National-Oilwell Varco, Inc. (NOV) Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC cut its stake in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,502 shares of the oil and gas exploration company’s stock after selling 4,836 shares during the quarter. LS Investment Advisors LLC’s holdings in National-Oilwell Varco were worth $486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. boosted its stake in National-Oilwell Varco by 1.2% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 481,830 shares of the oil and gas exploration company’s stock worth $17,216,000 after acquiring an additional 5,641 shares in the last quarter. California Public Employees Retirement System boosted its stake in National-Oilwell Varco by 4.7% during the third quarter. California Public Employees Retirement System now owns 1,211,321 shares of the oil and gas exploration company’s stock worth $43,280,000 after acquiring an additional 54,039 shares in the last quarter. Swiss National Bank boosted its stake in National-Oilwell Varco by 1.4% during the third quarter. Swiss National Bank now owns 1,399,047 shares of the oil and gas exploration company’s stock worth $49,988,000 after acquiring an additional 19,100 shares in the last quarter. Shell Asset Management Co. raised its holdings in National-Oilwell Varco by 163.9% during the third quarter. Shell Asset Management Co. now owns 64,296 shares of the oil and gas exploration company’s stock worth $4,893,000 after buying an additional 39,934 shares during the last quarter. Finally, Knowledge Leaders Capital LLC raised its holdings in National-Oilwell Varco by 17.0% during the third quarter. Knowledge Leaders Capital LLC now owns 212,022 shares of the oil and gas exploration company’s stock worth $7,576,000 after buying an additional 30,868 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. B. Riley restated a “buy” rating on shares of National-Oilwell Varco in a report on Wednesday, November 1st. Barclays set a $37.00 price objective on shares of National-Oilwell Varco and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Cowen upped their price objective on shares of National-Oilwell Varco from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Seaport Global Securities restated a “sell” rating and set a $30.00 price objective on shares of National-Oilwell Varco in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of National-Oilwell Varco from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. National-Oilwell Varco currently has a consensus 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 company has a current ratio of 3.07, a quick ratio of 1.79 and a debt-to-equity ratio of 0.19. National-Oilwell Varco, Inc. has a 1-year low of $29.90 and a 1-year high of $41.90.

National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The company had revenue of $1.97 billion during 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 company earned ($0.15) EPS. sell-side analysts forecast that National-Oilwell Varco, Inc. will post 0.26 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “National-Oilwell Varco, Inc. (NOV) Shares Sold by LS Investment Advisors LLC” was first published by Week Herald and is the sole property of of Week Herald. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://weekherald.com/2018/02/17/national-oilwell-varco-inc-nov-shares-sold-by-ls-investment-advisors-llc.html.

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.

Want to see what other hedge funds are holding NOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National-Oilwell Varco, Inc. (NYSE:NOV).

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

Receive News & Ratings for National-Oilwell Varco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National-Oilwell Varco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply