DekaBank Deutsche Girozentrale Has $3.52 Million Holdings in National Oilwell Varco, Inc. (NOV)

DekaBank Deutsche Girozentrale lessened its position in shares of National Oilwell Varco, Inc. (NYSE:NOV) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,664 shares of the oil and gas exploration company’s stock after selling 5,810 shares during the period. DekaBank Deutsche Girozentrale’s holdings in National Oilwell Varco were worth $3,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Andra AP fonden grew its holdings in National Oilwell Varco by 32.7% during the 2nd quarter. Andra AP fonden now owns 58,500 shares of the oil and gas exploration company’s stock worth $1,927,000 after acquiring an additional 14,400 shares in the last quarter. Comerica Bank boosted its holdings in shares of National Oilwell Varco by 1.0% in the 2nd quarter. Comerica Bank now owns 121,682 shares of the oil and gas exploration company’s stock valued at $4,037,000 after buying an additional 1,187 shares in the last quarter. HAP Trading LLC boosted its holdings in shares of National Oilwell Varco by 281.5% in the 2nd quarter. HAP Trading LLC now owns 21,957 shares of the oil and gas exploration company’s stock valued at $723,000 after buying an additional 34,057 shares in the last quarter. Glenview Trust Co boosted its holdings in shares of National Oilwell Varco by 4.0% in the 2nd quarter. Glenview Trust Co now owns 245,030 shares of the oil and gas exploration company’s stock valued at $8,071,000 after buying an additional 9,382 shares in the last quarter. Finally, Knowledge Leaders Capital LLC boosted its holdings in shares of National Oilwell Varco by 17.0% in the 3rd quarter. Knowledge Leaders Capital LLC now owns 212,022 shares of the oil and gas exploration company’s stock valued at $7,576,000 after buying an additional 30,868 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

NOV has been the subject of several research analyst reports. Scotiabank set a $37.00 target price on shares of National Oilwell Varco and gave the company a “hold” rating in a report on Friday, October 27th. FBR & Co restated a “buy” rating and issued a $42.00 target price on shares of National Oilwell Varco in a report on Thursday, August 31st. Royal Bank Of Canada restated a “hold” rating on shares of National Oilwell Varco in a report on Friday, September 1st. Zacks Investment Research cut shares of National Oilwell Varco from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, UBS AG restated a “neutral” rating and issued a $37.00 target price (down previously from $38.00) on shares of National Oilwell Varco in a report on Monday, July 31st. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $37.83.

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Shares of National Oilwell Varco, Inc. (NYSE:NOV) opened at $31.72 on Tuesday. National Oilwell Varco, Inc. has a 12 month low of $29.90 and a 12 month high of $43.63. 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 issued its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.01. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. National Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.34) EPS. equities analysts expect that National Oilwell Varco, Inc. will post -0.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders 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 annualized dividend and a dividend yield of 0.63%. National Oilwell Varco’s dividend payout ratio is currently -8.06%.

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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