NOV(US:NOV) Yahoo Finance·2026-01-10 00:01Core Insights - NOV Inc. is a prominent provider of equipment and technology for the global energy sector, with a diverse portfolio that includes oilfield services, drilling systems, and production solutions, positioning it competitively in both traditional and renewable energy markets [1][3] Group 1: Company Overview - The company serves a wide range of clients, including oil and gas producers, drilling contractors, and industrial clients, focusing on both onshore and offshore operations [2] - NOV generates revenue through manufacturing and selling equipment, as well as providing services such as repair, rentals, technical support, and remote monitoring across three main segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies [2][11] Group 2: Financial Performance - As of the latest report, NOV's shares were priced at $17.56, reflecting a 24.8% increase over the past year, outperforming the S&P 500 by 5.41 percentage points [3] - In the third quarter, NOV reported bookings of $951 million, resulting in a 141% book-to-bill ratio and increasing the capital equipment backlog to $4.56 billion, indicating strong operational execution and demand [6] Group 3: Investment Activity - Oldfield Partners disclosed acquiring an additional 276,961 shares of NOV in the fourth quarter, with an estimated transaction value of $4.11 million, which increased the quarter-end value of their position by $15.68 million [4][5] - The increased stake by Oldfield Partners, now representing 22% of their holdings, signals confidence in NOV's performance and potential for future growth [6][7] Group 4: Market Position and Strategy - NOV is positioned as a key supplier benefiting from an offshore upcycle, with a focus on durability through the cycle rather than just headline growth [8] - The company's strategic mix of investments suggests a selective approach to energy sector investments, emphasizing stability and capital returns through dividends and buybacks [7]