National-Oilwell Varco, Inc. (NOV) Shares Bought by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. raised its stake in National-Oilwell Varco, Inc. (NYSE:NOV) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,406 shares of the oil and gas exploration company’s stock after acquiring an additional 2,082 shares during the period. Wetherby Asset Management Inc.’s holdings in National-Oilwell Varco were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealthfront Inc. boosted its stake in National-Oilwell Varco by 19.5% in the fourth quarter. Wealthfront Inc. now owns 30,216 shares of the oil and gas exploration company’s stock valued at $1,088,000 after acquiring an additional 4,924 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in National-Oilwell Varco by 112.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,764 shares of the oil and gas exploration company’s stock valued at $316,000 after acquiring an additional 4,642 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in National-Oilwell Varco by 1.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,276,319 shares of the oil and gas exploration company’s stock valued at $45,973,000 after acquiring an additional 15,926 shares in the last quarter. BlackRock Inc. boosted its stake in National-Oilwell Varco by 0.3% in the fourth quarter. BlackRock Inc. now owns 25,257,983 shares of the oil and gas exploration company’s stock valued at $909,792,000 after acquiring an additional 78,663 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in National-Oilwell Varco by 0.9% in the fourth quarter. Rhumbline Advisers now owns 719,767 shares of the oil and gas exploration company’s stock valued at $25,926,000 after acquiring an additional 6,151 shares in the last quarter. Institutional investors own 91.10% of the company’s stock.

Shares of National-Oilwell Varco, Inc. (NYSE NOV) opened at $35.61 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.79. The company has a market cap of $13,536.92, 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 12-month low of $29.90 and a 12-month high of $41.90.

National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The firm 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 previous year, the business earned ($0.15) EPS. equities analysts forecast that National-Oilwell Varco, Inc. will post 0.26 EPS for the current year.

Several equities analysts have issued reports on the stock. Cowen set a $33.00 price objective on shares of National-Oilwell Varco and gave the company a “hold” rating in a research note on Thursday, January 11th. Susquehanna Bancshares set a $35.00 price objective on shares of National-Oilwell Varco and gave the company a “hold” rating in a research note on Friday, January 12th. Royal Bank of Canada reiterated a “hold” rating and set a $40.00 target price on shares of National-Oilwell Varco in a research note on Friday, January 19th. B. Riley set a $42.00 target price on shares of National-Oilwell Varco and gave the stock a “buy” rating in a research note on Friday, January 19th. Finally, ValuEngine upgraded shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. National-Oilwell Varco presently has a consensus rating of “Hold” and a consensus price target of $38.13.

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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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