Doyle Wealth Management lessened its position in National-Oilwell Varco, Inc. (NYSE:NOV) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 433,812 shares of the oil and gas exploration company’s stock after selling 21,464 shares during the quarter. National-Oilwell Varco comprises approximately 2.6% of Doyle Wealth Management’s investment portfolio, making the stock its 12th largest position. Doyle Wealth Management’s holdings in National-Oilwell Varco were worth $15,626,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in shares of National-Oilwell Varco in the 4th quarter worth about $141,000. Global Trust Asset Management LLC acquired a new stake in shares of National-Oilwell Varco in the 4th quarter worth about $160,000. Cadence Bank NA acquired a new stake in shares of National-Oilwell Varco in the 4th quarter worth about $201,000. IBM Retirement Fund acquired a new stake in shares of National-Oilwell Varco in the 3rd quarter worth about $200,000. Finally, Wrapmanager Inc. acquired a new stake in shares of National-Oilwell Varco in the 3rd quarter worth about $202,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

National-Oilwell Varco, Inc. (NYSE NOV) opened at $33.09 on Monday. National-Oilwell Varco, Inc. has a 12-month low of $29.90 and a 12-month high of $41.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.79 and a current ratio of 3.07. The firm has a market cap of $12,575.27, a PE ratio of -52.52, a PEG ratio of 21.05 and a beta of 0.89.

National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ 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 company had revenue of $1.97 billion during the quarter. During the same quarter last year, the business posted ($0.15) EPS. sell-side analysts expect that National-Oilwell Varco, Inc. will post 0.26 earnings per share for the current year.

NOV has been the subject of a number of recent analyst reports. B. Riley set a $42.00 target price on shares of National-Oilwell Varco and gave the company a “buy” rating in a research report on Thursday. Barclays set a $37.00 target price on shares of National-Oilwell Varco and gave the company an “equal weight” rating in a research report on Thursday. TheStreet upgraded shares of National-Oilwell Varco from a “d+” rating to a “c” rating in a research report on Tuesday, February 6th. Cowen increased their target price on shares of National-Oilwell Varco from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, ValuEngine lowered shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. National-Oilwell Varco presently has an average rating of “Hold” and an average price target of $38.50.

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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.

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

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