Scott K. Duff Sells 7,421 Shares of National-Oilwell Varco, Inc. (NOV) Stock
National-Oilwell Varco, Inc. (NYSE:NOV) VP Scott K. Duff sold 7,421 shares of National-Oilwell Varco stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $35.66, for a total transaction of $264,632.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
National-Oilwell Varco, Inc. (NYSE:NOV) opened at $36.08 on Friday. The company has a quick ratio of 1.79, a current ratio of 3.07 and a debt-to-equity ratio of 0.19. The company has a market cap of $13,460.89, a price-to-earnings ratio of -57.27, a price-to-earnings-growth ratio of 22.64 and a beta of 0.88. National-Oilwell Varco, Inc. has a one year low of $29.90 and a one year high of $41.00.
National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $1.97 billion for the quarter. National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. equities research analysts anticipate that National-Oilwell Varco, Inc. will post 0.26 EPS for the current year.
Several equities research analysts have recently issued reports on NOV shares. R. F. Lafferty decreased their price objective on shares of 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. Royal Bank of Canada reaffirmed a “hold” rating and set a $40.00 price objective on shares of National-Oilwell Varco in a research report on Friday, January 19th. ValuEngine cut shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. TheStreet raised shares of National-Oilwell Varco from a “d+” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Cowen set a $33.00 price objective on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research report on Thursday, January 11th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $38.13.
A number of hedge funds and other institutional investors have recently bought and sold shares of NOV. Fox Run Management L.L.C. acquired a new position in National-Oilwell Varco in the third quarter valued at $254,000. Nationwide Fund Advisors increased its stake in National-Oilwell Varco by 4.5% in the third quarter. Nationwide Fund Advisors now owns 374,678 shares of the oil and gas exploration company’s stock valued at $13,387,000 after purchasing an additional 16,189 shares during the period. Aperio Group LLC increased its stake in National-Oilwell Varco by 11.5% in the third quarter. Aperio Group LLC now owns 204,447 shares of the oil and gas exploration company’s stock valued at $7,305,000 after purchasing an additional 21,088 shares during the period. Calamos Advisors LLC increased its stake in National-Oilwell Varco by 3.8% in the third quarter. Calamos Advisors LLC now owns 78,317 shares of the oil and gas exploration company’s stock valued at $2,798,000 after purchasing an additional 2,872 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in National-Oilwell Varco in the third quarter valued at $1,181,000. Institutional investors own 91.10% of the company’s stock.
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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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