Rockland Trust Co. decreased its stake in shares of National Oilwell Varco, Inc. (NYSE:NOV) by 57.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,185 shares of the oil and gas exploration company’s stock after selling 11,103 shares during the period. Rockland Trust Co.’s holdings in National Oilwell Varco were worth $292,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Andra AP fonden lifted its position in shares of National Oilwell Varco by 32.7% during the second quarter. Andra AP fonden now owns 58,500 shares of the oil and gas exploration company’s stock worth $1,927,000 after purchasing an additional 14,400 shares during the last quarter. Comerica Bank lifted its position in shares of National Oilwell Varco by 1.0% during the second quarter. Comerica Bank now owns 121,682 shares of the oil and gas exploration company’s stock worth $4,037,000 after purchasing an additional 1,187 shares during the last quarter. HAP Trading LLC lifted its position in shares of National Oilwell Varco by 281.5% during the second quarter. HAP Trading LLC now owns 21,957 shares of the oil and gas exploration company’s stock worth $723,000 after purchasing an additional 34,057 shares during the last quarter. Glenview Trust Co lifted its position in shares of National Oilwell Varco by 4.0% during the second quarter. Glenview Trust Co now owns 245,030 shares of the oil and gas exploration company’s stock worth $8,071,000 after purchasing an additional 9,382 shares during the last quarter. Finally, Citizens Financial Group Inc RI bought a new position in shares of National Oilwell Varco during the second quarter worth about $4,153,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

National Oilwell Varco, Inc. (NOV) traded up $1.13 during trading on Monday, reaching $34.55. 1,160,479 shares of the company were exchanged, compared to its average volume of 3,110,000. National Oilwell Varco, Inc. has a 1 year low of $29.90 and a 1 year high of $43.63. 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 (NYSE:NOV) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted ($0.34) EPS. The company’s revenue was up 11.5% on a year-over-year basis. equities analysts forecast that National Oilwell Varco, Inc. will post -0.41 EPS for the current year.

Several brokerages have recently commented on NOV. ValuEngine raised shares of National Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating on shares of National Oilwell Varco in a report on Friday, September 1st. Wells Fargo & Company reissued a “market perform” rating on shares of National Oilwell Varco in a report on Monday, July 10th. Jefferies Group LLC reissued a “hold” rating and issued a $34.00 target price (down previously from $38.00) on shares of National Oilwell Varco in a report on Monday, July 31st. Finally, Cowen and Company reissued a “hold” rating and issued a $37.00 target price on shares of National Oilwell Varco in a report on Tuesday, July 11th. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $37.83.

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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.

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

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