National Oilwell Varco (NOV) Holdings Trimmed by Sentry Investment Management LLC

Sentry Investment Management LLC lessened its holdings in shares of National Oilwell Varco (NYSE:NOV) by 8.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,352 shares of the oil and gas exploration company’s stock after selling 2,635 shares during the quarter. Sentry Investment Management LLC’s holdings in National Oilwell Varco were worth $1,007,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV grew its stake in National Oilwell Varco by 233.3% during the 4th quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 100,000 shares of the oil and gas exploration company’s stock valued at $1,103,000 after purchasing an additional 70,000 shares in the last quarter. American International Group Inc. grew its stake in National Oilwell Varco by 7.3% during the 4th quarter. American International Group Inc. now owns 190,915 shares of the oil and gas exploration company’s stock valued at $6,877,000 after purchasing an additional 12,943 shares in the last quarter. Toronto Dominion Bank grew its stake in National Oilwell Varco by 13.2% during the 4th quarter. Toronto Dominion Bank now owns 164,639 shares of the oil and gas exploration company’s stock valued at $5,932,000 after purchasing an additional 19,164 shares in the last quarter. Mission Wealth Management LP acquired a new position in shares of National Oilwell Varco in the 4th quarter worth approximately $224,000. Finally, Marathon Asset Management LLP grew its position in shares of National Oilwell Varco by 1.6% in the 4th quarter. Marathon Asset Management LLP now owns 1,425,375 shares of the oil and gas exploration company’s stock worth $51,342,000 after acquiring an additional 23,126 shares in the last quarter. Hedge funds and other institutional investors own 93.32% of the company’s stock.

Shares of NYSE NOV opened at $38.60 on Tuesday. National Oilwell Varco has a 12-month low of $29.90 and a 12-month high of $41.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.89 and a current ratio of 3.37.

National Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Thursday, April 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.13). The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.81 billion. National Oilwell Varco had a negative return on equity of 1.15% and a negative net margin of 2.49%. equities analysts anticipate that National Oilwell Varco will post 0.13 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Susquehanna Bancshares set a $37.00 target price on National Oilwell Varco and gave the stock a “hold” rating in a research report on Friday, April 13th. Cowen set a $33.00 target price on National Oilwell Varco and gave the stock a “hold” rating in a research report on Thursday, January 11th. ValuEngine upgraded National Oilwell Varco from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Societe Generale lowered National Oilwell Varco from a “buy” rating to a “hold” rating and lifted their target price for the stock from $38.32 to $41.00 in a research report on Thursday, April 19th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $40.00 target price on shares of National Oilwell Varco in a research report on Friday, January 19th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.59.

In other National Oilwell Varco news, VP Scott K. Duff sold 7,421 shares of National Oilwell Varco stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $35.66, for a total transaction of $264,632.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.79% of the stock is owned by insiders.

National Oilwell Varco 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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