National Oilwell Varco, Inc. (NOV) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in National Oilwell Varco, Inc. (NYSE:NOV) by 1,648.5% during the fourth quarter, Holdings Channel reports. The fund owned 634,915 shares of the oil and gas exploration company’s stock after buying an additional 598,602 shares during the period. Asset Management One Co. Ltd.’s holdings in National Oilwell Varco were worth $23,790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Neuberger Berman Group LLC boosted its position in National Oilwell Varco by 7.7% in the second quarter. Neuberger Berman Group LLC now owns 37,540 shares of the oil and gas exploration company’s stock valued at $1,263,000 after buying an additional 2,689 shares during the last quarter. Welch & Forbes LLC boosted its position in National Oilwell Varco by 138.5% in the second quarter. Welch & Forbes LLC now owns 84,594 shares of the oil and gas exploration company’s stock valued at $2,847,000 after buying an additional 49,120 shares during the last quarter. Hanlon Investment Management Inc. purchased a new position in National Oilwell Varco during the second quarter valued at $5,040,000. Becker Capital Management Inc. boosted its position in National Oilwell Varco by 81.3% in the second quarter. Becker Capital Management Inc. now owns 598,162 shares of the oil and gas exploration company’s stock valued at $20,128,000 after buying an additional 268,267 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. boosted its position in National Oilwell Varco by 9.3% in the second quarter. Pinnacle Financial Partners Inc. now owns 33,031 shares of the oil and gas exploration company’s stock valued at $1,113,000 after buying an additional 2,822 shares during the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.

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

Shares of National Oilwell Varco, Inc. (NYSE:NOV) traded down 2.000% during mid-day trading on Friday, hitting $39.435. The stock had a trading volume of 1,764,782 shares. The stock’s market cap is $14.83 billion. The firm has a 50 day moving average price of $38.59 and a 200-day moving average price of $36.18. National Oilwell Varco, Inc. has a 12 month low of $26.86 and a 12 month high of $43.63.

National Oilwell Varco (NYSE:NOV) last released its quarterly earnings data on Monday, February 6th. The oil and gas exploration company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.14. National Oilwell Varco had a negative return on equity of 2.08% and a negative net margin of 33.26%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was down 37.8% compared to the same quarter last year. On average, equities research analysts forecast that National Oilwell Varco, Inc. will post ($0.36) EPS for the current year.

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Several research firms have weighed in on NOV. Vetr cut National Oilwell Varco from a “buy” rating to a “hold” rating and set a $41.60 price objective on the stock. in a research report on Tuesday. FBR & Co increased their price objective on National Oilwell Varco from $38.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday. Johnson Rice cut National Oilwell Varco from a “buy” rating to a “hold” rating in a research report on Friday, December 9th. Jefferies Group LLC reiterated a “hold” rating and set a $36.00 price objective on shares of National Oilwell Varco in a research report on Wednesday, February 8th. Finally, Simmons increased their target price on National Oilwell Varco from $25.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, February 8th. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $36.82.

National Oilwell Varco Company Profile

National Oilwell Varco, Inc (NOV) is engaged in providing design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations. The Company operates through four segments: Rig Systems, which makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore; Rig Aftermarket, which provides aftermarket products and services to support land and offshore rigs, and drilling rig components manufactured by the Company’s Rig Systems segment; Wellbore Technologies, which sells and rents solids control equipment, and provides solids control, waste management and drilling fluids services, and Completion & Production Solutions, which provides technologies for well completions and oil and gas production.

5 Day Chart for NYSE:NOV

Want to see what other hedge funds are holding NOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Oilwell Varco, Inc. (NYSE:NOV).

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