Fiduciary Trust Co. reduced its stake in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,832 shares of the oil and gas exploration company’s stock after selling 1,294 shares during the quarter. Fiduciary Trust Co.’s holdings in National-Oilwell Varco were worth $1,642,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Independent Order of Foresters grew its position in shares of National-Oilwell Varco by 19.7% during the 2nd quarter. Independent Order of Foresters now owns 7,281 shares of the oil and gas exploration company’s stock worth $316,000 after buying an additional 1,200 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in shares of National-Oilwell Varco by 5.9% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 26,389 shares of the oil and gas exploration company’s stock worth $971,000 after buying an additional 1,463 shares during the period. S&CO Inc. grew its position in shares of National-Oilwell Varco by 3.6% during the 1st quarter. S&CO Inc. now owns 43,973 shares of the oil and gas exploration company’s stock worth $1,619,000 after buying an additional 1,524 shares during the period. Whittier Trust Co. grew its position in shares of National-Oilwell Varco by 180.6% during the 2nd quarter. Whittier Trust Co. now owns 2,455 shares of the oil and gas exploration company’s stock worth $202,000 after buying an additional 1,580 shares during the period. Finally, Iowa State Bank grew its position in shares of National-Oilwell Varco by 9.4% during the 1st quarter. Iowa State Bank now owns 18,546 shares of the oil and gas exploration company’s stock worth $683,000 after buying an additional 1,589 shares during the period. Institutional investors own 94.66% of the company’s stock.

Several research firms have recently issued reports on NOV. SunTrust Banks set a $31.00 target price on National-Oilwell Varco and gave the stock a “hold” rating in a research report on Monday, April 16th. Credit Suisse Group set a $43.00 target price on National-Oilwell Varco and gave the stock a “hold” rating in a research report on Monday, July 30th. Piper Jaffray Companies restated a “buy” rating and set a $53.00 target price on shares of National-Oilwell Varco in a research report on Monday. Seaport Global Securities restated a “sell” rating and set a $37.00 target price on shares of National-Oilwell Varco in a research report on Tuesday, July 31st. Finally, Societe Generale lowered National-Oilwell Varco from a “buy” rating to a “hold” rating and boosted their target price for the stock from $38.32 to $41.00 in a research report on Thursday, April 19th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.13.

Shares of National-Oilwell Varco opened at $45.65 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.19 and a quick ratio of 1.75. National-Oilwell Varco, Inc. has a 52-week low of $29.90 and a 52-week high of $49.08. The company has a market capitalization of $17.79 billion, a P/E ratio of -108.69, a price-to-earnings-growth ratio of 47.10 and a beta of 0.87.

National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings data on Thursday, July 26th. The oil and gas exploration company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. National-Oilwell Varco had a negative return on equity of 0.60% and a negative net margin of 1.09%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the firm earned ($0.14) EPS. National-Oilwell Varco’s quarterly revenue was up 19.7% compared to the same quarter last year. equities analysts forecast that National-Oilwell Varco, Inc. will post 0.17 EPS for the current year.

In other National-Oilwell Varco news, Chairman Clay C. Williams sold 465,116 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $47.91, for a total value of $22,283,707.56. Following the sale, the chairman now owns 811,642 shares in the company, valued at approximately $38,885,768.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Craig L. Weinstock sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $44.03, for a total value of $220,150.00. Following the completion of the sale, the vice president now owns 46,372 shares in the company, valued at approximately $2,041,759.16. The disclosure for this sale can be found here. Insiders sold a total of 615,720 shares of company stock valued at $28,810,004 over the last quarter. 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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