Dimensional Fund Advisors LP Reduces Stake in National-Oilwell Varco, Inc. (NOV)

Dimensional Fund Advisors LP lowered its position in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,366,439 shares of the oil and gas exploration company’s stock after selling 98,184 shares during the quarter. Dimensional Fund Advisors LP’s holdings in National-Oilwell Varco were worth $86,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. JOYN Advisors Inc. lifted its holdings in shares of National-Oilwell Varco by 166.2% during the fourth quarter. JOYN Advisors Inc. now owns 1,046 shares of the oil and gas exploration company’s stock worth $27,000 after buying an additional 653 shares in the last quarter. First Manhattan Co. lifted its holdings in shares of National-Oilwell Varco by 2.3% during the fourth quarter. First Manhattan Co. now owns 30,404 shares of the oil and gas exploration company’s stock worth $781,000 after buying an additional 677 shares in the last quarter. Copperwynd Financial LLC lifted its holdings in shares of National-Oilwell Varco by 10.1% during the fourth quarter. Copperwynd Financial LLC now owns 8,952 shares of the oil and gas exploration company’s stock worth $230,000 after buying an additional 818 shares in the last quarter. Everence Capital Management Inc. lifted its holdings in shares of National-Oilwell Varco by 11.1% during the fourth quarter. Everence Capital Management Inc. now owns 10,586 shares of the oil and gas exploration company’s stock worth $272,000 after buying an additional 1,060 shares in the last quarter. Finally, Enlightenment Research LLC acquired a new stake in shares of National-Oilwell Varco during the fourth quarter worth $28,000. 93.54% of the stock is owned by institutional investors.

In other National-Oilwell Varco news, VP Scott K. Duff sold 15,125 shares of National-Oilwell Varco stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $28.02, for a total value of $423,802.50. Following the transaction, the vice president now owns 54,098 shares in the company, valued at $1,515,825.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.92% of the company’s stock.

National-Oilwell Varco stock opened at $23.95 on Friday. National-Oilwell Varco, Inc. has a 12-month low of $23.42 and a 12-month high of $49.08. The company has a current ratio of 3.30, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of -299.38 and a beta of 1.20.

National-Oilwell Varco (NYSE:NOV) last released its earnings results on Thursday, April 25th. The oil and gas exploration company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.12). National-Oilwell Varco had a negative net margin of 0.47% and a negative return on equity of 0.29%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned ($0.18) EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that National-Oilwell Varco, Inc. will post -0.16 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. Cowen set a $23.00 price target on National-Oilwell Varco and gave the company a “hold” rating in a research note on Friday, April 12th. Zacks Investment Research raised National-Oilwell Varco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Citigroup set a $31.00 price target on National-Oilwell Varco and gave the company a “hold” rating in a research note on Wednesday, May 8th. Gabelli reaffirmed a “buy” rating on shares of National-Oilwell Varco in a research note on Monday, February 11th. Finally, SunTrust Banks dropped their price target on National-Oilwell Varco to $24.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $38.08.

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National-Oilwell Varco Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

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

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