Cwm LLC Sells 20,021 Shares of National-Oilwell Varco, Inc. (NOV)

Cwm LLC lessened its holdings in National-Oilwell Varco, Inc. (NYSE:NOV) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,511 shares of the oil and gas exploration company’s stock after selling 20,021 shares during the period. Cwm LLC’s holdings in National-Oilwell Varco were worth $3,476,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NOV. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of National-Oilwell Varco during the third quarter worth approximately $226,421,000. Harris Associates L P increased its holdings 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 worth $611,852,000 after buying an additional 2,557,484 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of National-Oilwell Varco by 459.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,639,603 shares of the oil and gas exploration company’s stock worth $86,948,000 after buying an additional 2,167,397 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of National-Oilwell Varco by 2.5% during the second quarter. Vanguard Group Inc. now owns 38,794,232 shares of the oil and gas exploration company’s stock worth $1,277,882,000 after buying an additional 930,849 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of National-Oilwell Varco by 17.1% during the third quarter. Wells Fargo & Company MN now owns 5,248,794 shares of the oil and gas exploration company’s stock worth $187,541,000 after buying an additional 765,634 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on NOV shares. ValuEngine raised shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $36.00 price objective on shares of National-Oilwell Varco in a report on Tuesday, September 26th. Citigroup raised their price objective on shares of National-Oilwell Varco from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Jefferies Group set a $34.00 price objective on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, Cowen set a $30.00 price objective on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Friday, October 6th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.04.

Shares of National-Oilwell Varco, Inc. (NOV) opened at $38.47 on Wednesday. National-Oilwell Varco, Inc. has a 52 week low of $29.90 and a 52 week high of $41.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 2.75. The company has a market cap of $14,620.00, a P/E ratio of -15.51, a PEG ratio of 21.18 and a beta of 0.95.

National-Oilwell Varco (NYSE:NOV) last released its quarterly earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. National-Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm earned ($0.34) earnings per share. National-Oilwell Varco’s revenue 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 fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. National-Oilwell Varco’s dividend payout ratio (DPR) is currently -8.06%.

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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.

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

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