National-Oilwell Varco (NOV) : Quantres Asset Management Ltd added new position in National-Oilwell Varco during the most recent quarter end. The investment management firm now holds 98,200 shares of National-Oilwell Varco which is valued at $2,874,314 , the company said in a statement filed on Apr 19, 2016 with the SEC.National-Oilwell Varco makes up approximately 2.68% of Quantres Asset Management Ltd’s portfolio.
National-Oilwell Varco opened for trading at $28.54 and hit $29.79 on the upside on Friday, eventually ending the session at $29.27, with a gain of 2.52% or 0.72 points. The heightened volatility saw the trading volume jump to 50,64,479 shares. Company has a market cap of $11,000 M.
Other Hedge Funds, Including , Carl Domino Inc reduced its stake in NOV by selling 5,875 shares or 14.95% in the most recent quarter. The Hedge Fund company now holds 33,430 shares of NOV which is valued at $978,496. National-Oilwell Varco makes up approx 0.88% of Carl Domino Inc’s portfolio. Breton Hill Capital Ltd. sold out all of its stake in NOV during the most recent quarter. The investment firm sold 10,458 shares of NOV which is valued $289,477.Exxonmobil Investment Management Inc Tx boosted its stake in NOV in the latest quarter, The investment management firm added 7,277 additional shares and now holds a total of 91,498 shares of National-Oilwell Varco which is valued at $2,532,665. National-Oilwell Varco makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.Chicago Trust Co Na boosted its stake in NOV in the latest quarter, The investment management firm added 5,669 additional shares and now holds a total of 42,297 shares of National-Oilwell Varco which is valued at $1,155,554. National-Oilwell Varco makes up approx 0.50% of Chicago Trust Co Na’s portfolio.Eqis Capital Management boosted its stake in NOV in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 7,236 shares of National-Oilwell Varco which is valued at $197,688. National-Oilwell Varco makes up approx 0.01% of Eqis Capital Management’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. 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 was Initiated by Nomura to “Neutral” on Apr 8, 2016.
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.