National Oilwell Varco Inc. ($NOV) Stock Forecast: Up 5.2% Today

What is National Oilwell Varco Inc.?

NOV Inc. (NYSE: NOV) is a company specializing in providing technology, equipment, and services to the oil and gas industry. The stock experienced a strong bullish movement recently.

Why is National Oilwell Varco Inc. going up?

NOV stock is up 5.2% on Jan 2, 2026 20:11

• 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.

NOV Price Chart

NOV Technical Analysis

NOV News

Voya Investment Management LLC Grows Stock Position in NOV Inc. $NOV

Voya Investment Management LLC significantly increased its stake in NOV Inc. (NYSE:NOV) by 239% in the third quarter of 2025, now holding 141,506 shares worth $1.875 million. This move is part of a broader trend of institutional investment, with other major firms also making substantial purchases, leading to 93.27% institutional ownership of NOV stock. Despite a "Hold" consensus rating from analysts, a director's recent insider purchase further highlights confidence in the company, which recently announced a quarterly dividend.

https://www.marketbeat.com/instant-alerts/filing-voya-investment-management-llc-grows-stock-position-in-nov-inc-nov-2025-12-29/

|NOV Inc. (NYSE:NOV) Receives Average Recommendation of "Hold" from Analysts

|NOV Inc. (NYSE:NOV) has received an average recommendation of "Hold" from fifteen analysts, with a 12-month average target price of $15.83. The company recently missed its quarterly earnings estimates, reporting $0.11 EPS against a $0.24 estimate, and revenue decreased by 0.7% year-over-year. Despite institutional ownership of 93.3% and a recent insider stock purchase, analysts maintain a cautious outlook.

https://www.marketbeat.com/instant-alerts/nov-inc-nysenov-receives-average-recommendation-of-hold-from-analysts-2025-12-25/

NOV Inc. $NOV Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in NOV Inc. by 17.3% during the third quarter, selling 682,446 shares, although other institutional investors increased their holdings. NOV recently missed its quarterly EPS estimates and saw a slight year-over-year revenue decline, leading analysts to a "Hold" consensus rating with an average price target of $15.83. Despite the sales, an insider, Director Christian S. Kendall, significantly increased his holdings by purchasing 70,000 shares.

https://www.marketbeat.com/instant-alerts/filing-nov-inc-nov-shares-sold-by-pacer-advisors-inc-2025-12-27/

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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.

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.

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.

23.06.2025 - NOV Stock was up 5.0%

• Despite the expected earnings decline, there was a strong bullish movement in NOV's stock today.
• Investor optimism regarding other aspects of the company or its future outlook may have driven increased buying activity.
• Market movements could be impacted by factors beyond the earnings report, including industry trends and overall market sentiment.
• Investors appear to be focusing on broader factors and finding reasons to be bullish on NOV despite the projected earnings drop for the quarter.

23.06.2025 - NOV Stock was up 5.2%

• Despite expectations of lower revenues and a decline in Q2 earnings, NOV experienced a strong bullish movement.
• Investors might be optimistic about NOV's long-term growth prospects or potential positive surprises in the upcoming earnings report.
• The market movement could also be influenced by external factors or overall market sentiment, rather than just the anticipated earnings decline.
• It's possible that investors are focusing on NOV's strategic initiatives or future guidance, leading to the bullish movement despite the negative earnings outlook.

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.