Large Outflow of Money Witnessed in National Oilwell Varco

National Oilwell Varco (NYSE:NOV) traded higher in the last at $35.06, gaining 0.03 points or 0.09%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-3.21) million. The composite uptick value of $6.12 million was eclipsed by the accrued downtick value of $9.34 million, thereby ensuring the up/down ratio of 0.66. For the week, the shares have posted returns of 9.26%.A block trade registered during the day has revealed $0 million in upticks and $2.5 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-2.5) million.


Currently the company Insiders own 0.17% of National Oilwell Varco shares according to the proxy statements. Institutional Investors own 96.44% of National Oilwell Varco shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Harrison David D, director of National Oilwell Varco Inc, had unloaded 16,352 shares at an average price of $38.79 in a transaction dated on November 9, 2015. The total value of the transaction was worth $634,294.

National Oilwell Varco (NYSE:NOV) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.44 points or 1.26% at $34.59 with 3,383,765 shares getting traded. Post opening the session at $34.32, the shares hit an intraday low of $34.24 and an intraday high of $35.18 and the price was in this range throughout the day. The company has a market cap of $13,043 million and the number of outstanding shares have been calculated to be 377,060,950 shares. The 52-week high of National Oilwell Varco (NYSE:NOV) is $49.84 and the 52-week low is $25.74.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Societe Generale downgrades its ratings on National Oilwell Varco (NYSE:NOV). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 4, 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 Companys 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.

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