Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 8.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,471 shares of the oil and gas exploration company’s stock after selling 6,309 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in National-Oilwell Varco were worth $712,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOV. First Trust Advisors LP grew its stake in shares of National-Oilwell Varco by 111.4% during the 1st quarter. First Trust Advisors LP now owns 127,021 shares of the oil and gas exploration company’s stock worth $3,384,000 after acquiring an additional 66,949 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of National-Oilwell Varco during the 4th quarter worth approximately $555,000. Wealthfront Advisers LLC grew its stake in shares of National-Oilwell Varco by 46.7% during the 4th quarter. Wealthfront Advisers LLC now owns 51,252 shares of the oil and gas exploration company’s stock worth $1,284,000 after acquiring an additional 16,324 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of National-Oilwell Varco during the 4th quarter worth approximately $305,000. Finally, Peddock Capital Advisors LLC bought a new position in shares of National-Oilwell Varco during the 4th quarter worth approximately $73,000. 95.37% of the stock is owned by institutional investors and hedge funds.

In other National-Oilwell Varco news, CFO Jose A. Bayardo purchased 20,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $8.47 per share, with a total value of $169,400.00. Following the acquisition, the chief financial officer now directly owns 245,748 shares of the company’s stock, valued at approximately $2,081,485.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jose A. Bayardo bought 11,500 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average cost of $8.85 per share, with a total value of $101,775.00. Following the acquisition, the chief financial officer now directly owns 245,748 shares of the company’s stock, valued at approximately $2,174,869.80. The disclosure for this purchase can be found here. Company insiders own 0.92% of the company’s stock.

Shares of National-Oilwell Varco stock opened at $12.09 on Friday. The business has a fifty day simple moving average of $11.77 and a two-hundred day simple moving average of $18.59. National-Oilwell Varco, Inc. has a 1 year low of $8.00 and a 1 year high of $25.81. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of -0.57 and a beta of 1.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.73 and a quick ratio of 1.79.

Several brokerages have recently weighed in on NOV. Wells Fargo & Co raised their price target on shares of National-Oilwell Varco from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Argus cut shares of National-Oilwell Varco from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Capital One Financial raised shares of National-Oilwell Varco from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, April 7th. Stephens cut shares of National-Oilwell Varco to a “hold” rating and set a $9.00 price target for the company. in a research note on Friday, March 20th. Finally, Raymond James increased their price objective on National-Oilwell Varco from $11.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $19.35.

About National-Oilwell Varco

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

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

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