National-Oilwell Varco (NOV) : Jolley Asset Management scooped up 600 additional shares in National-Oilwell Varco during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 5,220 shares of National-Oilwell Varco which is valued at $152,789.National-Oilwell Varco makes up approximately 0.13% of Jolley Asset Management’s portfolio.
National-Oilwell Varco opened for trading at $30.47 and hit $32.225 on the upside on Wednesday, eventually ending the session at $31.7, with a gain of 7.93% or 2.33 points. The heightened volatility saw the trading volume jump to 1,02,64,697 shares. Company has a market cap of $11,913 M.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in NOV in the latest quarter, The investment management firm added 2,039 additional shares and now holds a total of 2,077 shares of National-Oilwell Varco which is valued at $60,794. National-Oilwell Varco makes up approx 0.02% of Advisory Services Network’s portfolio.Koshinski Asset Management reduced its stake in NOV by selling 341 shares or 4.05% in the most recent quarter. The Hedge Fund company now holds 8,076 shares of NOV which is valued at $223,544. National-Oilwell Varco makes up approx 0.14% of Koshinski Asset Management’s portfolio.British Columbia Investment Management Corp reduced its stake in NOV by selling 3,822 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 186,817 shares of NOV which is valued at $5,103,840. National-Oilwell Varco makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.Iowa State Bank boosted its stake in NOV in the latest quarter, The investment management firm added 1,780 additional shares and now holds a total of 39,683 shares of National-Oilwell Varco which is valued at $1,084,140. National-Oilwell Varco makes up approx 0.62% of Iowa State Bank’s portfolio.Chevy Chase Trust Holdings boosted its stake in NOV in the latest quarter, The investment management firm added 8,094 additional shares and now holds a total of 320,833 shares of National-Oilwell Varco which is valued at $8,765,158. National-Oilwell Varco makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.
On the company’s financial health, National-Oilwell Varco reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.45. The company had revenue of $2722.00 million for the quarter, compared to analysts expectations of $3040.28 million. The company’s revenue was down -52.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.69 EPS.
Many Wall Street Analysts have commented on National-Oilwell Varco. National-Oilwell Varco was Upgraded by Morgan Stanley to ” Overweight” on Apr 27, 2016. Barclays Downgraded National-Oilwell Varco on Apr 20, 2016 to ” Equal Weight”, Price Target of the shares are set at $33.Shares were Reiterated by RBC Capital Mkts on Apr 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 30 from a previous price target of $33 .
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 also provides oilfield services to the upstream oil and gas industry. The Company operates through four segments: Rig Systems Rig Aftermarket Wellbore Technologies and Completion & Production Solutions. Its Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore. Its Rig Aftermarket segment provides aftermarket products and services to support land and offshore rigs and drilling rig components manufactured by the Company’s Rig Systems segment. Its Wellbore Technologies segment sells and rents solids control equipment; and provides solids control waste management and drilling fluids services. Its Completion & Production Solutions segment provides technologies for well completions and oil and gas production.