Assenagon Asset Management S.A. Has $5.87 Million Holdings in National-Oilwell Varco, Inc. (NOV)

Assenagon Asset Management S.A. raised its position in National-Oilwell Varco, Inc. (NYSE:NOV) by 1,004.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 136,269 shares of the oil and gas exploration company’s stock after purchasing an additional 123,929 shares during the period. Assenagon Asset Management S.A.’s holdings in National-Oilwell Varco were worth $5,870,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Independent Order of Foresters grew its position in shares of National-Oilwell Varco by 19.7% during the 2nd quarter. Independent Order of Foresters now owns 7,281 shares of the oil and gas exploration company’s stock valued at $316,000 after acquiring an additional 1,200 shares during the period. State Treasurer State of Michigan grew its position in shares of National-Oilwell Varco by 1.1% during the 2nd quarter. State Treasurer State of Michigan now owns 113,078 shares of the oil and gas exploration company’s stock valued at $4,908,000 after acquiring an additional 1,200 shares during the period. Whittier Trust Co. grew its position in shares of National-Oilwell Varco by 180.6% during the 2nd quarter. Whittier Trust Co. now owns 2,455 shares of the oil and gas exploration company’s stock valued at $202,000 after acquiring an additional 1,580 shares during the period. MUFG Americas Holdings Corp grew its position in shares of National-Oilwell Varco by 29.8% during the 2nd quarter. MUFG Americas Holdings Corp now owns 7,183 shares of the oil and gas exploration company’s stock valued at $312,000 after acquiring an additional 1,650 shares during the period. Finally, Dupont Capital Management Corp grew its position in shares of National-Oilwell Varco by 55.9% during the 2nd quarter. Dupont Capital Management Corp now owns 4,960 shares of the oil and gas exploration company’s stock valued at $215,000 after acquiring an additional 1,779 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

NOV has been the subject of a number of research reports. Citigroup increased their target price on shares of National-Oilwell Varco from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, July 11th. BMO Capital Markets increased their target price on shares of National-Oilwell Varco from $32.00 to $39.00 and gave the company a “sell” rating in a research report on Monday, July 30th. Wells Fargo & Co increased their target price on shares of National-Oilwell Varco from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Sunday, July 29th. Credit Suisse Group set a $43.00 target price on shares of National-Oilwell Varco and gave the company a “hold” rating in a research report on Monday, July 30th. Finally, Raymond James increased their target price on shares of National-Oilwell Varco from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company’s stock. National-Oilwell Varco currently has a consensus rating of “Hold” and a consensus target price of $43.32.

In related news, Director Eric L. Mattson sold 11,112 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $45.34, for a total value of $503,818.08. Following the completion of the transaction, the director now directly owns 66,862 shares of the company’s stock, valued at approximately $3,031,523.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric L. Mattson sold 5,284 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $45.06, for a total transaction of $238,097.04. Following the completion of the transaction, the director now directly owns 66,862 shares of the company’s stock, valued at $3,012,801.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,734 shares of company stock valued at $939,945. 0.79% of the stock is owned by insiders.

NOV opened at $36.11 on Friday. The company has a market capitalization of $14.23 billion, a P/E ratio of -85.98, a price-to-earnings-growth ratio of 1,005.60 and a beta of 0.93. National-Oilwell Varco, Inc. has a 12 month low of $31.47 and a 12 month high of $49.08. The company has a quick ratio of 1.78, a current ratio of 3.17 and a debt-to-equity ratio of 0.19.

National-Oilwell Varco Company Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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

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