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.
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.
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