The National-Oilwell Varco, Inc. (NOV) Shares Sold by Trust Co. of Vermont

The National-Oilwell Varco, Inc. (NOV) Shares Sold by Trust Co. of Vermont

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dodge & Cox bought a new stake in National-Oilwell Varco during the fourth quarter worth about $1,171,647,000. State Street Corp increased its stake in National-Oilwell Varco by 4.9% in the fourth quarter. State Street Corp now owns 22,236,890 shares of the oil and gas exploration company’s stock worth $832,548,000 after buying an additional 1,044,224 shares in the last quarter. Parnassus Investments CA increased its stake in National-Oilwell Varco by 20.2% in the third quarter. Parnassus Investments CA now owns 14,062,198 shares of the oil and gas exploration company’s stock worth $516,645,000 after buying an additional 2,366,764 shares in the last quarter. American Century Companies Inc. increased its stake in National-Oilwell Varco by 22.1% in the first quarter. American Century Companies Inc. now owns 4,433,199 shares of the oil and gas exploration company’s stock worth $177,727,000 after buying an additional 803,833 shares in the last quarter. Finally, Prudential PLC increased its stake in National-Oilwell Varco by 8.0% in the fourth quarter. Prudential PLC now owns 4,020,501 shares of the oil and gas exploration company’s stock worth $150,528,000 after buying an additional 296,915 shares in the last quarter. 94.98% of the stock is owned by hedge funds and other institutional investors.

Trust Co. of Vermont cut its stake in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 21.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,294 shares of the oil and gas exploration company’s stock after selling 10,180 shares during the period. Trust Co. of Vermont’s holdings in National-Oilwell Varco were worth $1,535,000 at the end of the most recent quarter.

National-Oilwell Varco, Inc. (NYSE NOV) opened at 32.89 on Monday. National-Oilwell Varco, Inc. has a 12 month low of $29.79 and a 12 month high of $43.63. The company’s market cap is $12.50 billion. The company’s 50-day moving average is $34.34 and its 200-day moving average is $37.55.

National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.67 billion. National-Oilwell Varco had a negative net margin of 33.26% and a negative return on equity of 2.08%. The firm’s revenue was down 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. On average, equities research analysts expect that National-Oilwell Varco, Inc. will post ($0.40) EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Wednesday, June 14th. National-Oilwell Varco’s payout ratio is currently -3.12%.

National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.67 billion. National-Oilwell Varco had a negative net margin of 33.26% and a negative return on equity of 2.08%. The firm’s revenue was down 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. On average, equities research analysts expect that National-Oilwell Varco, Inc. will post ($0.40) EPS for the current fiscal year. NOV has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $36.00 target price on shares of National-Oilwell Varco in a research report on Wednesday, February 8th. Vetr cut shares of National-Oilwell Varco from a “buy” rating to a “hold” rating and set a $41.60 target price on the stock. in a research report on Tuesday, February 14th. Credit Suisse Group AG upgraded shares of National-Oilwell Varco from an “underperform” rating to a “neutral” rating and set a $40.00 target price on the stock in a research report on Wednesday, February 8th. Zacks Investment Research cut shares of National-Oilwell Varco from a “buy” rating to a “hold” rating in a research report on Monday, February 20th. Finally, Scotiabank reiterated a “hold” rating and issued a $37.00 target price on shares of National-Oilwell Varco in a research report on Wednesday, February 8th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. National-Oilwell Varco has a consensus rating of “Hold” and a consensus price target of $38.74.

About National-Oilwell Varco 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NOV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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