dividend of $0.075 per share of common stock.
When will the dividend be paid to stockholders?
The dividend will be payable on September 26, 2025.
What is the record date for the dividend payment?
The record date for the dividend payment is September 12, 2025.
What does NOV Inc. specialize in?
NOV Inc. specializes in technology-driven solutions for the global energy industry.
How long has NOV been operating in the energy sector?
NOV has been pioneering innovations in the energy sector 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 Hedge Fund Activity
We have seen 226 institutional investors add shares of $NOV stock to their portfolio, and 255 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AMERIPRISE FINANCIAL INC removed 5,087,705 shares (-89.0%) from their portfolio in Q1 2025, for an estimated $77,434,870
- AMERICAN CENTURY COMPANIES INC added 4,519,957 shares (+585.8%) to their portfolio in Q2 2025, for an estimated $56,183,065
- FIRST PACIFIC ADVISORS, LP added 3,526,754 shares (+101.0%) to their portfolio in Q2 2025, for an estimated $43,837,552
- AQR CAPITAL MANAGEMENT LLC added 3,362,853 shares (+88.9%) to their portfolio in Q1 2025, for an estimated $51,182,622
- ARIEL INVESTMENTS, LLC removed 2,294,639 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $34,924,405
- DEPRINCE RACE & ZOLLO INC removed 1,983,938 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $30,195,536
- MILLENNIUM MANAGEMENT LLC removed 1,617,929 shares (-92.8%) from their portfolio in Q1 2025, for an estimated $24,624,879
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 4 firms issue buy ratings on the stock, and 3 firms issue sell ratings.
Here are some recent analyst ratings:
- RBC Capital issued a "Outperform" rating on 07/30/2025
- Stifel issued a "Buy" rating on 07/30/2025
- Susquehanna issued a "Positive" rating on 07/30/2025
- Wells Fargo issued a "Underweight" rating on 06/05/2025
- Morgan Stanley issued a "Overweight" rating on 05/16/2025
- Barclays issued a "Underweight" rating on 04/30/2025
- Goldman Sachs issued a "Sell" rating on 04/10/2025
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 10 analysts offer price targets for $NOV in the last 6 months, with a median target of $15.0.
Here are some recent targets:
- Keith Mackey from RBC Capital set a target price of $18.0 on 07/30/2025
- Stephen Gengaro from Stifel set a target price of $20.0 on 07/30/2025
- Arun Jayaram from JP Morgan set a target price of $15.0 on 07/30/2025
- James West from Evercore ISI Group set a target price of $14.0 on 07/30/2025
- Charles Minervino from Susquehanna set a target price of $17.0 on 07/30/2025
- Roger Read from Wells Fargo set a target price of $10.0 on 06/05/2025
- Elizabeth Porter from Morgan Stanley set a target price of $15.0 on 05/16/2025
Full Release
HOUSTON, Aug. 14, 2025 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.075 per share of common stock, payable on September 26, 2025 to each stockholder of record on September 12, 2025.
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.
View source version on globenewswire.com: https://www.globenewswire.com/NewsRoom/ReleaseNg/7098736
Source: NOV Inc.
CONTACT:
Amie D’Ambrosio
Director, Investor Relations
(713) 375-3826
[email protected]
