National Oilwell Varco (NOV) Shares Bought by Tredje AP fonden

Tredje AP fonden lifted its holdings in shares of National Oilwell Varco (NYSE:NOV) by 8.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,316 shares of the oil and gas exploration company’s stock after acquiring an additional 5,940 shares during the quarter. Tredje AP fonden’s holdings in National Oilwell Varco were worth $2,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its position 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 worth $909,792,000 after buying an additional 78,663 shares during the last quarter. Parnassus Investments CA increased its position in National Oilwell Varco by 10.1% in the fourth quarter. Parnassus Investments CA now owns 6,929,938 shares of the oil and gas exploration company’s stock worth $249,616,000 after buying an additional 637,925 shares during the last quarter. American Century Companies Inc. increased its position in National Oilwell Varco by 4.2% in the fourth quarter. American Century Companies Inc. now owns 6,390,274 shares of the oil and gas exploration company’s stock worth $230,178,000 after buying an additional 255,563 shares during the last quarter. Wells Fargo & Company MN increased its position in National Oilwell Varco by 3.1% in the first quarter. Wells Fargo & Company MN now owns 5,354,118 shares of the oil and gas exploration company’s stock worth $197,086,000 after buying an additional 159,249 shares during the last quarter. Finally, Lyrical Asset Management LP increased its position in National Oilwell Varco by 5.9% in the fourth quarter. Lyrical Asset Management LP now owns 4,687,024 shares of the oil and gas exploration company’s stock worth $168,827,000 after buying an additional 261,103 shares during the last quarter. 93.10% of the stock is owned by institutional investors.

A number of analysts have issued reports on NOV shares. ValuEngine raised National Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Friday, March 23rd. TheStreet raised National Oilwell Varco from a “d+” rating to a “c” rating in a research report on Tuesday, February 6th. Societe Generale downgraded National Oilwell Varco from a “buy” rating to a “hold” rating and raised their target price for the stock from $38.32 to $41.00 in a research report on Thursday, April 19th. Cowen raised their target price on National Oilwell Varco from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. Finally, B. Riley downgraded National Oilwell Varco from a “buy” rating to a “hold” rating and decreased their target price for the stock from $42.00 to $40.00 in a research report on Tuesday, April 17th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.22.

In related news, VP Scott K. Duff sold 7,421 shares of National Oilwell Varco stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $35.66, for a total transaction of $264,632.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott K. Duff sold 40,459 shares of National Oilwell Varco stock in a transaction on Monday, May 14th. The shares were sold at an average price of $41.02, for a total value of $1,659,628.18. Following the sale, the vice president now directly owns 72,697 shares of the company’s stock, valued at approximately $2,982,030.94. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.

Shares of NYSE NOV opened at $43.42 on Friday. The firm has a market capitalization of $16.59 billion, a PE ratio of -103.38, a P/E/G ratio of 71.89 and a beta of 0.81. National Oilwell Varco has a fifty-two week low of $29.90 and a fifty-two week high of $43.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.37 and a quick ratio of 1.89.

National Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Thursday, April 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.13). The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.81 billion. National Oilwell Varco had a negative net margin of 2.49% and a negative return on equity of 1.15%. equities research analysts predict that National Oilwell Varco will post 0.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, June 14th. National Oilwell Varco’s dividend payout ratio is -47.62%.

National Oilwell Varco Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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

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