BTIM Corp. raised its holdings in National-Oilwell Varco, Inc. (NYSE:NOV) by 10.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,717 shares of the oil and gas exploration company’s stock after buying an additional 10,255 shares during the quarter. BTIM Corp.’s holdings in National-Oilwell Varco were worth $3,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Reinhart Partners Inc. grew its holdings in shares of National-Oilwell Varco by 9.1% during the 1st quarter. Reinhart Partners Inc. now owns 314,332 shares of the oil and gas exploration company’s stock worth $8,374,000 after purchasing an additional 26,311 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of National-Oilwell Varco by 29.5% during the 4th quarter. State of Alaska Department of Revenue now owns 138,601 shares of the oil and gas exploration company’s stock worth $3,559,000 after purchasing an additional 31,567 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of National-Oilwell Varco by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 2,012,309 shares of the oil and gas exploration company’s stock worth $86,712,000 after purchasing an additional 39,430 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of National-Oilwell Varco by 51.4% during the 4th quarter. Virtu Financial LLC now owns 12,213 shares of the oil and gas exploration company’s stock worth $314,000 after purchasing an additional 4,147 shares in the last quarter. Finally, Gryphon Financial Partners LLC acquired a new stake in shares of National-Oilwell Varco during the 4th quarter worth approximately $317,000. 93.47% of the stock is currently owned by hedge funds and other institutional investors.

National-Oilwell Varco stock opened at $26.97 on Friday. The company has a quick ratio of 1.83, a current ratio of 3.11 and a debt-to-equity ratio of 0.19. The company has a market cap of $10.41 billion, a P/E ratio of -337.13, a P/E/G ratio of 27.20 and a beta of 1.22. National-Oilwell Varco, Inc. has a one year low of $24.27 and a one year high of $49.08.

National-Oilwell Varco (NYSE:NOV) last posted its earnings results on Wednesday, February 6th. The oil and gas exploration company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. National-Oilwell Varco had a negative return on equity of 0.22% and a negative net margin of 0.37%. National-Oilwell Varco’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) EPS. On average, equities research analysts forecast that National-Oilwell Varco, Inc. will post 0.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. National-Oilwell Varco’s dividend payout ratio (DPR) is presently -250.00%.

In other National-Oilwell Varco news, VP Scott K. Duff sold 15,125 shares of National-Oilwell Varco stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $28.02, for a total value of $423,802.50. Following the completion of the transaction, the vice president now owns 54,098 shares in the company, valued at approximately $1,515,825.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.79% of the stock is owned by company insiders.

NOV has been the topic of several recent research reports. Piper Jaffray Companies set a $32.00 price objective on National-Oilwell Varco and gave the stock a “buy” rating in a report on Wednesday, December 26th. Citigroup decreased their price objective on National-Oilwell Varco from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, January 4th. Stephens initiated coverage on National-Oilwell Varco in a report on Wednesday, January 9th. They set an “overweight” rating and a $35.00 price objective on the stock. Barclays reissued a “hold” rating and set a $35.00 price objective on shares of National-Oilwell Varco in a report on Friday, January 18th. Finally, Raymond James set a $40.00 price objective on National-Oilwell Varco and gave the stock a “buy” rating in a report on Friday, February 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.00.

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About National-Oilwell Varco

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

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

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