Nomura Holdings Inc. increased its position in National Oilwell Varco, Inc. (NYSE:NOV) by 213.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,446 shares of the oil and gas exploration company’s stock after purchasing an additional 21,399 shares during the period. Nomura Holdings Inc.’s holdings in National Oilwell Varco were worth $1,037,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NOV. JPMorgan Chase & Co. boosted its stake in National Oilwell Varco by 54.5% in the 1st quarter. JPMorgan Chase & Co. now owns 334,550 shares of the oil and gas exploration company’s stock worth $13,413,000 after purchasing an additional 118,002 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in National Oilwell Varco by 24.0% in the 1st quarter. Neuberger Berman Group LLC now owns 43,259 shares of the oil and gas exploration company’s stock worth $1,734,000 after purchasing an additional 8,370 shares in the last quarter. Wellington Management Group LLP boosted its stake in National Oilwell Varco by 15.7% in the 1st quarter. Wellington Management Group LLP now owns 50,171 shares of the oil and gas exploration company’s stock worth $2,011,000 after purchasing an additional 6,812 shares in the last quarter. Teachers Advisors LLC boosted its stake in National Oilwell Varco by 2.7% in the 1st quarter. Teachers Advisors LLC now owns 776,665 shares of the oil and gas exploration company’s stock worth $31,136,000 after purchasing an additional 20,678 shares in the last quarter. Finally, Cleararc Capital Inc. boosted its stake in National Oilwell Varco by 0.7% in the 1st quarter. Cleararc Capital Inc. now owns 9,243 shares of the oil and gas exploration company’s stock worth $371,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

A number of equities analysts recently issued reports on the stock. FBR & Co reiterated a “buy” rating on shares of National Oilwell Varco in a research note on Monday. ValuEngine cut shares of National Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Deutsche Bank AG began coverage on shares of National Oilwell Varco in a research note on Tuesday, October 10th. They set a “hold” rating and a $39.00 target price on the stock. Zacks Investment Research upgraded shares of National Oilwell Varco from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Monday, October 9th. Finally, Royal Bank Of Canada set a $37.00 target price on shares of National Oilwell Varco and gave the company a “hold” rating in a research note on Sunday, October 8th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.61.

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National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.14). National Oilwell Varco had a negative return on equity of 2.12% and a negative net margin of 33.24%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the company posted ($0.30) earnings per share. National Oilwell Varco’s revenue for the quarter was up 2.0% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Thursday, September 14th. National Oilwell Varco’s payout ratio is presently -3.31%.

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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