Brown Advisory Inc. Has $2.46 Million Holdings in National-Oilwell Varco, Inc. (NOV)

Brown Advisory Inc. trimmed its holdings in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 86.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,831 shares of the oil and gas exploration company’s stock after selling 427,492 shares during the quarter. Brown Advisory Inc.’s holdings in National-Oilwell Varco were worth $2,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Harris Associates L P lifted its holdings in National-Oilwell Varco by 16.0% during the second quarter. Harris Associates L P now owns 18,574,753 shares of the oil and gas exploration company’s stock valued at $611,852,000 after purchasing an additional 2,557,484 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in National-Oilwell Varco by 459.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,639,603 shares of the oil and gas exploration company’s stock valued at $86,948,000 after purchasing an additional 2,167,397 shares in the last quarter. American Century Companies Inc. lifted its holdings in National-Oilwell Varco by 33.6% during the second quarter. American Century Companies Inc. now owns 5,924,558 shares of the oil and gas exploration company’s stock valued at $195,155,000 after purchasing an additional 1,491,359 shares in the last quarter. Vanguard Group Inc. lifted its holdings in National-Oilwell Varco by 2.5% during the second quarter. Vanguard Group Inc. now owns 38,794,232 shares of the oil and gas exploration company’s stock valued at $1,277,882,000 after purchasing an additional 930,849 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in National-Oilwell Varco by 136.2% during the second quarter. Great Lakes Advisors LLC now owns 1,503,441 shares of the oil and gas exploration company’s stock valued at $49,523,000 after purchasing an additional 866,962 shares in the last quarter. Institutional investors own 92.47% of the company’s stock.

National-Oilwell Varco, Inc. (NYSE:NOV) traded up $0.53 during midday trading on Friday, hitting $36.02. 2,430,870 shares of the stock were exchanged, compared to its average volume of 2,851,934. The company has a current ratio of 2.75, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $13,487.34, a PE ratio of -14.47 and a beta of 0.95. National-Oilwell Varco, Inc. has a 12-month low of $29.90 and a 12-month high of $41.90.

National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.01. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.34) earnings per share. research analysts forecast that National-Oilwell Varco, Inc. will post -0.41 earnings per share for the current year.

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

Several equities analysts have weighed in on the stock. Royal Bank of Canada set a $37.00 price target on shares of National-Oilwell Varco and gave the company a “hold” rating in a report on Thursday, December 21st. Piper Jaffray Companies reissued a “buy” rating and issued a $34.00 target price on shares of National-Oilwell Varco in a report on Thursday, December 21st. SunTrust Banks raised shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. ValuEngine downgraded shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Finally, B. Riley reissued a “buy” rating on shares of National-Oilwell Varco in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.00.

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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.

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

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