Berkeley Capital Partners LLC raised its stake in shares of National Oilwell Varco, Inc. (NYSE:NOV) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,996 shares of the oil and gas exploration company’s stock after buying an additional 822 shares during the period. Berkeley Capital Partners LLC’s holdings in National Oilwell Varco were worth $659,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of NOV. DnB Asset Management AS increased its position in National Oilwell Varco by 17.2% in the first quarter. DnB Asset Management AS now owns 47,745 shares of the oil and gas exploration company’s stock valued at $1,914,000 after buying an additional 7,000 shares during the period. Palisade Capital Management LLC NJ increased its position in National Oilwell Varco by 18.3% in the first quarter. Palisade Capital Management LLC NJ now owns 53,582 shares of the oil and gas exploration company’s stock valued at $2,148,000 after buying an additional 8,280 shares during the period. Jolley Asset Management LLC increased its position in National Oilwell Varco by 10.2% in the first quarter. Jolley Asset Management LLC now owns 8,070 shares of the oil and gas exploration company’s stock valued at $324,000 after buying an additional 750 shares during the period. Telemus Capital LLC increased its position in National Oilwell Varco by 18.4% in the first quarter. Telemus Capital LLC now owns 22,975 shares of the oil and gas exploration company’s stock valued at $921,000 after buying an additional 3,575 shares during the period. Finally, Reliance Trust Co. of Delaware increased its position in National Oilwell Varco by 33.2% in the first quarter. Reliance Trust Co. of Delaware now owns 30,328 shares of the oil and gas exploration company’s stock valued at $1,216,000 after buying an additional 7,562 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

National Oilwell Varco, Inc. (NYSE NOV) opened at 30.29 on Friday. National Oilwell Varco, Inc. has a 12 month low of $30.14 and a 12 month high of $43.63. The firm’s 50-day moving average is $32.69 and its 200-day moving average is $35.77. The firm’s market capitalization is $11.51 billion.

National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported ($0.14) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.14). The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. National Oilwell Varco had a negative return on equity of 2.12% and a negative net margin of 33.24%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.30) EPS. On average, equities research analysts expect that National Oilwell Varco, Inc. will post ($0.40) EPS for the current year.

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Several research firms have weighed in on NOV. Zacks Investment Research downgraded shares of National Oilwell Varco from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Jefferies Group LLC set a $38.00 target price on shares of National Oilwell Varco and gave the company a “hold” rating in a report on Thursday, April 27th. BidaskClub upgraded shares of National Oilwell Varco from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Piper Jaffray Companies set a $37.00 target price on shares of National Oilwell Varco and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Scotiabank set a $37.00 target price on shares of National Oilwell Varco and gave the company a “hold” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.59.

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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