National-Oilwell Varco, Inc. (NOV) Holdings Trimmed by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its stake in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,194,869 shares of the oil and gas exploration company’s stock after selling 53,925 shares during the period. Wells Fargo & Company MN’s holdings in National-Oilwell Varco were worth $187,119,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Barings LLC grew its holdings in National-Oilwell Varco by 1,076.4% during the 4th quarter. Barings LLC now owns 275,423 shares of the oil and gas exploration company’s stock worth $9,920,000 after acquiring an additional 252,010 shares in the last quarter. Sei Investments Co. grew its holdings in National-Oilwell Varco by 5.8% during the 4th quarter. Sei Investments Co. now owns 632,042 shares of the oil and gas exploration company’s stock worth $22,766,000 after acquiring an additional 34,376 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in National-Oilwell Varco by 114.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 120,539 shares of the oil and gas exploration company’s stock worth $4,342,000 after acquiring an additional 64,330 shares in the last quarter. California Public Employees Retirement System grew its holdings in National-Oilwell Varco by 3.5% during the 4th quarter. California Public Employees Retirement System now owns 1,253,478 shares of the oil and gas exploration company’s stock worth $45,150,000 after acquiring an additional 42,157 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in National-Oilwell Varco by 73.2% during the 4th quarter. Teacher Retirement System of Texas now owns 640,390 shares of the oil and gas exploration company’s stock worth $23,067,000 after acquiring an additional 270,645 shares in the last quarter. 91.70% of the stock is owned by institutional investors.

NOV has been the subject of several recent analyst reports. R. F. Lafferty decreased their price objective on shares of National-Oilwell Varco from $33.00 to $31.00 and set a “hold” rating for the company in a report on Monday, November 6th. Scotiabank set a $37.00 price objective on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Friday, October 27th. Citigroup decreased their price objective on shares of National-Oilwell Varco from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, October 31st. ValuEngine lowered shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Finally, Cowen set a $33.00 price target on shares of National-Oilwell Varco and gave the company a “hold” rating in a report on Thursday, January 11th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.13.

Shares of National-Oilwell Varco, Inc. (NOV) opened at $35.61 on Friday. The firm has a market cap of $13,532.94, a PE ratio of -56.52, a P/E/G ratio of 22.66 and a beta of 0.89. National-Oilwell Varco, Inc. has a 52-week low of $29.90 and a 52-week high of $41.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.79.

National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $1.97 billion for the quarter. National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. During the same quarter in the prior year, the business earned ($0.15) earnings per share. equities analysts predict that National-Oilwell Varco, Inc. will post 0.26 earnings per share for the current year.

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National-Oilwell Varco 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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