Knowledge Leaders Capital LLC decreased its position in National-Oilwell Varco, Inc. (NYSE:NOV) by 30.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 146,901 shares of the oil and gas exploration company’s stock after selling 65,121 shares during the period. National-Oilwell Varco comprises approximately 4.3% of Knowledge Leaders Capital LLC’s portfolio, making the stock its 8th biggest holding. Knowledge Leaders Capital LLC’s holdings in National-Oilwell Varco were worth $5,291,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in National-Oilwell Varco by 2.5% in the second quarter. Vanguard Group Inc. now owns 38,794,232 shares of the oil and gas exploration company’s stock valued at $1,277,882,000 after purchasing an additional 930,849 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in National-Oilwell Varco by 2.1% in the third quarter. First Eagle Investment Management LLC now owns 27,068,594 shares of the oil and gas exploration company’s stock valued at $967,161,000 after purchasing an additional 563,589 shares during the last quarter. BlackRock Inc. boosted its stake in shares of National-Oilwell Varco by 1.4% during the second quarter. BlackRock Inc. now owns 25,195,874 shares of the oil and gas exploration company’s stock valued at $829,954,000 after acquiring an additional 354,574 shares during the last quarter. Harris Associates L P boosted its stake in shares of National-Oilwell Varco by 16.0% during the second quarter. Harris Associates L P now owns 18,574,753 shares of the oil and gas exploration company’s stock valued at $611,852,000 after acquiring an additional 2,557,484 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of National-Oilwell Varco by 6.4% during the second quarter. FMR LLC now owns 9,635,851 shares of the oil and gas exploration company’s stock valued at $317,405,000 after acquiring an additional 581,712 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the company. B. Riley reaffirmed a “buy” rating on shares of National-Oilwell Varco in a research note on Wednesday, November 1st. Cowen set a $33.00 price objective on 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 National-Oilwell Varco and gave the company a “hold” rating in a research note on Friday. Jefferies Group set a $35.00 price objective on National-Oilwell Varco and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $36.00 price objective on shares of National-Oilwell Varco in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $38.04.
National-Oilwell Varco, Inc. (NYSE NOV) traded down $0.67 during midday trading on Tuesday, reaching $38.47. The company had a trading volume of 3,230,000 shares, compared to its average volume of 2,950,000. National-Oilwell Varco, Inc. has a 1 year low of $29.90 and a 1 year high of $41.90. The stock has a market capitalization of $14,620.00, a P/E ratio of -15.51, a PEG ratio of 21.18 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.75 and a quick ratio of 1.62.
National-Oilwell Varco (NYSE:NOV) last released its earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $1.86 billion. During the same period in the prior year, the business posted ($0.34) earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. sell-side analysts predict that National-Oilwell Varco, Inc. will post -0.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.20 annualized dividend and a yield of 0.52%. National-Oilwell Varco’s dividend payout ratio (DPR) is presently -8.06%.
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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.
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