A number of other equities research analysts have also weighed in on the stock. Jefferies Group LLC set a $38.00 price objective on shares of National-Oilwell Varco and gave the company a “hold” rating in a report on Thursday, April 27th. Zacks Investment Research lowered shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. BMO Capital Markets set a $30.00 price objective on shares of National-Oilwell Varco and gave the company a “sell” rating in a report on Wednesday, April 12th. Vetr upgraded shares of National-Oilwell Varco from a “buy” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a report on Monday, April 10th. Finally, R. F. Lafferty began coverage on shares of National-Oilwell Varco in a report on Thursday, April 6th. They set a “hold” rating and a $39.00 price objective for the company. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.74.
National-Oilwell Varco, Inc. (NYSE:NOV) – Equities researchers at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for shares of National-Oilwell Varco in a report issued on Monday. Seaport Global Securities analyst M. Brown expects that the oil and gas exploration company will earn $0.24 per share for the quarter. Seaport Global Securities also issued estimates for National-Oilwell Varco’s FY2019 earnings at $1.39 EPS.
Shares of National-Oilwell Varco (NYSE:NOV) traded down 1.511% during trading on Tuesday, hitting $33.565. 1,903,741 shares of the company traded hands. The company’s market capitalization is $12.76 billion. The company has a 50 day moving average price of $36.42 and a 200 day moving average price of $37.50. National-Oilwell Varco has a 52 week low of $29.79 and a 52 week high of $43.63. In other National-Oilwell Varco news, insider Joseph W. Rovig sold 49,825 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $41.48, for a total transaction of $2,066,741.00. Following the sale, the insider now owns 91 shares of the company’s stock, valued at approximately $3,774.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Scott K. Duff sold 4,785 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $40.79, for a total transaction of $195,180.15. Following the sale, the vice president now directly owns 25,121 shares in the company, valued at approximately $1,024,685.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,979 shares of company stock worth $3,751,823. 0.17% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Dodge & Cox bought a new stake in National-Oilwell Varco during the fourth quarter valued at $1,171,647,000. BlackRock Inc. boosted its stake in shares of National-Oilwell Varco by 3,189.2% in the first quarter. BlackRock Inc. now owns 24,841,300 shares of the oil and gas exploration company’s stock valued at $995,890,000 after buying an additional 24,086,060 shares during the last quarter. Norges Bank acquired a new stake in shares of National-Oilwell Varco during the fourth quarter valued at approximately $132,512,000. Parnassus Investments CA boosted its stake in shares of 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 valued at $516,645,000 after buying an additional 2,366,764 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of National-Oilwell Varco by 35.3% in the first quarter. FMR LLC now owns 9,054,139 shares of the oil and gas exploration company’s stock valued at $362,980,000 after buying an additional 2,363,202 shares during the last quarter. 94.98% of the stock is currently owned by institutional investors. National-Oilwell Varco Company 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.