National Oilwell Varco, Inc. (NOV) Shares Bought by Glenview Trust Co

Glenview Trust Co lifted its holdings in shares of National Oilwell Varco, Inc. (NYSE:NOV) by 4.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 245,030 shares of the oil and gas exploration company’s stock after acquiring an additional 9,382 shares during the quarter. Glenview Trust Co owned approximately 0.06% of National Oilwell Varco worth $8,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank boosted its stake in National Oilwell Varco by 6.1% in the 1st quarter. Amalgamated Bank now owns 26,521 shares of the oil and gas exploration company’s stock valued at $1,063,000 after purchasing an additional 1,525 shares during the period. Comerica Bank boosted its stake in National Oilwell Varco by 1.0% in the 2nd quarter. Comerica Bank now owns 121,682 shares of the oil and gas exploration company’s stock valued at $4,037,000 after purchasing an additional 1,187 shares during the period. Andra AP fonden boosted its stake in National Oilwell Varco by 32.7% in the 2nd quarter. Andra AP fonden now owns 58,500 shares of the oil and gas exploration company’s stock valued at $1,927,000 after purchasing an additional 14,400 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in National Oilwell Varco by 13.1% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 234,915 shares of the oil and gas exploration company’s stock valued at $9,416,000 after purchasing an additional 27,197 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in National Oilwell Varco in the 1st quarter valued at $295,000. Institutional investors own 90.29% of the company’s stock.

Shares of National Oilwell Varco, Inc. (NYSE NOV) traded up 0.97% during trading on Friday, reaching $35.54. The company’s stock had a trading volume of 2,264,191 shares. The stock’s market cap is $13.51 billion. National Oilwell Varco, Inc. has a 12-month low of $29.90 and a 12-month high of $43.63. The stock’s 50-day moving average is $31.57 and its 200-day moving average is $34.23.

National Oilwell Varco (NYSE:NOV) last released its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.14). National Oilwell Varco had a negative return on equity of 2.12% and a negative net margin of 33.24%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the business posted ($0.30) earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts anticipate that National Oilwell Varco, Inc. will post ($0.40) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. National Oilwell Varco’s payout ratio is -3.31%.

Several research firms recently issued reports on NOV. ValuEngine upgraded National Oilwell Varco from a “sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada restated a “hold” rating on shares of National Oilwell Varco in a research note on Friday, September 1st. FBR & Co restated a “buy” rating and issued a $42.00 price target on shares of National Oilwell Varco in a research note on Thursday, August 31st. Loop Capital upgraded National Oilwell Varco from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, August 17th. Finally, BidaskClub downgraded National Oilwell Varco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $38.82.

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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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