Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in National Oilwell Varco, Inc. (NYSE:NOV) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 58,492 shares of the oil and gas exploration company’s stock after acquiring an additional 3,980 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in National Oilwell Varco were worth $2,090,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Andra AP fonden raised its holdings in National Oilwell Varco by 32.7% in the 2nd quarter. Andra AP fonden now owns 58,500 shares of the oil and gas exploration company’s stock valued at $1,927,000 after acquiring an additional 14,400 shares during the last quarter. Comerica Bank raised its holdings in National Oilwell Varco by 1.0% in the 2nd quarter. Comerica Bank now owns 121,682 shares of the oil and gas exploration company’s stock valued at $4,037,000 after acquiring an additional 1,187 shares during the last quarter. HAP Trading LLC raised its holdings in National Oilwell Varco by 281.5% in the 2nd quarter. HAP Trading LLC now owns 21,957 shares of the oil and gas exploration company’s stock valued at $723,000 after acquiring an additional 34,057 shares during the last quarter. Glenview Trust Co raised its holdings in National Oilwell Varco by 4.0% in the 2nd quarter. Glenview Trust Co now owns 245,030 shares of the oil and gas exploration company’s stock valued at $8,071,000 after acquiring an additional 9,382 shares during the last quarter. Finally, Knowledge Leaders Capital LLC raised its holdings in National Oilwell Varco by 17.0% in the 3rd quarter. Knowledge Leaders Capital LLC now owns 212,022 shares of the oil and gas exploration company’s stock valued at $7,576,000 after acquiring an additional 30,868 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

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National Oilwell Varco, Inc. (NYSE NOV) opened at $33.52 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.75 and a quick ratio of 1.62. National Oilwell Varco, Inc. has a 12-month low of $29.90 and a 12-month high of $43.63.

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

Several brokerages have weighed in on NOV. B. Riley reiterated a “buy” rating on shares of National Oilwell Varco in a report on Wednesday, November 1st. R. F. Lafferty cut their price target on National Oilwell Varco from $33.00 to $31.00 and set a “hold” rating for the company in a report on Monday, November 6th. Wolfe Research downgraded National Oilwell Varco from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 31st. Citigroup Inc. cut their price target on National Oilwell Varco from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, October 31st. Finally, Barclays PLC cut their price target on National Oilwell Varco from $38.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, October 30th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. National Oilwell Varco currently has a consensus rating of “Hold” and an average target price of $37.83.

National Oilwell Varco 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.

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

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