Court Place Advisors LLC held its position in shares of National Oilwell Varco, Inc. (NYSE:NOV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,930 shares of the oil and gas exploration company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in National Oilwell Varco were worth $393,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moody Lynn & Lieberson LLC raised its position in National Oilwell Varco by 0.4% in the first quarter. Moody Lynn & Lieberson LLC now owns 6,684 shares of the oil and gas exploration company’s stock valued at $268,000 after buying an additional 29 shares during the last quarter. Cleararc Capital Inc. increased its position in shares of National Oilwell Varco by 0.7% in the first quarter. Cleararc Capital Inc. now owns 9,243 shares of the oil and gas exploration company’s stock worth $371,000 after buying an additional 65 shares in the last quarter. First Manhattan Co. increased its position in shares of National Oilwell Varco by 0.3% in the first quarter. First Manhattan Co. now owns 32,934 shares of the oil and gas exploration company’s stock worth $1,210,000 after buying an additional 98 shares in the last quarter. Sandy Spring Bank increased its position in shares of National Oilwell Varco by 0.4% in the first quarter. Sandy Spring Bank now owns 32,934 shares of the oil and gas exploration company’s stock worth $1,320,000 after buying an additional 115 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of National Oilwell Varco by 0.3% in the first quarter. ProShare Advisors LLC now owns 63,670 shares of the oil and gas exploration company’s stock worth $2,553,000 after buying an additional 197 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

National Oilwell Varco, Inc. (NOV) opened at 30.81 on Thursday. The company’s market cap is $11.71 billion. National Oilwell Varco, Inc. has a 52 week low of $30.29 and a 52 week high of $43.63. The company’s 50-day moving average price is $32.79 and its 200 day moving average price is $35.87.

National Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14). The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.78 billion. National Oilwell Varco had a negative return on equity of 2.12% and a negative net margin of 33.24%. National Oilwell Varco’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.30) earnings per share. On average, analysts anticipate that National Oilwell Varco, Inc. will post ($0.40) EPS for the current year.

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A number of analysts have weighed in on NOV shares. BMO Capital Markets set a $30.00 price objective on shares of National Oilwell Varco and gave the stock a “sell” rating in a report on Wednesday, April 12th. Zacks Investment Research cut shares of National Oilwell Varco from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Jefferies Group LLC set a $38.00 price objective on shares of National Oilwell Varco and gave the company a “hold” rating in a research report on Thursday, April 27th. BidaskClub upgraded shares of National Oilwell Varco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Piper Jaffray Companies set a $37.00 price objective on shares of National Oilwell Varco and gave the company a “buy” rating in a research report on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $38.59.

National Oilwell Varco Company Profile

National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.

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

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