Prudential Financial Inc. cut its holdings in National Oilwell Varco, Inc. (NYSE:NOV) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,379 shares of the oil and gas exploration company’s stock after selling 89,760 shares during the period. Prudential Financial Inc. owned about 0.15% of National Oilwell Varco worth $20,486,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NOV. IHT Wealth Management LLC raised its stake in National Oilwell Varco by 1,923.1% in the second quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock valued at $112,000 after buying an additional 500 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in National Oilwell Varco in the second quarter valued at $194,000. Lakeview Capital Partners LLC raised its stake in National Oilwell Varco by 2.6% in the second quarter. Lakeview Capital Partners LLC now owns 6,194 shares of the oil and gas exploration company’s stock valued at $204,000 after buying an additional 155 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in National Oilwell Varco in the second quarter valued at $217,000. Finally, Thompson Siegel & Walmsley LLC raised its stake in National Oilwell Varco by 15,233.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 6,900 shares of the oil and gas exploration company’s stock valued at $227,000 after buying an additional 6,855 shares in the last quarter. Institutional investors own 90.16% of the company’s stock.

A number of analysts have recently commented on NOV shares. Wolfe Research cut National Oilwell Varco from a “market perform” rating to an “underperform” rating in a research report on Tuesday, October 31st. BidaskClub cut National Oilwell Varco from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. ValuEngine upgraded National Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Credit Suisse Group set a $35.00 target price on National Oilwell Varco and gave the stock a “hold” rating in a research report on Saturday, July 29th. Finally, FBR & Co reiterated a “buy” rating and set a $42.00 target price on shares of National Oilwell Varco in a research report on Thursday, August 31st. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.83.

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National Oilwell Varco, Inc. (NYSE NOV) opened at $32.02 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 2.75. National Oilwell Varco, Inc. has a 12-month low of $29.90 and a 12-month high of $43.63.

National Oilwell Varco (NYSE:NOV) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. National Oilwell Varco had a negative return on equity of 1.41% and a negative net margin of 13.33%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted ($0.34) EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. sell-side analysts anticipate that National Oilwell Varco, Inc. will post -0.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. National Oilwell Varco’s dividend payout ratio is currently -8.06%.

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.

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

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