NOV Inc. (NOV)

Over the past six months, NOV's stock has trended upwards by approximately 41.96%. In February 2026, NOV announced a 20% increase in its quarterly dividend to $0.09 per share, BMO Capital raised NOV's price target from $19 to $20, and Barclays upgraded NOV to "equal weight," increasing its price target to $20. The company reported fourth-quarter 2025 adjusted earnings of $0.02 per share, below estimates, but the stock price increased by 35.7% over the three months leading up to February 23, 2026. In March 2026, TD Cowen downgraded NOV to 'Hold' from 'Strong Buy'. NOV announced plans to invest $200 million to expand its subsea flexible pipe manufacturing capacity in Brazil, with new capacity targeted for late 2029. The stock experienced some volatility, with price movements both above and below its 15-day and 50-day moving averages.

Demand for NOV Inc.'s products and services is primarily driven by the overall activity levels in the global oil and gas industry, which are heavily influenced by worldwide oil and gas prices. The company experiences some seasonality, with a "seasonal improvement in cash flow from operations" noted in the second quarter of 2024. While North American short-cycle businesses have been a key driver of post-pandemic recovery, international and offshore markets are expected to accelerate. Declining drilling activity in key international markets such as Saudi Arabia and Argentina negatively impacted the Energy Products and Services segment in 2025.

NOV Inc. is a global leader providing equipment, technologies, and services to the energy industry, particularly upstream oil and gas. Headquartered in Houston, Texas, it operates in the Oil & Gas Equipment & Services industry with two primary segments: Energy Products and Services, and Energy Equipment. Its product portfolio includes drilling rigs, downhole tools, well construction systems, production optimization technologies, capital equipment, consumables, digital products, and processing solutions.

NOV Inc. has a substantial global presence, operating in over 60 countries with more than 500 facilities across six continents. This widespread presence allows the company to serve major oil and gas operators worldwide and adapt to diverse regional market dynamics and regulatory environments. International markets contribute nearly two-thirds of its annual revenue.

NOV Inc. maintains a reputation for technological leadership and innovation within the energy industry. The company emphasizes its commitment to developing solutions that enhance safety, efficiency, and sustainability in oilfield operations, including energy transition technologies. Continued investment in digital solutions and proprietary technologies like the MaxTM platform, securing a contract for a next-generation GustoMSC NG-16000X Wind Turbine Installation Vessel for Hanwha Ocean, and the announcement of a $200 million investment to expand its subsea flexible pipe manufacturing capacity in Brazil have contributed to its reputation. The company's performance and perception are tied to the cyclical nature of the oil and gas industry and geopolitical risks.

Institutional investors are the primary holders of NOV Inc. stock, collectively holding a significant portion of the outstanding shares, ranging from approximately 78.3% to 102.87% of shares outstanding. Major institutional owners include Pzena Investment Management Llc, First Eagle Investment Management, LLC, Vanguard Group Inc, BlackRock, Inc., Hotchkis & Wiley Capital Management Llc, Dimensional Fund Advisors Lp, and State Street Corp. Individual insider ownership is relatively low, around 1.53%.