National-Oilwell Varco, Inc. (NYSE:NOV) Position Lowered by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 27.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,456,813 shares of the oil and gas exploration company’s stock after selling 548,625 shares during the period. Deutsche Bank AG owned about 0.38% of National-Oilwell Varco worth $52,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOV. Oppenheimer Asset Management Inc. increased its stake in shares of National-Oilwell Varco by 14.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 12,580 shares of the oil and gas exploration company’s stock valued at $449,000 after purchasing an additional 1,558 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of National-Oilwell Varco by 6.7% during the third quarter. Moors & Cabot Inc. now owns 27,646 shares of the oil and gas exploration company’s stock valued at $991,000 after purchasing an additional 1,726 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of National-Oilwell Varco by 3.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 49,022 shares of the oil and gas exploration company’s stock valued at $1,752,000 after purchasing an additional 1,788 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of National-Oilwell Varco by 4.3% during the fourth quarter. D.A. Davidson & CO. now owns 46,509 shares of the oil and gas exploration company’s stock valued at $1,675,000 after purchasing an additional 1,901 shares in the last quarter. Finally, Norinchukin Bank The grew its holdings in shares of National-Oilwell Varco by 7.2% during the third quarter. Norinchukin Bank The now owns 28,286 shares of the oil and gas exploration company’s stock valued at $1,011,000 after buying an additional 1,912 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

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A number of research firms have recently commented on NOV. Cowen increased their price target on shares of National-Oilwell Varco from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. TheStreet upgraded shares of National-Oilwell Varco from a “d+” rating to a “c” rating in a report on Tuesday, February 6th. Zacks Investment Research upgraded shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Seaport Global Securities reiterated a “sell” rating and issued a $30.00 price target on shares of National-Oilwell Varco in a research report on Monday, February 12th. Finally, Jefferies Group set a $35.00 price target on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $37.55.

NOV stock opened at $36.99 on Friday. National-Oilwell Varco, Inc. has a 12 month low of $29.90 and a 12 month high of $39.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.79. The stock has a market cap of $13,898.05, a P/E ratio of -88.07, a PEG ratio of 23.74 and a beta of 0.80.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.20 annualized dividend and a yield of 0.54%. National-Oilwell Varco’s dividend payout ratio (DPR) is -47.62%.

In other National-Oilwell Varco news, VP Scott K. Duff sold 7,421 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $35.66, for a total value of $264,632.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by insiders.

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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.

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

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