National Oilwell Varco, Inc. (NOV) Shares Bought by Aperio Group LLC

Aperio Group LLC grew its position in National Oilwell Varco, Inc. (NYSE:NOV) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,447 shares of the oil and gas exploration company’s stock after purchasing an additional 21,088 shares during the period. Aperio Group LLC owned approximately 0.05% of National Oilwell Varco worth $7,305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of National Oilwell Varco by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 38,794,232 shares of the oil and gas exploration company’s stock valued at $1,277,882,000 after purchasing an additional 930,849 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of National Oilwell Varco by 1.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 26,505,005 shares of the oil and gas exploration company’s stock valued at $873,075,000 after purchasing an additional 452,148 shares in the last quarter. BlackRock Inc. lifted its stake in shares of National Oilwell Varco by 1.4% in the 2nd quarter. BlackRock Inc. now owns 25,195,874 shares of the oil and gas exploration company’s stock valued at $829,954,000 after purchasing an additional 354,574 shares in the last quarter. Harris Associates L P lifted its position in National Oilwell Varco by 16.0% during the 2nd quarter. Harris Associates L P now owns 18,574,753 shares of the oil and gas exploration company’s stock worth $611,852,000 after acquiring an additional 2,557,484 shares in the last quarter. Finally, FMR LLC lifted its position in National Oilwell Varco by 6.4% during the 2nd quarter. FMR LLC now owns 9,635,851 shares of the oil and gas exploration company’s stock worth $317,405,000 after acquiring an additional 581,712 shares in the last quarter. 90.18% of the stock is currently owned by institutional investors and hedge funds.

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National Oilwell Varco, Inc. (NYSE:NOV) opened at $33.42 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. National Oilwell Varco, Inc. has a 52-week low of $29.90 and a 52-week high of $43.63.

National Oilwell Varco (NYSE:NOV) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) 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 firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.34) EPS. equities research analysts predict that National Oilwell Varco, Inc. will post -0.41 EPS for the current year.

NOV has been the topic of several recent research reports. Wells Fargo & Company reissued a “market perform” rating on shares of National Oilwell Varco in a research report on Monday, July 10th. Cowen and Company reissued a “hold” rating and set a $37.00 price target on shares of National Oilwell Varco in a research report on Tuesday, July 11th. ValuEngine raised National Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered National Oilwell Varco from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub lowered National Oilwell Varco from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.92.

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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