MANA Advisors LLC Has $212,000 Holdings in National-Oilwell Varco, Inc. (NOV)

MANA Advisors LLC trimmed its position in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 26.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,761 shares of the oil and gas exploration company’s stock after selling 2,085 shares during the quarter. MANA Advisors LLC’s holdings in National-Oilwell Varco were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bayesian Capital Management LP purchased a new stake in shares of National-Oilwell Varco during the first quarter valued at about $309,000. Knowledge Leaders Capital LLC lifted its position in shares of National-Oilwell Varco by 1.3% during the first quarter. Knowledge Leaders Capital LLC now owns 148,834 shares of the oil and gas exploration company’s stock valued at $5,479,000 after buying an additional 1,933 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of National-Oilwell Varco by 26.6% during the first quarter. Allianz Asset Management GmbH now owns 647,922 shares of the oil and gas exploration company’s stock valued at $23,850,000 after acquiring an additional 136,046 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of National-Oilwell Varco during the first quarter valued at about $395,000. Finally, Rampart Investment Management Company LLC increased its holdings in shares of National-Oilwell Varco by 77.5% during the first quarter. Rampart Investment Management Company LLC now owns 8,273 shares of the oil and gas exploration company’s stock valued at $305,000 after acquiring an additional 3,612 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Shares of National-Oilwell Varco opened at $42.30 on Thursday, Marketbeat reports. National-Oilwell Varco, Inc. has a twelve month low of $29.90 and a twelve month high of $45.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.89 and a current ratio of 3.37. The company has a market capitalization of $16.11 billion, a P/E ratio of -100.71, a price-to-earnings-growth ratio of 68.00 and a beta of 0.81.

National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings results on Thursday, April 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.13). National-Oilwell Varco had a negative return on equity of 1.15% and a negative net margin of 2.49%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.81 billion. analysts forecast that National-Oilwell Varco, Inc. will post 0.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.20 annualized dividend and a yield of 0.47%. National-Oilwell Varco’s dividend payout ratio is presently -47.62%.

In other National-Oilwell Varco news, VP Craig L. Weinstock sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $44.03, for a total value of $220,150.00. Following the sale, the vice president now owns 46,372 shares in the company, valued at approximately $2,041,759.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Scott K. Duff sold 40,459 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $41.02, for a total value of $1,659,628.18. Following the completion of the sale, the vice president now owns 72,697 shares in the company, valued at approximately $2,982,030.94. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

NOV has been the topic of several recent analyst reports. B. Riley downgraded shares of National-Oilwell Varco from a “buy” rating to a “hold” rating and cut their price objective for the company from $42.00 to $40.00 in a report on Tuesday, April 17th. Wells Fargo & Co upped their price objective on shares of National-Oilwell Varco from $37.00 to $47.00 and gave the company a “market perform” rating in a report on Thursday, May 24th. ValuEngine upgraded shares of National-Oilwell Varco from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Susquehanna Bancshares set a $37.00 price objective on shares of National-Oilwell Varco and gave the company a “hold” rating in a report on Friday, April 13th. Finally, Argus restated a “buy” rating and set a $51.00 price objective on shares of National-Oilwell Varco in a report on Thursday, May 17th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $37.63.

About National-Oilwell Varco

National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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

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