National Oilwell Varco, Inc. (NOV) Position Increased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its position in shares of National Oilwell Varco, Inc. (NYSE:NOV) by 510.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,457 shares of the oil and gas exploration company’s stock after buying an additional 51,385 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in National Oilwell Varco were worth $2,024,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. increased its stake in National Oilwell Varco by 1.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 476,189 shares of the oil and gas exploration company’s stock worth $15,686,000 after buying an additional 4,986 shares during the last quarter. National Pension Service increased its stake in National Oilwell Varco by 9.8% in the second quarter. National Pension Service now owns 371,961 shares of the oil and gas exploration company’s stock worth $12,066,000 after buying an additional 33,059 shares during the last quarter. State of Alaska Department of Revenue increased its stake in National Oilwell Varco by 23.2% in the second quarter. State of Alaska Department of Revenue now owns 13,638 shares of the oil and gas exploration company’s stock worth $449,000 after buying an additional 2,570 shares during the last quarter. CHICAGO TRUST Co NA increased its stake in National Oilwell Varco by 98.5% in the second quarter. CHICAGO TRUST Co NA now owns 52,379 shares of the oil and gas exploration company’s stock worth $1,725,000 after buying an additional 25,994 shares during the last quarter. Finally, Kempner Capital Management Inc. increased its stake in National Oilwell Varco by 2.7% in the second quarter. Kempner Capital Management Inc. now owns 63,534 shares of the oil and gas exploration company’s stock worth $2,093,000 after buying an additional 1,697 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Shares of National Oilwell Varco, Inc. (NYSE:NOV) opened at 34.00 on Friday. The firm’s market capitalization is $12.92 billion. The company has a 50-day moving average of $33.03 and a 200 day moving average of $36.41. National Oilwell Varco, Inc. has a 12-month low of $29.79 and a 12-month high of $43.63.

National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Wednesday, April 26th. The oil and gas exploration company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.03. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.67 billion. National Oilwell Varco had a negative net margin of 35.50% and a negative return on equity of 2.44%. National Oilwell Varco’s quarterly revenue was down 20.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) earnings per share. On average, analysts predict that National Oilwell Varco, Inc. will post ($0.40) EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. National Oilwell Varco’s payout ratio is -3.12%.

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Several equities research analysts have issued reports on NOV shares. Zacks Investment Research downgraded shares of National Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine upgraded shares of National Oilwell Varco from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Cowen and Company reiterated a “hold” rating and set a $37.00 price objective on shares of National Oilwell Varco in a research note on Tuesday, July 11th. Wells Fargo & Company reiterated a “market perform” rating on shares of National Oilwell Varco in a research note on Monday, July 10th. Finally, BidaskClub upgraded shares of National Oilwell Varco from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.35.

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

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