SCHEDULE: Vanguard Discloses 5.24% Stake in NOV Inc.

Vanguard Capital Management has reported beneficial ownership of 18,905,811 shares, representing 5.24% of NOV Inc.'s common stock as of March 31, 2026.

Summary

• Vanguard Capital Management, along with its affiliates, has filed a Schedule 13G indicating beneficial ownership of 18,905,811 shares of NOV Inc. common stock.
• This holding represents 5.24% of the total class of securities.
• The filing specifies sole voting power for 2,719,515 shares and sole dispositive power for all 18,905,811 shares.
• The reporting date for this event is March 31, 2026.
• Vanguard Capital Management acts as an investment adviser and holds these securities in the ordinary course of business, not for the purpose of influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it confirms a significant institutional investor's passive stake, indicating stability and potential long-term confidence in NOV Inc.

Positives

• Vanguard's significant stake suggests confidence in NOV Inc.'s long-term prospects, potentially attracting further institutional investment.
• The filing indicates clear sole dispositive and voting power, simplifying decision-making regarding these shares.

Negatives

• The filing does not contain any negative financial or operational information about NOV Inc. itself, as it is a disclosure of ownership by a third party.

Risks

• While not directly stated as a risk for NOV Inc., a large institutional holder like Vanguard could potentially shift its holdings, impacting share price volatility.
• The filing is a Schedule 13G, which is typically filed by passive investors. However, any significant change in Vanguard's investment strategy could pose a risk.

Future Outlook

The filing itself is a snapshot of ownership and does not contain forward-looking statements or guidance from NOV Inc. Vanguard's future outlook for NOV Inc. is implied by its investment but not explicitly stated.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd."
• "This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."
• "This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release."
• "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, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that a Schedule 13G filing by a major asset manager like Vanguard, indicating a passive stake exceeding 5%, is a common occurrence in the energy services sector and suggests a stable, long-term investment perspective from a significant institutional player.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional investor's presence, which can be viewed positively for stability and potential future investment.
• Management of NOV Inc.: The filing is a routine disclosure and does not directly impact management's operational decisions, but confirms Vanguard's passive role.
• Creditors: No direct impact is indicated.

Next Steps

• Vanguard will continue to hold the shares as reported, unless their investment strategy changes.
• NOV Inc. will continue its operations as usual, with Vanguard acting as a passive institutional shareholder.

Key Dates

Keywords

NOV Inc., Vanguard Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Adviser