National Oilwell Varco, Inc. (NOV) Shares Sold by Osborn Williams & Donohoe LLC

Osborn Williams & Donohoe LLC lowered its position in shares of National Oilwell Varco, Inc. (NYSE:NOV) by 10.6% during the second quarter, Holdings Channel reports. The institutional investor owned 35,727 shares of the oil and gas exploration company’s stock after selling 4,251 shares during the period. Osborn Williams & Donohoe LLC’s holdings in National Oilwell Varco were worth $1,177,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC increased its position in shares of National Oilwell Varco by 98.0% in the fourth quarter. AQR Capital Management LLC now owns 18,411 shares of the oil and gas exploration company’s stock worth $689,000 after buying an additional 9,113 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of National Oilwell Varco by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,120 shares of the oil and gas exploration company’s stock worth $491,000 after buying an additional 724 shares in the last quarter. Becker Capital Management Inc. increased its position in shares of National Oilwell Varco by 29.9% in the fourth quarter. Becker Capital Management Inc. now owns 791,272 shares of the oil and gas exploration company’s stock worth $29,625,000 after buying an additional 182,005 shares in the last quarter. Teachers Advisors LLC increased its position in shares of National Oilwell Varco by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 755,987 shares of the oil and gas exploration company’s stock worth $28,304,000 after buying an additional 13,547 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of National Oilwell Varco during the fourth quarter worth $1,026,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

National Oilwell Varco, Inc. (NYSE:NOV) traded down 1.62% during trading on Friday, hitting $33.45. The company had a trading volume of 3,166,764 shares. The stock’s market capitalization is $12.71 billion. National Oilwell Varco, Inc. has a one year low of $29.79 and a one year high of $43.63. The stock has a 50-day moving average of $33.03 and a 200-day moving average of $36.41.

National Oilwell Varco (NYSE:NOV) last posted its quarterly earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. National Oilwell Varco had a negative return on equity of 2.44% and a negative net margin of 35.50%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company posted ($0.06) earnings per share. National Oilwell Varco’s quarterly revenue was down 20.5% on a year-over-year basis. On average, equities analysts anticipate that National Oilwell Varco, Inc. will post ($0.40) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Wednesday, June 14th. National Oilwell Varco’s payout ratio is currently -3.12%.

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A number of research analysts have recently weighed in on NOV shares. Vetr downgraded National Oilwell Varco from a “strong-buy” rating to a “buy” rating and set a $44.47 price target on the stock. in a report on Wednesday, March 29th. R. F. Lafferty started coverage on National Oilwell Varco in a report on Thursday, April 6th. They set a “hold” rating and a $39.00 price target on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $36.00 price target on shares of National Oilwell Varco in a report on Tuesday, April 11th. BMO Capital Markets set a $30.00 price target on National Oilwell Varco and gave the company a “sell” rating in a report on Wednesday, April 12th. Finally, Zacks Investment Research downgraded National Oilwell Varco from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.35.

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.

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

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