Chicago Partners Investment Group LLC bought a new stake in shares of National Oilwell Varco, Inc. (NYSE:NOV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,770 shares of the oil and gas exploration company’s stock, valued at approximately $194,000.

A number of other institutional investors also recently bought and sold shares of the stock. FNY Partners Fund LP bought a new position in National Oilwell Varco during the first quarter valued at $120,000. Quadrant Capital Group LLC raised its position in National Oilwell Varco by 6.8% in the first quarter. Quadrant Capital Group LLC now owns 3,214 shares of the oil and gas exploration company’s stock valued at $122,000 after buying an additional 205 shares during the period. Exane Derivatives raised its position in National Oilwell Varco by 113.8% in the second quarter. Exane Derivatives now owns 3,985 shares of the oil and gas exploration company’s stock valued at $131,000 after buying an additional 2,121 shares during the period. WMS Partners LLC bought a new position in National Oilwell Varco during the first quarter valued at $200,000. Finally, Murphy Pohlad Asset Management LLC bought a new position in National Oilwell Varco during the first quarter valued at $203,000. Institutional investors own 91.00% of the company’s stock.

Shares of National Oilwell Varco, Inc. (NYSE NOV) opened at 33.18 on Monday. The firm’s market capitalization is $12.61 billion. The firm’s 50-day moving average price is $33.02 and its 200-day moving average price is $36.10. National Oilwell Varco, Inc. has a 12-month low of $31.02 and a 12-month high of $43.63.

National Oilwell Varco (NYSE:NOV) last announced its earnings results on Thursday, July 27th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.14). National Oilwell Varco had a negative net margin of 33.24% and a negative return on equity of 2.12%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the business posted ($0.30) EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that National Oilwell Varco, Inc. will post ($0.40) earnings per share for the current fiscal year.

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Several research firms have weighed in on NOV. ValuEngine upgraded National Oilwell Varco from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of National Oilwell Varco in a research report on Monday, July 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $34.00 price target (down from $38.00) on shares of National Oilwell Varco in a research report on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and issued a $37.00 price target on shares of National Oilwell Varco in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised National Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. National Oilwell Varco presently has an average rating of “Hold” and an average price target of $38.14.

National Oilwell Varco Company Profile

National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.

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Institutional Ownership by Quarter for National Oilwell Varco (NYSE:NOV)

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