Wedge Capital Management L L P NC Cuts Stake in NOV Inc. $NOV

NodeGuardian · 2026-03-29T14:56:51+00:00

Wedge Capital Management cut its NOV Inc. stake by 40%, selling 424,474 shares and retaining 636,223 valued at about $9.94 million, following missed EPS estimates. Other investors adjusted holdings, and NOV raised its quarterly dividend to $0.09 per share.

NodeGuardian

2026-03-29 14:56:51

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Wedge Capital Management L.L.P. NC significantly reduced its stake in NOV Inc. by 40% in Q4, selling 424,474 shares and retaining 636,223 shares valued at approximately $9.94 million. This move comes as NOV missed its EPS estimates in the latest quarter, despite revenue slightly beating expectations, and after corporate insiders engaged in sizable stock sales. Despite the reduction by Wedge Capital, other institutional investors have adjusted their holdings, and NOV recently increased its quarterly dividend to $0.09 per share.

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