National Oilwell Varco, Inc. (NOV) Holding Grow by Rand Wealth LLC

National Oilwell Varco, Inc. (NOV) Holding Grow by Rand Wealth LLC

Rand Wealth LLC boosted its stake in shares of National Oilwell Varco, Inc. (NYSE:NOV) by 1.0% during the third quarter, Holdings Channel reports. The fund owned 66,465 shares of the oil and gas exploration company’s stock after buying an additional 650 shares during the period. Rand Wealth LLC’s holdings in National Oilwell Varco were worth $2,442,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its position in National Oilwell Varco by 6.5% in the third quarter. UBS Asset Management Americas Inc. now owns 1,478,421 shares of the oil and gas exploration company’s stock valued at $54,318,000 after buying an additional 89,624 shares during the last quarter. Daiwa Securities Group Inc. raised its position in National Oilwell Varco by 0.8% in the third quarter. Daiwa Securities Group Inc. now owns 72,433 shares of the oil and gas exploration company’s stock valued at $2,661,000 after buying an additional 600 shares during the last quarter. M&T Bank Corp raised its position in National Oilwell Varco by 6.5% in the third quarter. M&T Bank Corp now owns 46,341 shares of the oil and gas exploration company’s stock valued at $1,703,000 after buying an additional 2,810 shares during the last quarter. Delta Lloyd NV raised its position in National Oilwell Varco by 35.6% in the third quarter. Delta Lloyd NV now owns 44,017 shares of the oil and gas exploration company’s stock valued at $1,617,000 after buying an additional 11,566 shares during the last quarter. Finally, Point View Wealth Management Inc. raised its position in National Oilwell Varco by 1.8% in the third quarter. Point View Wealth Management Inc. now owns 10,782 shares of the oil and gas exploration company’s stock valued at $396,000 after buying an additional 186 shares during the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

Shares of National Oilwell Varco, Inc. (NYSE:NOV) opened at 37.81 on Wednesday. The company’s market cap is $14.28 billion. National Oilwell Varco, Inc. has a 12-month low of $25.74 and a 12-month high of $43.63. The company’s 50-day moving average is $38.50 and its 200-day moving average is $35.64.

Several equities analysts recently issued reports on the stock. Vetr upgraded shares of National Oilwell Varco from a “hold” rating to a “buy” rating and set a $39.33 target price on the stock in a report on Monday. Societe Generale raised shares of National Oilwell Varco from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Thursday, January 19th. SunTrust Banks, Inc. assumed coverage on shares of National Oilwell Varco in a research note on Wednesday, January 18th. They issued a “hold” rating and a $40.00 price target for the company. BMO Capital Markets set a $30.00 price target on shares of National Oilwell Varco and gave the company a “sell” rating in a research note on Thursday, January 12th. Finally, RBC Capital Markets reaffirmed a “hold” rating and issued a $47.00 price target on shares of National Oilwell Varco in a research note on Friday, January 6th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $34.89.

About National Oilwell Varco

National Oilwell Varco, Inc (NOV) is engaged in providing design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations. The Company operates through four segments: Rig Systems, which makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore; Rig Aftermarket, which provides aftermarket products and services to support land and offshore rigs, and drilling rig components manufactured by the Company’s Rig Systems segment; Wellbore Technologies, which sells and rents solids control equipment, and provides solids control, waste management and drilling fluids services, and Completion & Production Solutions, which provides technologies for well completions and oil and gas production.

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