Ashburton Jersey Ltd purchased a new position in National Oilwell Varco, Inc. (NYSE:NOV) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,300 shares of the oil and gas exploration company’s stock, valued at approximately $654,000.

Other institutional investors have also modified their holdings of the company. IHT Wealth Management LLC raised its position in National Oilwell Varco by 1,923.1% in the second quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock worth $112,000 after acquiring an additional 500 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in National Oilwell Varco in the second quarter worth about $194,000. IBM Retirement Fund bought a new stake in National Oilwell Varco in the third quarter worth about $200,000. Wrapmanager Inc. purchased a new position in National Oilwell Varco in the 3rd quarter worth about $202,000. Finally, Lakeview Capital Partners LLC increased its stake in National Oilwell Varco by 2.6% in 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 purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

A number of equities analysts recently weighed in on the company. ValuEngine cut National Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. B. Riley reissued a “buy” rating on shares of National Oilwell Varco in a research note on Wednesday, November 1st. R. F. Lafferty dropped their price target on National Oilwell Varco from $33.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. Wolfe Research cut National Oilwell Varco from a “market perform” rating to an “underperform” rating in a research note on Tuesday, October 31st. Finally, Citigroup Inc. dropped their price target on National Oilwell Varco from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 31st. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. National Oilwell Varco presently has an average rating of “Hold” and a consensus price target of $37.83.

National Oilwell Varco, Inc. (NYSE:NOV) traded down $0.05 during trading hours on Friday, reaching $31.89. The company’s stock had a trading volume of 345,605 shares, compared to its average volume of 3,311,637. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 2.75. National Oilwell Varco, Inc. has a 52 week low of $29.90 and a 52 week high of $43.63.

National Oilwell Varco (NYSE:NOV) last released its earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business posted ($0.34) EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. equities analysts forecast that National Oilwell Varco, Inc. will post -0.41 earnings per share 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 of this dividend is Thursday, December 7th. This represents a $0.20 annualized dividend and a yield of 0.63%. National Oilwell Varco’s dividend payout ratio (DPR) is presently -8.03%.

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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.

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

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