National Oilwell Varco, Inc. (NOV) Holdings Reduced by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can reduced its holdings in National Oilwell Varco, Inc. (NYSE:NOV) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,592,632 shares of the oil and gas exploration company’s stock after selling 63,641 shares during the period. Great West Life Assurance Co. Can owned approximately 0.68% of National Oilwell Varco worth $91,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NOV. Louisiana State Employees Retirement System increased its position in National Oilwell Varco by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the oil and gas exploration company’s stock worth $777,000 after buying an additional 300 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of National Oilwell Varco by 28.0% in the second quarter. Russell Investments Group Ltd. now owns 294,690 shares of the oil and gas exploration company’s stock worth $9,710,000 after purchasing an additional 64,419 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of National Oilwell Varco by 12.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 24,380 shares of the oil and gas exploration company’s stock worth $794,000 after purchasing an additional 2,652 shares during the period. Hanson & Doremus Investment Management increased its holdings in shares of National Oilwell Varco by 5.4% in the second quarter. Hanson & Doremus Investment Management now owns 14,960 shares of the oil and gas exploration company’s stock worth $493,000 after purchasing an additional 765 shares during the period. Finally, NGAM Advisors L.P. increased its stake in National Oilwell Varco by 6.2% in the second quarter. NGAM Advisors L.P. now owns 161,372 shares of the oil and gas exploration company’s stock valued at $5,316,000 after acquiring an additional 9,413 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Shares of National Oilwell Varco, Inc. (NYSE NOV) traded down $0.09 during trading hours on Monday, hitting $31.85. The stock had a trading volume of 659,100 shares, compared to its average volume of 3,299,952. National Oilwell Varco, Inc. has a 52-week low of $29.90 and a 52-week high of $43.63. The company has a current ratio of 2.75, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19.

National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.01. National Oilwell Varco had a negative return on equity of 1.41% and a negative net margin of 13.33%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm earned ($0.34) earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. analysts anticipate that National Oilwell Varco, Inc. will post -0.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. National Oilwell Varco’s dividend payout ratio (DPR) is currently -8.03%.

A number of research analysts recently commented on the company. ValuEngine cut National Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. B. Riley reissued a “buy” rating on shares of National Oilwell Varco in a research note on Wednesday, November 1st. Loop Capital raised National Oilwell Varco from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, August 17th. Cowen Inc reduced their target price on National Oilwell Varco from $37.00 to $30.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 2nd. Finally, BidaskClub raised National Oilwell Varco from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $37.83.

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National Oilwell Varco 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.

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

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