RBO & Co. LLC Has $3.01 Million Holdings in National-Oilwell Varco, Inc. (NOV)

RBO & Co. LLC decreased its holdings in National-Oilwell Varco, Inc. (NYSE:NOV) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,665 shares of the oil and gas exploration company’s stock after selling 7,436 shares during the quarter. RBO & Co. LLC’s holdings in National-Oilwell Varco were worth $3,014,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Mn Services Vermogensbeheer B.V. increased its holdings in National-Oilwell Varco by 2.4% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 62,957 shares of the oil and gas exploration company’s stock valued at $2,249,000 after buying an additional 1,500 shares during the period. Bank of Hawaii increased its holdings in National-Oilwell Varco by 4.5% in the 3rd quarter. Bank of Hawaii now owns 36,149 shares of the oil and gas exploration company’s stock valued at $1,292,000 after buying an additional 1,555 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in National-Oilwell Varco by 14.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,580 shares of the oil and gas exploration company’s stock valued at $449,000 after buying an additional 1,558 shares during the period. Moors & Cabot Inc. increased its holdings in National-Oilwell Varco by 6.7% in the 3rd quarter. Moors & Cabot Inc. now owns 27,646 shares of the oil and gas exploration company’s stock valued at $991,000 after buying an additional 1,726 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its holdings in National-Oilwell Varco by 3.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 49,022 shares of the oil and gas exploration company’s stock valued at $1,752,000 after buying an additional 1,788 shares during the period. Institutional investors and hedge funds own 91.10% of the company’s stock.

Shares of National-Oilwell Varco, Inc. (NYSE:NOV) opened at $35.10 on Friday. The company has a current ratio of 3.07, a quick ratio of 1.79 and a debt-to-equity ratio of 0.19. National-Oilwell Varco, Inc. has a 1 year low of $29.90 and a 1 year high of $41.90. The company has a market cap of $13,289.82, a P/E ratio of -55.71, a P/E/G ratio of 22.25 and a beta of 0.89.

National-Oilwell Varco (NYSE:NOV) last posted its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, hitting the 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 business had revenue of $1.97 billion for the quarter. During the same quarter in the prior year, the business earned ($0.15) earnings per share. analysts predict that National-Oilwell Varco, Inc. will post 0.26 earnings per share for the current year.

NOV has been the topic of several recent analyst reports. Wolfe Research lowered shares of National-Oilwell Varco from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 31st. Royal Bank of Canada set a $37.00 target price on shares of National-Oilwell Varco and gave the company a “hold” rating in a report on Thursday, December 21st. JPMorgan Chase & Co. decreased their target price on shares of National-Oilwell Varco from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Susquehanna Bancshares set a $35.00 target price on shares of National-Oilwell Varco and gave the company a “hold” rating in a report on Friday, January 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $34.00 target price on shares of National-Oilwell Varco in a report on Thursday, December 21st. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.13.

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About National-Oilwell Varco

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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