Mission Wealth Management LP Takes $224,000 Position in National-Oilwell Varco, Inc. (NOV)

Mission Wealth Management LP acquired a new stake in National-Oilwell Varco, Inc. (NYSE:NOV) during the 4th quarter, Holdings Channel reports. The fund acquired 6,232 shares of the oil and gas exploration company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC bought a new stake in National-Oilwell Varco during the 3rd quarter worth about $226,421,000. Wells Fargo & Company MN lifted its position in National-Oilwell Varco by 17.1% during the 3rd 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. Parnassus Investments CA lifted its position in National-Oilwell Varco by 10.1% during the 4th quarter. Parnassus Investments CA now owns 6,929,938 shares of the oil and gas exploration company’s stock worth $249,616,000 after buying an additional 637,925 shares in the last quarter. First Eagle Investment Management LLC lifted its position in National-Oilwell Varco by 2.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 27,068,594 shares of the oil and gas exploration company’s stock worth $967,161,000 after buying an additional 563,589 shares in the last quarter. Finally, Contrarius Investment Management Ltd lifted its position in National-Oilwell Varco by 16.4% during the 3rd quarter. Contrarius Investment Management Ltd now owns 3,103,081 shares of the oil and gas exploration company’s stock worth $110,873,000 after buying an additional 436,812 shares in the last quarter. 91.10% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on NOV shares. Wolfe Research cut shares of National-Oilwell Varco from a “market perform” rating to an “underperform” rating in a research report on Tuesday, October 31st. Royal Bank of Canada set a $37.00 price target on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research report on Thursday, December 21st. JPMorgan Chase & Co. cut their price target on shares of National-Oilwell Varco from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 30th. Susquehanna Bancshares set a $35.00 price target on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research report on Friday, January 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $34.00 price target on shares of National-Oilwell Varco in a research report on Thursday, December 21st. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. National-Oilwell Varco currently has an average rating of “Hold” and an average price target of $38.13.

National-Oilwell Varco, Inc. (NYSE NOV) opened at $35.38 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 1.79 and a current ratio of 3.07.

National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The business had revenue of $1.97 billion for the quarter. During the same quarter last year, the company posted ($0.15) EPS. research analysts expect that National-Oilwell Varco, Inc. will post 0.26 earnings per share for the current year.

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

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