Comerica Bank boosted its position in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,186 shares of the oil and gas exploration company’s stock after purchasing an additional 2,582 shares during the period. Comerica Bank’s holdings in National-Oilwell Varco were worth $4,908,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NOV. Dupont Capital Management Corp bought a new position in National-Oilwell Varco in the 4th quarter worth about $141,000. Tiedemann Wealth Management LLC grew its stake in National-Oilwell Varco by 77.8% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 11,668 shares of the oil and gas exploration company’s stock worth $194,000 after acquiring an additional 5,107 shares in the last quarter. IBM Retirement Fund bought a new position in National-Oilwell Varco in the 3rd quarter worth about $200,000. Wrapmanager Inc. bought a new position in National-Oilwell Varco in the 3rd quarter worth about $202,000. Finally, Eqis Capital Management Inc. bought a new position in National-Oilwell Varco in the 4th quarter worth about $213,000. Institutional investors own 91.70% of the company’s stock.

National-Oilwell Varco, Inc. (NYSE:NOV) opened at $33.66 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.79 and a current ratio of 3.07. National-Oilwell Varco, Inc. has a one year low of $29.90 and a one year high of $41.90.

National-Oilwell Varco (NYSE:NOV) last released its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The firm had revenue of $1.97 billion for the quarter. During the same quarter in the prior year, the business posted ($0.15) earnings per share. equities analysts forecast that National-Oilwell Varco, Inc. will post 0.25 earnings per share for the current year.

NOV has been the topic of a number of research analyst reports. Scotiabank set a $37.00 target price on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of National-Oilwell Varco from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Royal Bank of Canada set a $37.00 target price on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research note on Thursday, December 21st. ValuEngine downgraded shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, R. F. Lafferty dropped their target price on shares of National-Oilwell Varco from $33.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. National-Oilwell Varco presently has a consensus rating of “Hold” and an average price target of $38.13.

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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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