Garrison Financial Corp lowered its stake in National Oilwell Varco, Inc. (NYSE:NOV) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,119 shares of the oil and gas exploration company’s stock after selling 550 shares during the period. Garrison Financial Corp’s holdings in National Oilwell Varco were worth $1,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC boosted its position in National Oilwell Varco by 0.4% in the first quarter. Moody Lynn & Lieberson LLC now owns 6,684 shares of the oil and gas exploration company’s stock valued at $268,000 after buying an additional 29 shares in the last quarter. Cleararc Capital Inc. boosted its position in National Oilwell Varco by 0.7% in the first quarter. Cleararc Capital Inc. now owns 9,243 shares of the oil and gas exploration company’s stock valued at $371,000 after buying an additional 65 shares in the last quarter. First Manhattan Co. boosted its position in National Oilwell Varco by 0.3% in the first quarter. First Manhattan Co. now owns 32,934 shares of the oil and gas exploration company’s stock valued at $1,210,000 after buying an additional 98 shares in the last quarter. CIBC Asset Management Inc boosted its position in National Oilwell Varco by 0.3% in the second quarter. CIBC Asset Management Inc now owns 36,365 shares of the oil and gas exploration company’s stock valued at $1,198,000 after buying an additional 113 shares in the last quarter. Finally, Sandy Spring Bank boosted its position in National Oilwell Varco by 0.4% in the first quarter. Sandy Spring Bank now owns 32,934 shares of the oil and gas exploration company’s stock valued at $1,320,000 after buying an additional 115 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

National Oilwell Varco, Inc. (NOV) opened at 30.29 on Friday. The firm’s market cap is $11.51 billion. The stock has a 50 day moving average price of $32.69 and a 200 day moving average price of $35.77. National Oilwell Varco, Inc. has a 52-week low of $30.14 and a 52-week high of $43.63.

National Oilwell Varco (NYSE:NOV) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported ($0.14) EPS for the quarter, hitting analysts’ consensus estimates of ($0.14). The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.78 billion. National Oilwell Varco had a negative net margin of 33.24% and a negative return on equity of 2.12%. National Oilwell Varco’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.30) EPS. Equities analysts predict that National Oilwell Varco, Inc. will post ($0.40) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/garrison-financial-corp-sells-550-shares-of-national-oilwell-varco-inc-nov/1478755.html.

Several research analysts have recently weighed in on the company. BidaskClub cut National Oilwell Varco from a “sell” rating to a “strong sell” rating in a research report on Saturday. Piper Jaffray Companies raised National Oilwell Varco from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $36.00 to $37.00 in a research report on Tuesday, June 20th. Seaport Global Securities reaffirmed a “sell” rating on shares of National Oilwell Varco in a research report on Friday, July 28th. R. F. Lafferty reaffirmed a “hold” rating and set a $33.00 price objective (down from $38.00) on shares of National Oilwell Varco in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised National Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. 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 issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.59.

National Oilwell Varco Company Profile

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.

Want to see what other hedge funds are holding NOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Oilwell Varco, Inc. (NYSE:NOV).

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

Receive News & Ratings for National Oilwell Varco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Oilwell Varco Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.