Amendment: SEC Form SC 13G/A filed by NOV Inc.

11/12/24 10:32:10 AM ET

Oil and Gas Field Machinery

Consumer Discretionary

Get the next $NOV alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.1 NOV Inc. COMMON STOCK Cusip #62955J103 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #62955J103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 1,447,100 Item 6: 0 Item 7: 1,470,638 Item 8: 0 Item 9: 1,470,638 Item 11: 0.373% Item 12: HC Cusip #62955J103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 1,470,638 Item 8: 0 Item 9: 1,470,638 Item 11: 0.373% Item 12: IN Item 1(a). Name of Issuer: NOV Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 10353 RICHMOND AVE Houston, TX 77042 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 62955J103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 1,470,638 (b) Percent of Class: 0.373% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 1,470,638 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of NOV Inc. No one other person's interest in the COMMON STOCK of NOV Inc. is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. November 8, 2024 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Management & Research Company LLC IA Fidelity Management Trust Company BK Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on November 8, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of NOV Inc. at September 30, 2024. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $NOV alert in real time by email

Recent Analyst Ratings for

$NOV

Date	Price Target	Rating	Analyst
5/7/2026	$21.00	Equal Weight → Underweight	Barclays
4/14/2026	$21.00	Outperform → Sector Perform	RBC Capital Mkts
2/4/2026	$20.00	Underweight → Equal Weight	Barclays
7/30/2025	$15.00	Overweight → Neutral	Analyst
3/24/2025	$22.00	Sector Perform → Outperform	RBC Capital Mkts
1/15/2025	$25.00 → $18.00	Outperform → In-line	Evercore ISI
1/6/2025		Buy → Neutral	Seaport Research Partners
12/19/2024	$17.00	Neutral	Piper Sandler

More analyst ratings

Amendment: SEC Form SC 13G/A filed by NOV Inc.

11/12/24 10:32:10 AM ET

$NOV

Oil and Gas Field Machinery

Consumer Discretionary

Get the next $NOV alert in real time by email

Recent Analyst Ratings for

$NOV

Date	Price Target	Rating	Analyst
5/7/2026	$21.00	Equal Weight → Underweight	Barclays
4/14/2026	$21.00	Outperform → Sector Perform	RBC Capital Mkts
2/4/2026	$20.00	Underweight → Equal Weight	Barclays
7/30/2025	$15.00	Overweight → Neutral	Analyst
3/24/2025	$22.00	Sector Perform → Outperform	RBC Capital Mkts
1/15/2025	$25.00 → $18.00	Outperform → In-line	Evercore ISI
1/6/2025		Buy → Neutral	Seaport Research Partners
12/19/2024	$17.00	Neutral	Piper Sandler

More analyst ratings

Amendment: SEC Form SC 13G/A filed by NOV Inc.

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$NOV

Amendment: SEC Form SC 13G/A filed by NOV Inc.

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$NOV

$NOV
SEC Filings

SEC Form SD filed by NOV Inc.

NOV Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

SEC Form 10-Q filed by NOV Inc.

$NOV
Press Releases

NOV Declares Regular Quarterly Dividend and Supplemental Dividend

NOV Reports First Quarter 2026 Earnings

NOV Provides Operational Update for First Quarter 2026

$NOV
Analyst Ratings

NOV Inc. downgraded by Barclays with a new price target

NOV Inc. downgraded by RBC Capital Mkts with a new price target

NOV Inc. upgraded by Barclays with a new price target

$NOV
Insider Trading

Director Donadio Marcela E was granted 9,457 shares, increasing direct ownership by 10% to 106,882 units (SEC Form 4)

Director Chowbey Sanjay was granted 9,457 shares (SEC Form 4)

Director Martinez Patricia was granted 9,457 shares, increasing direct ownership by 37% to 34,956 units (SEC Form 4)

$NOV
Insider Purchases

Director Kendall Christian S bought $1,012,200 worth of shares (70,000 units at $14.46), increasing direct ownership by 439% to 85,949 units (SEC Form 4)

$NOV
Leadership Updates

NOV Appoints Sanjay Chowbey, President & CEO of Kennametal Inc., to the Board of Directors

NOV Announces Sale of Advanced Nuclear Development Company Shepherd Power to Natura Resources in Stock for Stock Transaction

NOV Announces Retirement of Clay Williams and Appointment of Jose Bayardo as CEO, Effective January 1, 2026

$NOV
Financials

NOV Declares Regular Quarterly Dividend and Supplemental Dividend

NOV Reports First Quarter 2026 Earnings

NOV Provides Operational Update for First Quarter 2026

$NOV
Large Ownership Changes