First Eagle Investment Management LLC increased its holdings in shares of National Oilwell Varco, Inc. (NYSE:NOV) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,068,594 shares of the oil and gas exploration company’s stock after purchasing an additional 563,589 shares during the period. National Oilwell Varco makes up about 2.2% of First Eagle Investment Management LLC’s holdings, making the stock its 11th biggest position. First Eagle Investment Management LLC owned 7.12% of National Oilwell Varco worth $967,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in National Oilwell Varco by 2.5% in the second quarter. Vanguard Group Inc. now owns 38,794,232 shares of the oil and gas exploration company’s stock valued at $1,277,882,000 after acquiring an additional 930,849 shares during the period. BlackRock Inc. lifted its holdings in National Oilwell Varco by 1.4% during the second quarter. BlackRock Inc. now owns 25,195,874 shares of the oil and gas exploration company’s stock worth $829,954,000 after acquiring an additional 354,574 shares during the period. Harris Associates L P lifted its holdings in National Oilwell Varco by 16.0% during the second quarter. Harris Associates L P now owns 18,574,753 shares of the oil and gas exploration company’s stock worth $611,852,000 after acquiring an additional 2,557,484 shares during the period. FMR LLC lifted its holdings in National Oilwell Varco by 6.4% during the second quarter. FMR LLC now owns 9,635,851 shares of the oil and gas exploration company’s stock worth $317,405,000 after acquiring an additional 581,712 shares during the period. Finally, American Century Companies Inc. lifted its holdings in National Oilwell Varco by 3.5% during the third quarter. American Century Companies Inc. now owns 6,134,711 shares of the oil and gas exploration company’s stock worth $219,193,000 after acquiring an additional 210,153 shares during the period. 90.16% of the stock is owned by institutional investors and hedge funds.

National Oilwell Varco, Inc. (NYSE:NOV) traded down $1.03 during trading on Monday, reaching $33.52. 4,237,500 shares of the company’s stock were exchanged, compared to its average volume of 3,331,247. National Oilwell Varco, Inc. has a 12 month low of $29.90 and a 12 month high of $43.63. The company has a current ratio of 2.75, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19.

National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.01. National Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business earned ($0.34) EPS. The company’s revenue was up 11.5% on a year-over-year basis. equities analysts expect that National Oilwell Varco, Inc. will post -0.41 earnings per share for the current fiscal year.

NOV has been the subject of several recent research reports. BidaskClub cut National Oilwell Varco from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Piper Jaffray Companies set a $37.00 target price on National Oilwell Varco and gave the stock a “buy” rating in a research report on Thursday, July 27th. Scotiabank set a $37.00 target price on National Oilwell Varco and gave the stock a “hold” rating in a research report on Friday, July 28th. Credit Suisse Group set a $35.00 target price on National Oilwell Varco and gave the stock a “hold” rating in a research report on Saturday, July 29th. Finally, UBS AG restated a “neutral” rating and set a $37.00 target price (down from $38.00) on shares of National Oilwell Varco in a research report on Monday, July 31st. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.83.

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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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