National-Oilwell Varco (NOV) : O’shaughnessy Asset Management scooped up 399,839 additional shares in National-Oilwell Varco during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 3,124,630 shares of National-Oilwell Varco which is valued at $105,643,740.National-Oilwell Varco makes up approximately 2.44% of O’shaughnessy Asset Management’s portfolio.
Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh reduced its stake in NOV by selling 582 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 61,413 shares of NOV which is valued at $2,076,374. National-Oilwell Varco makes up approx 0.04% of Fort Washington Investment Advisors Inc Oh’s portfolio.South Dakota Investment Council boosted its stake in NOV in the latest quarter, The investment management firm added 12,810 additional shares and now holds a total of 314,785 shares of National-Oilwell Varco which is valued at $10,642,881. National-Oilwell Varco makes up approx 0.22% of South Dakota Investment Council’s portfolio.Signaturefd reduced its stake in NOV by selling 100 shares or 6.37% in the most recent quarter. The Hedge Fund company now holds 1,470 shares of NOV which is valued at $47,555. National-Oilwell Varco makes up approx 0.01% of Signaturefd’s portfolio. Sumitomo Life Insurance Co sold out all of its stake in NOV during the most recent quarter. The investment firm sold 8,567 shares of NOV which is valued $285,110.
National-Oilwell Varco opened for trading at $35.3 and hit $35.73 on the upside on Tuesday, eventually ending the session at $35.39, with a gain of 0.60% or 0.21 points. The heightened volatility saw the trading volume jump to 20,29,105 shares. Company has a market cap of $13,364 M.
On the company’s financial health, National-Oilwell Varco reported $-0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.33. The company had revenue of $1724.00 million for the quarter, compared to analysts expectations of $1795.21 million. The company’s revenue was down -55.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on National-Oilwell Varco. National-Oilwell Varco was Upgraded by Johnson Rice to ” Accumulate” on Jul 29, 2016. Company shares were Reiterated by Scotia Howard Weil on Jun 15, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 37 from a previous price target of $32 .
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.