5 Energy Stocks to Buy Today According to Richard S. Pzena’s Hedge Fund

In this piece, we will take a look at the five energy stocks to buy today according to Richard S. Pzena’s Pzena Investment Management. If you want to learn more about the investment firm and its founder, then take a look at 10 Energy Stocks to Buy Today According to Richard S. Pzena’s Hedge Fund.

5. NOV Inc. (NYSE:NOV)

Pzena Investment Management’s Stake Value: $551 million

Percentage of Pzena Investment Management’s 13F Portfolio: 2.07%

Number of Hedge Fund Holders: 28

NOV Inc. (NYSE:NOV) designs, builds and sells equipment that is used in the production and exploration of oil and gas. This equipment allows companies to drill, construct wells, and set up oil rigs. The company is headquartered in Houston, Texas, and it is one of the oldest firms in the world after being founded in 1862.

Mr. Pzena’s investment firm owned 40 million NOV Inc. (NYSE:NOV) shares by the end of Q4 2021. These were worth $551 million and represented 2.07% of its investment portfolio. Insider Monkey’s survey of 924 hedge funds for the same time period revealed that 28 had owned the company’s shares.

NOV Inc. (NYSE:NOV) earned $1.52 billion in revenue and -$0.10 GAAP EPS for its fiscal fourth quarter, beating analyst estimates for revenue and missing them for EPS. Citi raised the company’s price target to $22 from $21 in March 2022, stating that while near term risks were present to the company, its long term future is positive.

NOV Inc. (NYSE:NOV)’s largest investor after Pzena Investment Management is Jean-Marie Eveillard’s First Eagle Investment Management which owns 34 million shares worth $461 million.