Gamco Investors INC. ET AL lessened its stake in National Oilwell Varco, Inc. (NYSE:NOV) by 11.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,000 shares of the oil and gas exploration company’s stock after selling 4,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in National Oilwell Varco were worth $1,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NOV. IHT Wealth Management LLC increased its holdings in National Oilwell Varco by 1,923.1% in the 2nd quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock worth $112,000 after acquiring an additional 500 shares in the last quarter. Exane Derivatives increased its holdings in National Oilwell Varco by 113.8% in the 2nd quarter. Exane Derivatives now owns 3,985 shares of the oil and gas exploration company’s stock worth $131,000 after acquiring an additional 2,121 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in National Oilwell Varco in the 2nd quarter worth $194,000. Lakeview Capital Partners LLC increased its holdings in National Oilwell Varco by 2.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 6,194 shares of the oil and gas exploration company’s stock worth $204,000 after acquiring an additional 155 shares in the last quarter. Finally, IndexIQ Advisors LLC purchased a new stake in National Oilwell Varco in the 2nd quarter worth $217,000. 90.16% of the stock is owned by institutional investors.

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Several equities research analysts recently commented on the stock. B. Riley reissued a “buy” rating on shares of National Oilwell Varco in a report on Wednesday, November 1st. R. F. Lafferty cut their price target on shares of 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 lowered shares of National Oilwell Varco from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 31st. Citigroup Inc. dropped their target price on shares of 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 dropped their target price on shares of 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 equities research 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 a consensus price target of $37.83.

National Oilwell Varco, Inc. (NYSE NOV) opened at $33.06 on Tuesday. National Oilwell Varco, Inc. has a 1 year low of $29.90 and a 1 year high of $43.63. The company has a quick ratio of 1.62, a current ratio of 2.75 and a debt-to-equity ratio of 0.19.

National Oilwell Varco (NYSE:NOV) last posted its earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.01. The company had revenue of $1.84 billion for 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%. National Oilwell Varco’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.34) earnings per share. analysts forecast that National Oilwell Varco, Inc. will post -0.41 EPS for the current year.

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.

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

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