Knowledge Leaders Capital LLC raised its position in National Oilwell Varco, Inc. (NYSE:NOV) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,154 shares of the oil and gas exploration company’s stock after buying an additional 1,639 shares during the period. National Oilwell Varco comprises about 3.8% of Knowledge Leaders Capital LLC’s holdings, making the stock its 8th largest position. Knowledge Leaders Capital LLC’s holdings in National Oilwell Varco were worth $5,967,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. FNY Partners Fund LP acquired a new position in National Oilwell Varco during the first quarter worth approximately $120,000. Exane Derivatives raised its position in National Oilwell Varco by 113.8% in the second quarter. Exane Derivatives now owns 3,985 shares of the oil and gas exploration company’s stock worth $131,000 after buying an additional 2,121 shares during the last quarter. WMS Partners LLC acquired a new position in National Oilwell Varco during the first quarter worth approximately $200,000. Tiedemann Wealth Management LLC acquired a new position in National Oilwell Varco during the first quarter worth approximately $203,000. Finally, United Capital Financial Advisers LLC acquired a new position in National Oilwell Varco during the first quarter worth approximately $206,000. Institutional investors and hedge funds own 91.63% of the company’s stock.

National Oilwell Varco, Inc. (NOV) opened at 30.38 on Monday. The firm’s market capitalization is $11.55 billion. National Oilwell Varco, Inc. has a one year low of $29.90 and a one year high of $43.63. The stock has a 50 day moving average price of $32.47 and a 200 day moving average price of $35.46.

National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.14). The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.78 billion. National Oilwell Varco had a negative net margin of 33.24% and a negative return on equity of 2.12%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) earnings per share. On average, equities analysts predict that National Oilwell Varco, Inc. will post ($0.39) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. National Oilwell Varco’s dividend payout ratio (DPR) is -3.31%.

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A number of research firms have recently commented on NOV. R. F. Lafferty reiterated a “hold” rating and issued a $33.00 price objective (down from $38.00) on shares of National Oilwell Varco in a research note on Tuesday, August 1st. BidaskClub lowered National Oilwell Varco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. ValuEngine lowered National Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Thursday. Seaport Global Securities restated a “sell” rating on shares of National Oilwell Varco in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded National Oilwell Varco from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. National Oilwell Varco presently has a consensus rating of “Hold” and a consensus target price of $39.09.

About National Oilwell Varco

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.

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

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