Cwm LLC Has $3.48 Million Holdings in National-Oilwell Varco, Inc. (NOV)

Cwm LLC cut its position in National-Oilwell Varco, Inc. (NYSE:NOV) by 17.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 96,511 shares of the oil and gas exploration company’s stock after selling 20,021 shares during the quarter. 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 institutional investors and hedge funds have also recently bought and sold shares of NOV. Hotchkis & Wiley Capital Management LLC acquired a new stake in National-Oilwell Varco in the third quarter worth $226,421,000. Harris Associates L P raised its holdings in National-Oilwell Varco by 16.0% in 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 purchasing an additional 2,557,484 shares during the period. The Manufacturers Life Insurance Company raised its holdings in National-Oilwell Varco by 459.0% in 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 purchasing an additional 2,167,397 shares during the period. Vanguard Group Inc. raised its holdings in National-Oilwell Varco by 2.5% in 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 purchasing an additional 930,849 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in National-Oilwell Varco by 17.1% in 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 purchasing an additional 765,634 shares during the period. Institutional investors own 92.44% of the company’s stock.

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

National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned ($0.34) EPS. The company’s revenue was up 11.5% compared to the same quarter last year. analysts predict that National-Oilwell Varco, Inc. will post -0.41 EPS for the current year.

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

Several equities research analysts have weighed in on the stock. B. Riley reiterated a “buy” rating on shares of National-Oilwell Varco in a report on Wednesday, November 1st. Cowen set a $33.00 target price on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Thursday, January 11th. Susquehanna Bancshares set a $35.00 target price on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Friday, January 12th. Jefferies Group set a $35.00 target price on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $36.00 target price on shares of National-Oilwell Varco in a report on Tuesday, September 26th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $38.04.

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National-Oilwell Varco 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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