Waters Parkerson & CO. LLC lessened its holdings in National Oilwell Varco, Inc. (NYSE:NOV) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,968 shares of the oil and gas exploration company’s stock after selling 1,700 shares during the period. Waters Parkerson & CO. LLC’s holdings in National Oilwell Varco were worth $2,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NOV. BlackRock Inc. raised its stake in National Oilwell Varco by 3,189.2% in the 1st quarter. BlackRock Inc. now owns 24,841,300 shares of the oil and gas exploration company’s stock valued at $995,890,000 after acquiring an additional 24,086,060 shares during the period. FMR LLC raised its stake in National Oilwell Varco by 35.3% in the 1st quarter. FMR LLC now owns 9,054,139 shares of the oil and gas exploration company’s stock valued at $362,980,000 after acquiring an additional 2,363,202 shares during the period. Schroder Investment Management Group raised its stake in National Oilwell Varco by 37,171.5% in the 1st quarter. Schroder Investment Management Group now owns 1,515,460 shares of the oil and gas exploration company’s stock valued at $60,723,000 after acquiring an additional 1,511,394 shares during the period. American Century Companies Inc. raised its stake in National Oilwell Varco by 33.6% in the 2nd quarter. American Century Companies Inc. now owns 5,924,558 shares of the oil and gas exploration company’s stock valued at $195,155,000 after acquiring an additional 1,491,359 shares during the period. Finally, Morgan Stanley raised its stake in National Oilwell Varco by 36.3% in the 1st quarter. Morgan Stanley now owns 4,218,392 shares of the oil and gas exploration company’s stock valued at $169,114,000 after acquiring an additional 1,124,578 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

NOV has been the topic of a number of research reports. ValuEngine raised National Oilwell Varco from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of National Oilwell Varco in a report on Friday, September 1st. Wells Fargo & Company reaffirmed a “market perform” rating on shares of National Oilwell Varco in a report on Monday, July 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $34.00 price objective (down from $38.00) on shares of National Oilwell Varco in a report on Monday, July 31st. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $37.00 price objective on shares of National Oilwell Varco in a report on Tuesday, July 11th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $38.82.

National Oilwell Varco (NYSE:NOV) last posted its earnings results on Thursday, July 27th. The oil and gas exploration company reported ($0.14) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.14). National Oilwell Varco had a negative return on equity of 2.12% and a negative net margin of 33.24%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the business earned ($0.30) earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, September 14th. National Oilwell Varco’s payout ratio is -3.31%.

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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.

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

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