Aperio Group LLC boosted its position in National-Oilwell Varco, Inc. (NYSE:NOV) by 4.4% in the fourth quarter, HoldingsChannel reports. The firm owned 213,381 shares of the oil and gas exploration company’s stock after buying an additional 8,934 shares during the quarter. Aperio Group LLC’s holdings in National-Oilwell Varco were worth $7,686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Eagle Investment Management LLC grew its stake in shares of National-Oilwell Varco by 2.1% in the third quarter. First Eagle Investment Management LLC now owns 27,068,594 shares of the oil and gas exploration company’s stock worth $967,161,000 after acquiring an additional 563,589 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of National-Oilwell Varco in the third quarter worth $226,421,000. American Century Companies Inc. grew its stake in shares of National-Oilwell Varco by 3.5% in the third quarter. American Century Companies Inc. now owns 6,134,711 shares of the oil and gas exploration company’s stock worth $219,193,000 after acquiring an additional 210,153 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of National-Oilwell Varco by 17.1% in the third quarter. Wells Fargo & Company MN now owns 5,248,794 shares of the oil and gas exploration company’s stock worth $187,541,000 after acquiring an additional 765,634 shares during the last quarter. Finally, Contrarius Investment Management Ltd grew its stake in shares of National-Oilwell Varco by 16.4% in the third quarter. Contrarius Investment Management Ltd now owns 3,103,081 shares of the oil and gas exploration company’s stock worth $110,873,000 after acquiring an additional 436,812 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Shares of National-Oilwell Varco, Inc. (NOV) opened at $33.09 on Monday. The company has a current ratio of 3.07, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19. National-Oilwell Varco, Inc. has a 12-month low of $29.90 and a 12-month high of $41.90. The company has a market capitalization of $12,580.00, a price-to-earnings ratio of -52.52, a P/E/G ratio of 18.38 and a beta of 0.89.

National-Oilwell Varco (NYSE:NOV) last released its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). National-Oilwell Varco had a negative return on equity of 1.10% and a negative net margin of 3.24%. The company had revenue of $1.97 billion for the quarter. During the same period last year, the business earned ($0.15) earnings per share. research analysts predict that National-Oilwell Varco, Inc. will post 0.26 EPS for the current fiscal year.

NOV has been the topic of a number of recent research reports. R. F. Lafferty cut their target price on 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. FBR & Co reissued a “buy” rating on shares of National-Oilwell Varco in a research note on Monday, October 16th. Scotiabank set a $37.00 target price on National-Oilwell Varco and gave the stock a “hold” rating in a research note on Friday, October 27th. Citigroup cut their target price on National-Oilwell Varco from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 31st. Finally, ValuEngine cut National-Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.50.

ILLEGAL ACTIVITY NOTICE: This news story was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://theolympiareport.com/2018/02/12/aperio-group-llc-boosts-holdings-in-national-oilwell-varco-inc-nov.html.

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.

Want to see what other hedge funds are holding NOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National-Oilwell Varco, Inc. (NYSE:NOV).

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

Receive News & Ratings for National-Oilwell Varco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National-Oilwell Varco and related companies with MarketBeat.com's FREE daily email newsletter.