Trade Report: Today, Aperio Group LLC Reached $7,414,000 position of National Oilwell Varco (NOV)

Today, Aperio Group LLC Reached $7,414,000 position  of National Oilwell Varco (NOV)

Aperio Group LLC boosted its position in shares of National Oilwell Varco (NYSE:NOV) by 11.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,808 shares of the oil and gas exploration company’s stock after buying an additional 21,324 shares during the period. Aperio Group LLC owned about 0.05% of National Oilwell Varco worth $7,414,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in National Oilwell Varco by 13.6% in the second quarter. Quadrant Capital Group LLC now owns 3,126 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 375 shares during the period. TCI Wealth Advisors Inc. raised its position in National Oilwell Varco by 1,441.6% in the third quarter. TCI Wealth Advisors Inc. now owns 2,744 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 2,566 shares during the period. WFG Advisors LP raised its position in National Oilwell Varco by 16.1% in the second quarter. WFG Advisors LP now owns 3,790 shares of the oil and gas exploration company’s stock worth $128,000 after buying an additional 526 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in National Oilwell Varco by 27.5% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 5,100 shares of the oil and gas exploration company’s stock worth $172,000 after buying an additional 1,100 shares during the period. Finally, Evercore Wealth Management LLC raised its position in National Oilwell Varco by 43.7% in the second quarter. Evercore Wealth Management LLC now owns 5,323 shares of the oil and gas exploration company’s stock worth $179,000 after buying an additional 1,618 shares during the period. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Shares of National Oilwell Varco (NYSE:NOV) traded down 1.13% during trading on Friday, hitting $35.94. 1,356,692 shares of the company’s stock were exchanged. The stock’s market cap is $13.57 billion. The firm has a 50-day moving average price of $35.01 and a 200-day moving average price of $33.97. National Oilwell Varco has a one year low of $25.74 and a one year high of $38.55.

National Oilwell Varco (NYSE:NOV) last released its quarterly earnings results on Thursday, October 27th. The oil and gas exploration company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by $0.06. National Oilwell Varco had a negative return on equity of 0.71% and a negative net margin of 38.90%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. National Oilwell Varco’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts expect that National Oilwell Varco will post ($1.00) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.20 annualized dividend and a yield of 0.56%. National Oilwell Varco’s dividend payout ratio (DPR) is -2.33%.

A number of research firms have recently commented on NOV. Johnson Rice upgraded shares of National Oilwell Varco from a “hold” rating to an “accumulate” rating in a research report on Friday, July 29th. Jefferies Group restated a “hold” rating on shares of National Oilwell Varco in a research report on Wednesday, November 16th. Citigroup Inc. boosted their price target on shares of National Oilwell Varco from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, September 12th. Societe Generale upgraded shares of National Oilwell Varco from a “sell” rating to a “hold” rating and boosted their price target for the company from $32.10 to $35.00 in a research report on Monday, October 31st. Finally, Nomura set a $29.00 price target on shares of National Oilwell Varco and gave the company a “hold” rating in a research report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.67.

National Oilwell Varco Company Profile

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