Waters Parkerson & CO. LLC decreased its holdings in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,593 shares of the oil and gas exploration company’s stock after selling 3,375 shares during the period. Waters Parkerson & CO. LLC’s holdings in National-Oilwell Varco were worth $2,987,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fernwood Investment Management LLC raised its position in National-Oilwell Varco by 0.6% during the 2nd quarter. Fernwood Investment Management LLC now owns 15,765 shares of the oil and gas exploration company’s stock valued at $519,000 after purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of National-Oilwell Varco by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 36,365 shares of the oil and gas exploration company’s stock worth $1,198,000 after acquiring an additional 113 shares during the period. Cadence Capital Management LLC grew its holdings in shares of National-Oilwell Varco by 1.0% during the 2nd quarter. Cadence Capital Management LLC now owns 14,143 shares of the oil and gas exploration company’s stock worth $466,000 after acquiring an additional 143 shares during the period. Peddock Capital Advisors LLC grew its holdings in shares of National-Oilwell Varco by 1.7% during the 2nd quarter. Peddock Capital Advisors LLC now owns 9,188 shares of the oil and gas exploration company’s stock worth $303,000 after acquiring an additional 150 shares during the period. Finally, Lakeview Capital Partners LLC grew its holdings in shares of National-Oilwell Varco by 2.6% during the 2nd quarter. Lakeview Capital Partners LLC now owns 6,194 shares of the oil and gas exploration company’s stock worth $204,000 after acquiring an additional 155 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.
National-Oilwell Varco, Inc. (NYSE:NOV) traded down $0.15 during trading on Wednesday, hitting $33.14. The company had a trading volume of 1,859,800 shares, compared to its average volume of 3,279,031. The company has a current ratio of 2.75, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19. National-Oilwell Varco, Inc. has a 52 week low of $29.90 and a 52 week high of $41.90.
National-Oilwell Varco (NYSE:NOV) last issued its earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. National-Oilwell Varco had a negative return on equity of 1.41% and a negative net margin of 13.33%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted ($0.34) EPS. The company’s revenue was up 11.5% compared to the same quarter last year. analysts expect that National-Oilwell Varco, Inc. will post -0.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.20 annualized dividend and a yield of 0.60%. National-Oilwell Varco’s dividend payout ratio is -8.03%.
NOV has been the topic of a number of research analyst reports. FBR & Co reiterated a “buy” rating and set a $42.00 target price on shares of National-Oilwell Varco in a report on Thursday, August 31st. R. F. Lafferty reduced their target price on National-Oilwell Varco from $33.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, November 6th. Cowen set a $30.00 target price on National-Oilwell Varco and gave the stock a “hold” rating in a report on Friday, October 6th. Piper Jaffray Companies reiterated a “buy” rating and set a $36.00 target price on shares of National-Oilwell Varco in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded National-Oilwell Varco from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, October 9th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. National-Oilwell Varco has a consensus rating of “Hold” and a consensus target price of $38.00.
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National-Oilwell Varco Company 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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