National-Oilwell Varco, Inc. (NOV) VP Scott K. Duff Sells 7,421 Shares
National-Oilwell Varco, Inc. (NYSE:NOV) VP Scott K. Duff sold 7,421 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $35.66, for a total transaction of $264,632.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
National-Oilwell Varco, Inc. (NOV) opened at $36.08 on Friday. National-Oilwell Varco, Inc. has a 1-year low of $29.90 and a 1-year high of $41.00. The company has a market cap of $13,715.60, a price-to-earnings ratio of -57.27, a P/E/G ratio of 23.07 and a beta of 0.88. The company has a current ratio of 3.07, a quick ratio of 1.79 and a debt-to-equity ratio of 0.19.
National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The business had revenue of $1.97 billion during the quarter. During the same quarter in the previous year, the company posted ($0.15) EPS. analysts forecast that National-Oilwell Varco, Inc. will post 0.26 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Dupont Capital Management Corp acquired a new position in National-Oilwell Varco during the fourth quarter worth $141,000. Global Trust Asset Management LLC acquired a new position in National-Oilwell Varco during the fourth quarter worth $160,000. CoreCommodity Management LLC acquired a new position in National-Oilwell Varco during the fourth quarter worth $162,000. Avestar Capital LLC acquired a new position in National-Oilwell Varco during the fourth quarter worth $176,000. Finally, Tiedemann Wealth Management LLC boosted its holdings in National-Oilwell Varco by 77.8% during the third quarter. Tiedemann Wealth Management LLC now owns 11,668 shares of the oil and gas exploration company’s stock worth $194,000 after purchasing an additional 5,107 shares during the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.
Several brokerages have commented on NOV. Cowen set a $33.00 target price on shares of National-Oilwell Varco and gave the company a “hold” rating in a research note on Thursday, January 11th. TheStreet raised shares of National-Oilwell Varco from a “d+” rating to a “c” rating in a research note on Tuesday, February 6th. Seaport Global Securities reaffirmed a “sell” rating and issued a $30.00 target price on shares of National-Oilwell Varco in a research note on Monday, February 12th. Jefferies Group set a $35.00 target price on shares of National-Oilwell Varco and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, ValuEngine downgraded shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $37.55.
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About National-Oilwell Varco
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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