JPMorgan Chase & Co. decreased its holdings in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 47.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,206 shares of the oil and gas exploration company’s stock after selling 326,365 shares during the period. JPMorgan Chase & Co. owned about 0.10% of National-Oilwell Varco worth $12,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Canada Pension Plan Investment Board increased its position in shares of National-Oilwell Varco by 83.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 120,520 shares of the oil and gas exploration company’s stock worth $3,970,000 after purchasing an additional 54,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of National-Oilwell Varco by 5.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,534,598 shares of the oil and gas exploration company’s stock worth $50,550,000 after purchasing an additional 80,412 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of National-Oilwell Varco by 36.3% during the 2nd quarter. State of Wisconsin Investment Board now owns 295,313 shares of the oil and gas exploration company’s stock worth $9,728,000 after purchasing an additional 78,620 shares during the last quarter. Legal & General Group Plc increased its position in shares of National-Oilwell Varco by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 2,062,436 shares of the oil and gas exploration company’s stock worth $67,925,000 after purchasing an additional 5,431 shares during the last quarter. Finally, Comerica Bank increased its position in shares of National-Oilwell Varco by 1.0% during the 2nd 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. Hedge funds and other institutional investors own 92.47% of the company’s stock.

A number of analysts recently issued reports on the company. SunTrust Banks raised National-Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. ValuEngine downgraded National-Oilwell Varco from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. B. Riley reissued a “buy” rating on shares of National-Oilwell Varco in a research report on Wednesday, November 1st. R. F. Lafferty dropped their target price on National-Oilwell Varco from $33.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, November 6th. Finally, Wolfe Research downgraded National-Oilwell Varco from a “market perform” rating to an “underperform” rating in a research report on Tuesday, October 31st. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. National-Oilwell Varco presently has an average rating of “Hold” and a consensus price target of $38.00.

National-Oilwell Varco, Inc. (NYSE NOV) opened at $34.32 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 2.75. National-Oilwell Varco, Inc. has a twelve month low of $29.90 and a twelve month high of $41.90.

National-Oilwell Varco (NYSE:NOV) last released its earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.01. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. National-Oilwell Varco had a negative return on equity of 1.41% and a negative net margin of 13.33%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.34) earnings per share. analysts predict that National-Oilwell Varco, Inc. will post -0.41 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, December 7th. National-Oilwell Varco’s payout ratio is currently -8.03%.

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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.

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

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