Bedrijfstakpensioenfonds Voor DE Media PNO lifted its position in National Oilwell Varco, Inc. (NYSE:NOV) by 17.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 41,176 shares of the oil and gas exploration company’s stock after purchasing an additional 6,004 shares during the quarter. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in National Oilwell Varco were worth $1,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of National Oilwell Varco by 19.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 121,516 shares of the oil and gas exploration company’s stock worth $4,342,000 after purchasing an additional 19,740 shares during the last quarter. Comerica Bank grew its holdings in shares of National Oilwell Varco by 3.2% in the 3rd quarter. Comerica Bank now owns 125,604 shares of the oil and gas exploration company’s stock worth $4,306,000 after purchasing an additional 3,922 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of National Oilwell Varco in the 3rd quarter worth about $13,211,000. Rhumbline Advisers grew its holdings in shares of National Oilwell Varco by 1.9% in the 3rd quarter. Rhumbline Advisers now owns 713,616 shares of the oil and gas exploration company’s stock worth $25,497,000 after purchasing an additional 13,621 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of National Oilwell Varco by 18.4% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,114 shares of the oil and gas exploration company’s stock worth $1,362,000 after purchasing an additional 5,930 shares during the last quarter. 90.16% of the stock is currently owned by institutional investors and hedge funds.

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Shares of National Oilwell Varco, Inc. (NYSE NOV) traded down $0.79 during trading hours on Wednesday, hitting $32.27. 2,933,900 shares of the company were exchanged, compared to its average volume of 3,329,814. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 2.75. National Oilwell Varco, Inc. has a 1-year low of $29.90 and a 1-year high of $43.63.

National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. National Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. National Oilwell Varco’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the company posted ($0.34) EPS. analysts forecast that National Oilwell Varco, Inc. will post -0.41 EPS for the current fiscal year.

Several research firms have recently weighed in on NOV. Royal Bank Of Canada reaffirmed a “hold” rating on shares of National Oilwell Varco in a report on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $34.00 target price (down previously from $38.00) on shares of National Oilwell Varco in a report on Monday, July 31st. Scotiabank set a $37.00 target price on shares of National Oilwell Varco and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of National Oilwell Varco from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Seaport Global Securities reaffirmed a “sell” rating on shares of National Oilwell Varco in a report on Friday, July 28th. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.83.

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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