National Oilwell Varco Inc. ($NOV) Stock Forecast: Up 5.1% Today

What is National Oilwell Varco Inc.?

NOV Inc. ($NOV) operates in the oil and gas equipment and services industry. The stock showed a notable bullish movement today in the market.

Why is National Oilwell Varco Inc. going up?

NOV stock is up 5.1% on Feb 4, 2026 17:06

• Several institutional investors have been actively purchasing shares of NOV Inc., including notable names such as New York State Common Retirement Fund, Keybank National Association OH, Greenhaven Associates Inc., Tejara Capital Ltd, and SummerHaven Investment Management LLC.
• Director Christian S. Kendall displayed confidence in the company by significantly increasing his holdings through the purchase of 70,000 shares.
• Despite differing analyst ratings and a failure to meet earnings expectations in Q3, the surge in institutional ownership and insider buying are likely factors behind the positive stock movement seen in NOV.
• Overall market sentiment appears to be favorable towards NOV Inc., with a significant portion of the company's stock being held by institutions, reflecting strong investor interest in the company's future prospects.

NOV Price Chart

NOV Technical Analysis

NOV News

New York State Common Retirement Fund Sells 217,945 Shares of NOV Inc. $NOV

The New York State Common Retirement Fund reduced its stake in NOV Inc. by 15.2% in the third quarter, selling 217,945 shares and now holding 1,214,648 shares valued at approximately $16.09 million. Despite this institutional sell-off, a company director, Christian S. Kendall, significantly increased his holdings by purchasing 70,000 shares. The article also notes that NOV recently paid a quarterly dividend and carries a consensus "Hold" rating from analysts with an average target price of $16.92.

https://www.marketbeat.com/instant-alerts/filing-new-york-state-common-retirement-fund-sells-217945-shares-of-nov-inc-nov-2026-02-02/

300,206 Shares in NOV Inc. $NOV Bought by Keybank National Association OH

Keybank National Association OH has acquired a new stake in NOV Inc. (NYSE:NOV), purchasing 300,206 shares valued at approximately $3.98 million during the third quarter. This move is part of a broader trend of institutional investors increasing their holdings in NOV, with total institutional ownership reaching around 93.27%. Analysts currently have a consensus "Hold" rating on NOV stock, with a target price of $16.92.

https://www.marketbeat.com/instant-alerts/filing-300206-shares-in-nov-inc-nov-bought-by-keybank-national-association-oh-2026-02-02/

Greenhaven Associates Inc. Grows Position in NOV Inc. $NOV

Greenhaven Associates Inc. significantly increased its stake in NOV Inc. by 15.4% during the third quarter, making NOV its 14th largest holding. Institutional ownership of NOV is high at 93.27%, and a director recently bought 70,000 shares. Analyst ratings for NOV are mixed, with an average "Hold" rating and a target price of $16.92.

https://www.marketbeat.com/instant-alerts/filing-greenhaven-associates-inc-grows-position-in-nov-inc-nov-2026-02-01/

Tejara Capital Ltd Acquires 166,692 Shares of NOV Inc. $NOV

Tejara Capital Ltd significantly increased its stake in NOV Inc. by 33.1% in Q3, purchasing 166,692 shares to bring its total holding to 670,199 shares, now making NOV its fourth-largest holding. Other institutional investors like Gateway Investment Advisers LLC, Voya Investment Management LLC, and HSBC Holdings PLC also boosted their positions, contributing to hedge funds and institutions owning 93.27% of NOV. Furthermore, insider confidence is indicated by Director Christian S. Kendall's acquisition of 70,000 shares, increasing his holding by 438.9%.

https://www.marketbeat.com/instant-alerts/filing-tejara-capital-ltd-acquires-166692-shares-of-nov-inc-nov-2026-02-01/

SummerHaven Investment Management LLC Buys New Position in NOV Inc. $NOV

SummerHaven Investment Management LLC acquired a new stake of 61,818 shares in NOV Inc. (NYSE:NOV) during the third quarter, valued at approximately $819,000. Other institutional investors also increased their holdings, with institutions collectively owning 93.27% of the company's stock. Despite missing Q3 earnings estimates, a director purchased 70,000 shares, indicating insider confidence, and analysts have issued mixed ratings for the stock.

https://www.marketbeat.com/instant-alerts/filing-summerhaven-investment-management-llc-buys-new-position-in-nov-inc-nov-2026-01-29/

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National Oilwell Varco Inc. Price History

23.08.2025 - NOV Stock was up 7.4%

• Securing a crucial contract for Argentina's inaugural FLNG project opens up substantial growth potential for NOV in a previously untapped market.
• This contract victory highlights NOV's adeptness in delivering vital systems for offshore ventures, instilling optimism among investors about the company's future growth.
• The upswing in NOV's stock price can be linked to this favorable development, with investors foreseeing enhanced revenue and market presence for the company in the energy sector.

08.00.2026 - NOV Stock was up 5.1%

• The announcement of NOV's upcoming fourth quarter and full year 2025 earnings conference call has likely generated positive investor sentiment and anticipation for strong financial results.
• The surge in NOV's stock price by 6.5% can be attributed to the rise in WTI crude oil prices, indicating a positive correlation between oil prices and NOV's performance.
• Despite reaching a new 52-week high and positive insider buying activity, mixed analyst sentiment and previous earnings miss may have led to cautious optimism among investors regarding NOV's future performance.
• The disconnect between NOV's share price growth and three-year earnings decline suggests that market sentiment may not fully align with the company's business performance, prompting a closer watch on sustained gains.

28.09.2025 - NOV Stock was up 5.9%

• Despite missing Q3 earnings estimates, NOV had a strong bullish movement, indicating that investors may be focusing on other positive aspects of the company's performance.
• The appointment of Jose Bayardo to the Board of Directors could be seen as a positive move by investors, potentially boosting confidence in the company's leadership and strategic direction.
• The strong bookings and cash flow from operations reported in the third quarter results may have contributed to the bullish movement, showing resilience in NOV's financial performance despite challenges in the drilling demand.
• Overall, the market movement could be a result of a combination of factors, including positive financial results, strategic appointments, and investor optimism about the company's future prospects.

04.01.2026 - NOV Stock was up 5.1%

• Several institutional investors have been actively purchasing shares of NOV Inc., including notable names such as New York State Common Retirement Fund, Keybank National Association OH, Greenhaven Associates Inc., Tejara Capital Ltd, and SummerHaven Investment Management LLC.
• Director Christian S. Kendall displayed confidence in the company by significantly increasing his holdings through the purchase of 70,000 shares.
• Despite differing analyst ratings and a failure to meet earnings expectations in Q3, the surge in institutional ownership and insider buying are likely factors behind the positive stock movement seen in NOV.
• Overall market sentiment appears to be favorable towards NOV Inc., with a significant portion of the company's stock being held by institutions, reflecting strong investor interest in the company's future prospects.

03.11.2025 - NOV Stock was up 6.0%

• NOV stock saw a bullish movement attributed to optimistic investors following positive earnings estimates post the last financial report.
• Investor optimism about NOV's future performance may be linked to indicators mentioned.
• Favorable market reaction to recent financial performance is propelling NOV's stock price upwards.

16.11.2025 - NOV Stock was down 5.1%

• Despite a Neutral recommendation and an increased price target from Citigroup, NOV Inc. observed a bearish movement, potentially influenced by market conditions or company-specific factors.
• The recent strategic partnership with Natura Resources and the acquisition of Shepherd Power in line with the small modular reactor strategy were viewed as positive long-term developments but did not deter the short-term bearish movement.
• NOV Inc.'s recent achievement of a 52-week high, coupled with a robust financial health score and consistent dividend track record, may have heightened expectations, leading to profit-taking and the bearish trend.
• Despite daily gains, NOV Inc. lagging behind its competitors might suggest investor attention shifting to other companies in the sector, impacting NOV's stock price negatively.

29.06.2025 - NOV Stock was down 8.0%

• Q2 earnings for NOV fell below projected figures, with both earnings and revenue missing expectations.
• Speculation of reduced revenues and higher cost of goods sold prior to the earnings announcement likely influenced the stock's negative movement.
• Investor apprehension regarding NOV's financial standing and future prospects may have prompted the selling of NOV shares.
• The unsatisfactory Q2 results and worries about the company's financial stability appear to be key factors driving the negative sentiment surrounding NOV's stock today.

20.10.2025 - NOV Stock was down 5.2%

• NOV's decision to declare a regular quarterly dividend could be interpreted by investors as a sign of cash distribution rather than investment in growth opportunities, potentially influencing the bearish sentiment.
• The recent announcement of a leadership transition, including the retirement of Clay Williams and the appointment of Jose Bayardo as CEO effective January 1, 2026, may have created uncertainty and raised questions about the company's future trajectory, contributing to the bearish market trend.
• The conjunction of the dividend declaration and the leadership changes might be prompting investors to sell their NOV shares in anticipation of potential challenges or strategic shifts under the new CEO.

02.00.2026 - NOV Stock was up 5.2%

• Institutional investors, including Voya Investment Management LLC, have been significantly increasing their stakes in NOV Inc., indicating growing confidence in the company despite recent financial results.
• The company's announcement of a quarterly dividend and a director's insider purchase have further bolstered investor sentiment.
• Despite mixed analyst opinions and a "Hold" consensus rating, the increased institutional ownership and insider buying activity suggest a positive outlook for NOV Inc. in the eyes of investors.

31.09.2025 - NOV Stock was down 5.2%

• Recent Q3 earnings from NOV fell short of estimates despite surpassing revenue projections, pointing to operational hurdles.
• Poor performance in the oilfield activity and segments were significant factors impacting NOV's results, contributing to the bearish trend.
• The addition of Jose Bayardo to the Board of Directors may hint at strategic decisions, yet was overshadowed by disappointing earnings, fostering negative market sentiment.
• Investor response indicates apprehension about NOV navigating industry challenges, fueling the stock's decline.

22.07.2025 - NOV Stock was up 5.7%

• Despite NOV's recent stock slide of 19% in the past six months, today's bullish movement could indicate a potential turnaround.
• The weak second-quarter earnings, soft drilling demand, offshore delays, and margin pressures could have already been factored into the stock price, leading to a possible oversold situation.
• Investors might be seeing value in NOV at its current price levels, hence the bullish movement today.
• It's essential for investors to closely monitor any developments in the oil and gas industry that could impact NOV's future performance.

23.09.2025 - NOV Stock was up 5.8%

• Despite forecasts pointing to declines in revenue and profit amid softer drilling demand, NOV's stock saw a strong bullish movement today.
• Analysts estimating a decline in earnings for NOV's upcoming report did not seem to deter investors, as the stock showed significant positive movement.
• The market might be reacting positively to potential cost-cutting measures or strategic shifts within the company that could mitigate the expected earnings decline.
• Investors could be speculating on positive surprises in the earnings report or anticipating future improvements in the company's performance beyond the current challenges in the industry.