National Oilwell Varco, Inc. (NOV) is Speece Thorson Capital Group Inc.’s 4th Largest Position

Speece Thorson Capital Group Inc. grew its stake in National Oilwell Varco, Inc. (NYSE:NOV) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 531,727 shares of the oil and gas exploration company’s stock after buying an additional 6,260 shares during the quarter. National Oilwell Varco makes up 4.0% of Speece Thorson Capital Group Inc.’s portfolio, making the stock its 4th biggest holding. Speece Thorson Capital Group Inc. owned 0.14% of National Oilwell Varco worth $18,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Delta Asset Management LLC TN increased its position in National Oilwell Varco by 1.6% in the third quarter. Delta Asset Management LLC TN now owns 260,772 shares of the oil and gas exploration company’s stock worth $9,318,000 after buying an additional 4,226 shares in the last quarter. BARING ASSET MANAGEMENT Ltd boosted its stake in shares of National Oilwell Varco by 106.2% in the third quarter. BARING ASSET MANAGEMENT Ltd now owns 236,410 shares of the oil and gas exploration company’s stock worth $8,447,000 after acquiring an additional 121,776 shares during the period. Calamos Advisors LLC boosted its stake in shares of National Oilwell Varco by 3.8% in the third quarter. Calamos Advisors LLC now owns 78,317 shares of the oil and gas exploration company’s stock worth $2,798,000 after acquiring an additional 2,872 shares during the period. Doyle Wealth Management boosted its stake in shares of National Oilwell Varco by 32.6% in the third quarter. Doyle Wealth Management now owns 455,276 shares of the oil and gas exploration company’s stock worth $16,267,000 after acquiring an additional 111,886 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of National Oilwell Varco by 11.5% in the third quarter. Aperio Group LLC now owns 204,447 shares of the oil and gas exploration company’s stock worth $7,305,000 after acquiring an additional 21,088 shares during the period. Institutional investors and hedge funds own 90.16% of the company’s stock.

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A number of research firms have recently weighed in on NOV. ValuEngine lowered National Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. B. Riley reaffirmed a “buy” rating on shares of National Oilwell Varco in a research note on Wednesday, November 1st. Seaport Global Securities reaffirmed a “sell” rating on shares of National Oilwell Varco in a research note on Friday, July 28th. UBS AG reissued a “neutral” rating and set a $37.00 price target (down from $38.00) on shares of National Oilwell Varco in a research note on Monday, July 31st. Finally, Cowen and Company dropped their price target on National Oilwell Varco from $37.00 to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.83.

Shares of National Oilwell Varco, Inc. (NYSE NOV) opened at $32.27 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. National Oilwell Varco, Inc. has a 52-week low of $29.90 and a 52-week high of $43.63.

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

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.

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

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