Point View Wealth Management Inc. trimmed its holdings in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,328 shares of the oil and gas exploration company’s stock after selling 906 shares during the period. Point View Wealth Management Inc.’s holdings in National-Oilwell Varco were worth $214,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Enlightenment Research LLC acquired a new stake in shares of National-Oilwell Varco during the fourth quarter worth $28,000. Oregon Public Employees Retirement Fund raised its holdings in shares of National-Oilwell Varco by 2,438.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,065,034 shares of the oil and gas exploration company’s stock worth $41,000 after purchasing an additional 1,023,079 shares during the period. IMS Capital Management acquired a new stake in shares of National-Oilwell Varco during the third quarter worth $44,000. Quantamental Technologies LLC acquired a new stake in shares of National-Oilwell Varco during the fourth quarter worth $95,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in shares of National-Oilwell Varco by 95.0% during the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,900 shares of the oil and gas exploration company’s stock worth $100,000 after purchasing an additional 1,900 shares during the period. 92.16% of the stock is currently owned by institutional investors.

NYSE:NOV opened at $29.49 on Tuesday. National-Oilwell Varco, Inc. has a twelve month low of $24.27 and a twelve month high of $49.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.11 and a quick ratio of 1.83. The stock has a market cap of $11.43 billion, a PE ratio of -368.63, a price-to-earnings-growth ratio of 28.10 and a beta of 1.25.

National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Wednesday, February 6th. The oil and gas exploration company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). National-Oilwell Varco had a negative net margin of 0.37% and a negative return on equity of 0.22%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the business posted ($0.04) EPS. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts expect that National-Oilwell Varco, Inc. will post 0.17 earnings per share for the current year.

National-Oilwell Varco declared that its board has authorized a stock buyback plan on Tuesday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the oil and gas exploration company to buy up to 3.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

A number of brokerages have weighed in on NOV. Evercore ISI raised shares of National-Oilwell Varco from an “in-line” rating to an “outperform” rating and set a $54.00 target price on the stock in a report on Monday, October 29th. Credit Suisse Group dropped their target price on shares of National-Oilwell Varco from $43.00 to $38.00 and set a “hold” rating on the stock in a report on Monday, October 29th. Seaport Global Securities reissued a “sell” rating and set a $24.00 target price on shares of National-Oilwell Varco in a report on Monday, February 11th. Argus set a $46.00 target price on shares of National-Oilwell Varco and gave the stock a “buy” rating in a report on Monday, October 29th. Finally, Piper Jaffray Companies set a $32.00 target price on shares of National-Oilwell Varco and gave the stock a “buy” rating in a report on Wednesday, December 26th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $39.09.

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National-Oilwell Varco Company Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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

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