On February 28, 2025, First Eagle Investment (Trades, Portfolio) made a significant move by acquiring an additional 58,114 shares of NOV Inc at a price of $14.92 per share. This transaction increased the firm's total holdings in NOV Inc to 38,194,320 shares, representing 10% of the company's total shares. This strategic acquisition highlights First Eagle's continued confidence in NOV Inc's potential, despite the current market challenges.

First Eagle Investment (Trades, Portfolio): A Legacy of Value-Oriented Strategies

First Eagle Investment (Trades, Portfolio), an independent investment management firm with a rich history dating back to 1864, is renowned for its value-oriented investment philosophy. The firm emphasizes long-term performance and capital preservation through rigorous bottom-up fundamental analysis. First Eagle's strategy involves on-site research and direct engagement with company management to gain comprehensive insights into investment prospects. The firm's notable holdings include Imperial Oil Ltd (IMO, Financial), Meta Platforms Inc (META, Financial), Willis Towers Watson PLC (WTW, Financial), HCA Healthcare Inc (HCA, Financial), and Oracle Corp (ORCL, Financial).

NOV Inc: A Global Leader in Oil and Gas Equipment

NOV Inc, formerly known as National Oilwell Varco, is a leading supplier of oil and gas drilling rig equipment and products. The company operates on a global scale, with international markets contributing nearly two-thirds of its annual revenue. With a market capitalization of $5.43 billion, NOV Inc is a significant player in the oil and gas industry. The company's current stock price is $14.26, with a price-to-earnings ratio of 8.86. According to GuruFocus, NOV Inc is significantly undervalued, with a GF Value of $21.35, resulting in a price to GF Value ratio of 0.67.

Financial Metrics and Growth Indicators

NOV Inc's financial metrics reveal a mixed performance. The company's year-to-date price change is -2.99%, while its 3-year revenue growth stands at 16.10%. Notably, the company's EBITDA growth over the past three years is an impressive 100.50%. However, the [GF Score](https://www.gurufocus.com/term/gf-score/NOV) of 70/100 suggests poor future performance potential. The company's [Financial Strength](https://www.gurufocus.com/term/rank-balancesheet/NOV) is ranked 7/10, while its [Profitability Rank](https://www.gurufocus.com/term/rank-profitability/NOV) is 4/10. The [Piotroski F-Score](https://www.gurufocus.com/term/fscore/NOV) is 7, indicating a relatively healthy financial position.

Impact on First Eagle's Portfolio

With the acquisition of additional shares, NOV Inc now constitutes 1.27% of First Eagle's portfolio. This strategic addition reflects the firm's confidence in NOV Inc's long-term potential, despite the current undervaluation. The transaction also positions First Eagle as a significant shareholder, holding 10% of NOV Inc's total shares. This move aligns with First Eagle's investment philosophy of focusing on intrinsic value and long-term growth potential.

Other Notable Investors in NOV Inc

In addition to First Eagle Investment (Trades, Portfolio), other prominent investors in NOV Inc include Pzena Investment Management LLC, which is the largest shareholder. Other notable investors include HOTCHKIS & WILEY and John Rogers (Trades, Portfolio). These investors' involvement underscores the interest in NOV Inc's potential within the investment community.

Conclusion: A Strategic Move for Value Investors

First Eagle Investment (Trades, Portfolio)'s strategic addition of NOV Inc shares highlights the firm's commitment to identifying undervalued opportunities with long-term growth potential. For value investors, NOV Inc presents an intriguing opportunity, given its current undervaluation and significant growth indicators. As the company continues to navigate the challenges of the oil and gas industry, its global presence and robust financial metrics make it a compelling consideration for investors seeking value in the market.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.