Parametric Portfolio Associates LLC Has $40.09 Million Stake in National-Oilwell Varco, Inc. (NOV)

Parametric Portfolio Associates LLC raised its stake in National-Oilwell Varco, Inc. (NYSE:NOV) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122,145 shares of the oil and gas exploration company’s stock after acquiring an additional 18,333 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.30% of National-Oilwell Varco worth $40,094,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NOV. IHT Wealth Management LLC grew its position in shares of National-Oilwell Varco by 1,923.1% in the 2nd quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock valued at $112,000 after buying an additional 500 shares during the last quarter. Tiedemann Wealth Management LLC grew its position in shares of National-Oilwell Varco by 77.8% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 11,668 shares of the oil and gas exploration company’s stock valued at $194,000 after buying an additional 5,107 shares during the last quarter. IBM Retirement Fund bought a new stake in shares of National-Oilwell Varco in the 3rd quarter valued at about $200,000. Wrapmanager Inc. bought a new stake in shares of National-Oilwell Varco in the 3rd quarter valued at about $202,000. Finally, Smith Salley & Associates bought a new stake in shares of National-Oilwell Varco during the 3rd quarter valued at about $214,000. 92.44% of the stock is owned by institutional investors.

National-Oilwell Varco, Inc. (NYSE:NOV) traded up $0.30 during midday trading on Friday, reaching $39.14. The company’s stock had a trading volume of 2,530,100 shares, compared to its average volume of 2,960,000. The stock has a market capitalization of $14,870.00, a P/E ratio of -15.78, a price-to-earnings-growth ratio of 20.24 and a beta of 0.95. The company has a quick ratio of 1.62, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. National-Oilwell Varco, Inc. has a twelve month low of $29.90 and a twelve month high of $41.90.

National-Oilwell Varco (NYSE:NOV) last released its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. National-Oilwell Varco had a negative return on equity of 0.74% and a negative net margin of 1.47%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.34) earnings per share. analysts expect that National-Oilwell Varco, Inc. will post -0.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. National-Oilwell Varco’s payout ratio is presently -8.06%.

NOV has been the topic of a number of research reports. Wolfe Research downgraded National-Oilwell Varco from a “market perform” rating to an “underperform” rating in a research note on Tuesday, October 31st. Royal Bank of Canada set a $37.00 price objective on National-Oilwell Varco and gave the stock a “hold” rating in a research note on Thursday, December 21st. ValuEngine raised National-Oilwell Varco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Jefferies Group set a $34.00 price objective on National-Oilwell Varco and gave the stock a “hold” rating in a research note on Thursday, October 5th. Finally, JPMorgan Chase & Co. decreased their price target on National-Oilwell Varco from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average 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.

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

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