National-Oilwell Varco, Inc. (NOV) Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. boosted its position in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 91.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,678 shares of the oil and gas exploration company’s stock after buying an additional 7,014 shares during the quarter. Koshinski Asset Management Inc.’s holdings in National-Oilwell Varco were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Marathon Asset Management LLP raised its holdings in National-Oilwell Varco by 1.6% during the 4th quarter. Marathon Asset Management LLP now owns 1,425,375 shares of the oil and gas exploration company’s stock valued at $51,342,000 after buying an additional 23,126 shares during the last quarter. National Pension Service raised its holdings in National-Oilwell Varco by 10.3% in the 4th quarter. National Pension Service now owns 426,721 shares of the oil and gas exploration company’s stock worth $15,370,000 after purchasing an additional 39,906 shares in the last quarter. DnB Asset Management AS raised its holdings in National-Oilwell Varco by 6.0% in the 4th quarter. DnB Asset Management AS now owns 51,245 shares of the oil and gas exploration company’s stock worth $1,846,000 after purchasing an additional 2,900 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in National-Oilwell Varco by 1.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,122,145 shares of the oil and gas exploration company’s stock worth $40,094,000 after purchasing an additional 18,333 shares in the last quarter. Finally, 683 Capital Management LLC bought a new position in National-Oilwell Varco in the 3rd quarter worth $8,575,000. Institutional investors own 91.83% of the company’s stock.

Several brokerages have commented on NOV. B. Riley set a $42.00 price objective on shares of National-Oilwell Varco and gave the stock a “buy” rating in a report on Thursday. Barclays set a $37.00 price objective on shares of National-Oilwell Varco and gave the stock an “equal weight” rating in a report on Thursday. TheStreet upgraded shares of National-Oilwell Varco from a “d+” rating to a “c” rating in a report on Tuesday, February 6th. Cowen upped their price objective on shares of National-Oilwell Varco from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, ValuEngine lowered shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. National-Oilwell Varco currently has an average rating of “Hold” and an average target price of $38.50.

National-Oilwell Varco, Inc. (NYSE NOV) traded up $0.45 during trading hours on Friday, hitting $33.09. 5,517,459 shares of the stock were exchanged, compared to its average volume of 3,260,000. The stock has a market cap of $12,580.00, a P/E ratio of -52.52, a PEG ratio of 18.38 and a beta of 0.89. The company has a quick ratio of 1.62, a current ratio of 3.07 and a debt-to-equity ratio of 0.19. National-Oilwell Varco, Inc. has a 12-month low of $29.90 and a 12-month high of $41.90.

National-Oilwell Varco (NYSE:NOV) last released its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The firm had revenue of $1.97 billion for the quarter. During the same period in the prior year, the company earned ($0.15) earnings per share. analysts expect that National-Oilwell Varco, Inc. will post 0.26 EPS for the current fiscal year.

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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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