Connable Office Inc. continued to hold its stake in National Oilwell Varco, Inc. (NYSE:NOV) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 57,860 shares of the oil and gas exploration company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in National Oilwell Varco were worth $1,906,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NOV. Jolley Asset Management LLC raised its stake 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 last quarter. Telemus Capital LLC raised its stake 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 last quarter. Reliance Trust Co. of Delaware raised its stake 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 last quarter. Reilly Financial Advisors LLC raised its stake in National Oilwell Varco by 3.0% in the first quarter. Reilly Financial Advisors LLC now owns 229,165 shares of the oil and gas exploration company’s stock valued at $9,187,000 after buying an additional 6,678 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in National Oilwell Varco during the first quarter valued at about $864,000. 91.00% of the stock is owned by institutional investors.

National Oilwell Varco, Inc. (NYSE NOV) opened at 30.81 on Thursday. National Oilwell Varco, Inc. has a 52-week low of $30.29 and a 52-week high of $43.63. The stock has a 50 day moving average of $32.79 and a 200-day moving average of $35.87. The company’s market capitalization is $11.71 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) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.14). The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.78 billion. National Oilwell Varco had a negative net margin of 33.24% and a negative return on equity of 2.12%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.30) EPS. On average, equities analysts forecast that National Oilwell Varco, Inc. will post ($0.40) earnings per share for the current year.

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Several research firms have recently issued reports on NOV. BMO Capital Markets set a $30.00 price objective on shares of National Oilwell Varco and gave the stock a “sell” rating in a research report on Wednesday, April 12th. Zacks Investment Research lowered shares of National Oilwell Varco from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Jefferies Group LLC set a $38.00 price objective on shares of National Oilwell Varco and gave the stock a “hold” rating in a research report on Thursday, April 27th. BidaskClub raised shares of National Oilwell Varco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Piper Jaffray Companies set a $37.00 price target on shares of National Oilwell Varco and gave the company a “buy” rating in a report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price 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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