Janus Henderson Group PLC grew its holdings in National-Oilwell Varco, Inc. (NYSE:NOV) by 84.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,041,943 shares of the oil and gas exploration company’s stock after purchasing an additional 477,373 shares during the quarter. Janus Henderson Group PLC owned approximately 0.27% of National-Oilwell Varco worth $23,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NOV. Pzena Investment Management LLC raised its position in shares of National-Oilwell Varco by 31.3% in the 1st quarter. Pzena Investment Management LLC now owns 16,608,676 shares of the oil and gas exploration company’s stock valued at $442,455,000 after acquiring an additional 3,957,104 shares during the period. Clearbridge Investments LLC raised its position in shares of National-Oilwell Varco by 9.3% in the 1st quarter. Clearbridge Investments LLC now owns 11,227,988 shares of the oil and gas exploration company’s stock valued at $299,114,000 after acquiring an additional 958,131 shares during the period. Parnassus Investments CA raised its position in shares of National-Oilwell Varco by 0.7% in the 1st quarter. Parnassus Investments CA now owns 11,107,784 shares of the oil and gas exploration company’s stock valued at $295,911,000 after acquiring an additional 73,441 shares during the period. Ruffer LLP raised its position in shares of National-Oilwell Varco by 16.0% in the 1st quarter. Ruffer LLP now owns 7,019,547 shares of the oil and gas exploration company’s stock valued at $187,035,000 after acquiring an additional 970,362 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of National-Oilwell Varco by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 4,917,741 shares of the oil and gas exploration company’s stock valued at $126,161,000 after acquiring an additional 298,177 shares during the period. 94.99% of the stock is currently owned by institutional investors.

In other news, Director Eric L. Mattson sold 4,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $21.02, for a total transaction of $99,845.00. Following the completion of the transaction, the director now directly owns 64,503 shares of the company’s stock, valued at approximately $1,355,853.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph W. Rovig sold 22,640 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $18.37, for a total transaction of $415,896.80. Following the transaction, the insider now directly owns 73,867 shares of the company’s stock, valued at $1,356,936.79. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.

Shares of NOV opened at $18.88 on Wednesday. The stock has a market capitalization of $7.19 billion, a P/E ratio of -236.00 and a beta of 1.30. National-Oilwell Varco, Inc. has a twelve month low of $18.05 and a twelve month high of $47.46. The company has a 50 day moving average of $21.13 and a 200-day moving average of $24.52. The company has a quick ratio of 1.76, a current ratio of 3.05 and a debt-to-equity ratio of 0.29.

National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings results on Monday, July 29th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.08 billion. National-Oilwell Varco had a negative net margin of 63.23% and a negative return on equity of 0.64%. On average, sell-side analysts anticipate that National-Oilwell Varco, Inc. will post -0.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 1.06%. National-Oilwell Varco’s dividend payout ratio is currently -250.00%.

Several brokerages have commented on NOV. Zacks Investment Research downgraded shares of National-Oilwell Varco from a “hold” rating to a “strong sell” rating in a report on Monday, May 20th. ValuEngine upgraded shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Griffin Securities restated a “hold” rating on shares of National-Oilwell Varco in a report on Thursday, August 1st. TheStreet downgraded shares of National-Oilwell Varco from a “c-” rating to a “d+” rating in a report on Friday, May 31st. Finally, Societe Generale upgraded shares of National-Oilwell Varco from a “neutral” rating to a “positive” rating and set a $25.00 target price on the stock in a report on Monday, August 12th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.79.

About National-Oilwell Varco

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

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

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