Energy Opportunities Capital Management LLC decreased its stake in shares of National Oilwell Varco, Inc. (NYSE:NOV) by 42.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 213,354 shares of the oil and gas exploration company’s stock after selling 158,637 shares during the period. National Oilwell Varco accounts for about 3.8% of Energy Opportunities Capital Management LLC’s portfolio, making the stock its 7th largest holding. Energy Opportunities Capital Management LLC owned 0.06% of National Oilwell Varco worth $7,028,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. IHT Wealth Management LLC boosted its holdings in shares of National Oilwell Varco by 1,923.1% during the 2nd quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock worth $112,000 after buying an additional 500 shares during the period. FNY Partners Fund LP bought a new stake in National Oilwell Varco in the 1st quarter valued at about $120,000. Exane Derivatives boosted its holdings in National Oilwell Varco by 113.8% in the 2nd quarter. Exane Derivatives now owns 3,985 shares of the oil and gas exploration company’s stock valued at $131,000 after purchasing an additional 2,121 shares during the period. United Capital Financial Advisers LLC bought a new stake in National Oilwell Varco in the 1st quarter valued at about $206,000. Finally, Harfst & Associates Inc. bought a new stake in National Oilwell Varco in the 1st quarter valued at about $209,000. 90.29% of the stock is owned by institutional investors and hedge funds.

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A number of analysts have issued reports on the stock. ValuEngine downgraded shares of National Oilwell Varco from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Piper Jaffray Companies raised shares of National Oilwell Varco from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $36.00 to $37.00 in a report on Tuesday, June 20th. Seaport Global Securities reissued a “sell” rating on shares of National Oilwell Varco in a report on Friday, July 28th. Zacks Investment Research downgraded shares of National Oilwell Varco from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, BidaskClub raised shares of National Oilwell Varco from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $38.61.

National Oilwell Varco, Inc. (NOV) traded up 1.2051% during trading on Friday, reaching $34.7943. 639,362 shares of the company were exchanged. National Oilwell Varco, Inc. has a one year low of $29.90 and a one year high of $43.63. The company’s market capitalization is $13.22 billion. The firm’s 50-day moving average is $33.71 and its 200 day moving average is $33.90.

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, meeting the 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the business posted ($0.30) earnings per share. National Oilwell Varco’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts anticipate that National Oilwell Varco, Inc. will post ($0.41) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.58%. National Oilwell Varco’s payout ratio is presently -3.31%.

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.

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

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