Rice Hall James & Associates LLC Has $232,000 Stock Holdings in National-Oilwell Varco, Inc. (NYSE:NOV)

Rice Hall James & Associates LLC cut its holdings in National-Oilwell Varco, Inc. (NYSE:NOV) by 7.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,438 shares of the oil and gas exploration company’s stock after selling 794 shares during the quarter. Rice Hall James & Associates LLC’s holdings in National-Oilwell Varco were worth $232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Berman Capital Advisors LLC lifted its stake in National-Oilwell Varco by 385.0% in the second quarter. Berman Capital Advisors LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $30,000 after acquiring an additional 1,101 shares during the last quarter. Investors Research Corp lifted its stake in shares of National-Oilwell Varco by 250.0% in the second quarter. Investors Research Corp now owns 1,400 shares of the oil and gas exploration company’s stock worth $31,000 after buying an additional 1,000 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of National-Oilwell Varco by 33.6% in the first quarter. Parallel Advisors LLC now owns 2,334 shares of the oil and gas exploration company’s stock worth $62,000 after buying an additional 587 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of National-Oilwell Varco by 66.1% in the first quarter. Quadrant Capital Group LLC now owns 4,575 shares of the oil and gas exploration company’s stock worth $118,000 after buying an additional 1,820 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of National-Oilwell Varco by 292.1% in the first quarter. Penserra Capital Management LLC now owns 5,301 shares of the oil and gas exploration company’s stock worth $140,000 after buying an additional 3,949 shares during the last quarter. Hedge funds and other institutional investors own 95.64% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of National-Oilwell Varco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 20th. Susquehanna Bancshares upgraded shares of National-Oilwell Varco from a “neutral” rating to a “positive” rating and set a $25.00 price objective for the company in a research note on Monday, August 12th. Raymond James boosted their price objective on shares of National-Oilwell Varco from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. UBS Group set a $25.00 price objective on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, AltaCorp Capital restated an “underperform” rating on shares of National-Oilwell Varco in a research note on Thursday, June 20th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $34.24.

NOV stock traded up $0.36 on Friday, reaching $18.64. 3,647,000 shares of the company were exchanged, compared to its average volume of 5,500,077. National-Oilwell Varco, Inc. has a 12 month low of $18.05 and a 12 month high of $47.46. The stock’s fifty day moving average price is $21.39 and its 200 day moving average price is $24.66. The firm has a market capitalization of $7.23 billion, a PE ratio of -233.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.05 and a quick ratio of 1.76.

National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Monday, July 29th. The oil and gas exploration company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.08 billion. National-Oilwell Varco had a negative net margin of 63.23% and a negative return on equity of 0.64%. As a group, research analysts expect that National-Oilwell Varco, Inc. will post -0.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 12th. National-Oilwell Varco’s dividend payout ratio (DPR) is presently -250.00%.

In other National-Oilwell Varco news, Director Eric L. Mattson sold 4,750 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $21.02, for a total value of $99,845.00. Following the sale, the director now owns 64,503 shares of the company’s stock, valued at approximately $1,355,853.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.92% of the company’s stock.

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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