National-Oilwell Varco, Inc. (NYSE:NOV) saw unusually large options trading on Tuesday. Stock traders bought 9,829 call options on the company. This is an increase of approximately 3,448% compared to the typical daily volume of 277 call options.

A number of research analysts have commented on NOV shares. B. Riley set a $42.00 target price on National-Oilwell Varco and gave the stock a “buy” rating in a report on Friday, January 19th. Piper Jaffray Companies reissued a “buy” rating and issued a $34.00 price target on shares of National-Oilwell Varco in a report on Thursday, December 21st. TheStreet raised National-Oilwell Varco from a “d+” rating to a “c” rating in a report on Tuesday, February 6th. Barclays set a $37.00 price target on National-Oilwell Varco and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $40.00 price target on shares of National-Oilwell Varco in a report on Friday, January 19th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. National-Oilwell Varco has an average rating of “Hold” and a consensus target price of $37.55.

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In other National-Oilwell Varco news, VP Scott K. Duff sold 7,421 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $35.66, for a total transaction of $264,632.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.58% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of NOV. Xact Kapitalforvaltning AB increased its position in shares of National-Oilwell Varco by 20.2% during the 4th quarter. Xact Kapitalforvaltning AB now owns 39,105 shares of the oil and gas exploration company’s stock valued at $1,409,000 after purchasing an additional 6,583 shares during the period. Envestnet Asset Management Inc. increased its position in shares of National-Oilwell Varco by 318.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 101,168 shares of the oil and gas exploration company’s stock valued at $3,644,000 after purchasing an additional 76,989 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of National-Oilwell Varco by 5.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 217,343 shares of the oil and gas exploration company’s stock valued at $7,829,000 after purchasing an additional 11,942 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of National-Oilwell Varco by 32.0% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 29,694 shares of the oil and gas exploration company’s stock valued at $1,070,000 after purchasing an additional 7,200 shares during the period. Finally, 683 Capital Management LLC increased its position in shares of National-Oilwell Varco by 22.9% during the 4th quarter. 683 Capital Management LLC now owns 295,000 shares of the oil and gas exploration company’s stock valued at $10,626,000 after purchasing an additional 55,000 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Shares of National-Oilwell Varco (NYSE NOV) opened at $37.39 on Thursday. National-Oilwell Varco has a 1 year low of $29.90 and a 1 year high of $40.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.79. The company has a market capitalization of $14,210.00, a P/E ratio of -29.44, a P/E/G ratio of 24.04 and a beta of 0.89.

National-Oilwell Varco (NYSE:NOV) last posted its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). National-Oilwell Varco had a negative return on equity of 7.29% and a negative net margin of 13.05%. The firm had revenue of $1.97 billion for the quarter. During the same quarter in the prior year, the business earned ($0.15) earnings per share. equities analysts anticipate that National-Oilwell Varco will post 0.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Thursday, March 15th. National-Oilwell Varco’s dividend payout ratio is currently -15.75%.

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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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