California Public Employees Retirement System raised its holdings in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 3.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,253,478 shares of the oil and gas exploration company’s stock after purchasing an additional 42,157 shares during the quarter. California Public Employees Retirement System’s holdings in National-Oilwell Varco were worth $45,150,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial For Lutherans grew its holdings in shares of National-Oilwell Varco by 3.0% during the second quarter. Thrivent Financial For Lutherans now owns 14,400 shares of the oil and gas exploration company’s stock worth $474,000 after buying an additional 420 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of National-Oilwell Varco by 2.4% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 62,957 shares of the oil and gas exploration company’s stock worth $2,249,000 after buying an additional 1,500 shares in the last quarter. Bank of Hawaii grew its holdings in shares of National-Oilwell Varco by 4.5% during the third quarter. Bank of Hawaii now owns 36,149 shares of the oil and gas exploration company’s stock worth $1,292,000 after buying an additional 1,555 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of National-Oilwell Varco by 14.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 12,580 shares of the oil and gas exploration company’s stock worth $449,000 after buying an additional 1,558 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of National-Oilwell Varco by 6.7% during the third quarter. Moors & Cabot Inc. now owns 27,646 shares of the oil and gas exploration company’s stock worth $991,000 after buying an additional 1,726 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

National-Oilwell Varco, Inc. (NOV) opened at $35.14 on Thursday. National-Oilwell Varco, Inc. has a 1 year low of $29.90 and a 1 year high of $41.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.79. The company has a market cap of $13,350.00, a PE ratio of -55.78, a price-to-earnings-growth ratio of 22.09 and a beta of 0.89.

National-Oilwell Varco (NYSE:NOV) last posted its earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting the Zacks’ 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 for the quarter. During the same period in the previous year, the company earned ($0.15) EPS. equities research analysts forecast that National-Oilwell Varco, Inc. will post 0.25 EPS for the current fiscal year.

A number of research firms have recently issued reports on NOV. B. Riley reaffirmed a “buy” rating on shares of National-Oilwell Varco in a report on Wednesday, November 1st. Seaport Global Securities reaffirmed a “sell” rating and set a $30.00 target price on shares of National-Oilwell Varco in a report on Monday. SunTrust Banks raised shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Barclays dropped their price objective on shares of National-Oilwell Varco from $38.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, October 30th. Finally, ValuEngine raised shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $38.13.

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National-Oilwell Varco 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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