Energy Opportunities Capital Management LLC Sells 38,544 Shares of National-Oilwell Varco, Inc. (NOV)

Energy Opportunities Capital Management LLC decreased its stake in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 18.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,810 shares of the oil and gas exploration company’s stock after selling 38,544 shares during the quarter. National-Oilwell Varco comprises 4.1% of Energy Opportunities Capital Management LLC’s holdings, making the stock its 3rd biggest position. Energy Opportunities Capital Management LLC’s holdings in National-Oilwell Varco were worth $6,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in NOV. Retirement Systems of Alabama grew its position in National-Oilwell Varco by 0.7% during the second quarter. Retirement Systems of Alabama now owns 184,265 shares of the oil and gas exploration company’s stock valued at $6,070,000 after buying an additional 1,197 shares during the period. Global X Management Co. LLC lifted its holdings in National-Oilwell Varco by 28.0% during the second quarter. Global X Management Co. LLC now owns 10,056 shares of the oil and gas exploration company’s stock valued at $331,000 after purchasing an additional 2,199 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in National-Oilwell Varco by 83.1% during the second quarter. Canada Pension Plan Investment Board now owns 120,520 shares of the oil and gas exploration company’s stock valued at $3,970,000 after purchasing an additional 54,700 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in National-Oilwell Varco by 5.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,534,598 shares of the oil and gas exploration company’s stock valued at $50,550,000 after purchasing an additional 80,412 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in National-Oilwell Varco by 0.4% during the second quarter. Arizona State Retirement System now owns 94,201 shares of the oil and gas exploration company’s stock valued at $3,103,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

Several equities analysts have issued reports on NOV shares. Scotiabank set a $37.00 price objective on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of National-Oilwell Varco from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Royal Bank of Canada reiterated a “hold” rating on shares of National-Oilwell Varco in a research report on Friday, September 1st. ValuEngine cut shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, R. F. Lafferty decreased their price target on shares of National-Oilwell Varco from $33.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, November 6th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.

Shares of National-Oilwell Varco, Inc. (NOV) traded up $0.53 during mid-day trading on Friday, hitting $36.02. 2,430,870 shares of the stock traded hands, compared to its average volume of 2,851,934. The stock has a market cap of $13,487.34, a price-to-earnings ratio of -14.47 and a beta of 0.95. National-Oilwell Varco, Inc. has a 1-year low of $29.90 and a 1-year high of $41.90. 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 (NYSE:NOV) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. National-Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.34) EPS. equities analysts expect that National-Oilwell Varco, Inc. will post -0.41 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. National-Oilwell Varco’s payout ratio is currently -8.03%.

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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.

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

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