QV Investors Inc. lowered its position in National Oilwell Varco, Inc. (NYSE:NOV) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 897,353 shares of the oil and gas exploration company’s stock after selling 13,470 shares during the period. National Oilwell Varco comprises 2.4% of QV Investors Inc.’s holdings, making the stock its 15th largest position. QV Investors Inc.’s holdings in National Oilwell Varco were worth $29,558,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NOV. FNY Partners Fund LP purchased a new stake in National Oilwell Varco during the first quarter worth $120,000. Quadrant Capital Group LLC increased its stake 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 worth $122,000 after buying an additional 205 shares in the last quarter. Exane Derivatives increased its stake 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 worth $131,000 after buying an additional 2,121 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in National Oilwell Varco during the second quarter worth $194,000. Finally, WMS Partners LLC purchased a new stake in National Oilwell Varco during the first quarter worth $200,000. 91.00% of the stock is owned by institutional investors.

Shares of National Oilwell Varco, Inc. (NOV) opened at 30.29 on Friday. National Oilwell Varco, Inc. has a 12-month low of $30.14 and a 12-month high of $43.63. The company’s market capitalization is $11.51 billion. The stock’s 50 day moving average price is $32.69 and its 200 day moving average price is $35.77.

National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). National Oilwell Varco had a negative return on equity of 2.12% and a negative net margin of 33.24%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the company earned ($0.30) EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that National Oilwell Varco, Inc. will post ($0.40) earnings per share for the current year.

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NOV has been the subject of a number of research reports. Piper Jaffray Companies set a $37.00 target price on National Oilwell Varco and gave the stock a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC set a $38.00 target price on National Oilwell Varco and gave the stock a “hold” rating in a report on Wednesday, May 31st. ValuEngine raised National Oilwell Varco from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Cowen and Company reissued a “hold” rating and set a $37.00 target price on shares of National Oilwell Varco in a report on Tuesday, July 11th. Finally, Scotiabank set a $37.00 target price on National Oilwell Varco and gave the stock a “hold” rating in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.59.

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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