National-Oilwell Varco (NOV) : Arosa Capital Management Lp added new position in National-Oilwell Varco during the most recent quarter end. The investment management firm now holds 1,509,174 shares of National-Oilwell Varco which is valued at $52,670,173 , the company said in a statement filed on Nov 14, 2016 with the SEC.National-Oilwell Varco makes up approximately 9.86% of Arosa Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Johnson Financial Group reduced its stake in NOV by selling 725 shares or 4.19% in the most recent quarter. The Hedge Fund company now holds 16,591 shares of NOV which is valued at $579,026. National-Oilwell Varco makes up approx 0.08% of Johnson Financial Group’s portfolio.Comerica Securities Inc reduced its stake in NOV by selling 3,832 shares or 40.31% in the most recent quarter. The Hedge Fund company now holds 5,675 shares of NOV which is valued at $182,962. National-Oilwell Varco makes up approx 0.12% of Comerica Securities Inc’s portfolio.Ifp Advisors Inc reduced its stake in NOV by selling 315 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 8,942 shares of NOV which is valued at $285,071. National-Oilwell Varco makes up approx 0.02% of Ifp Advisors Inc’s portfolio.Flossbach Von Storch Ag reduced its stake in NOV by selling 33,800 shares or 7.95% in the most recent quarter. The Hedge Fund company now holds 391,300 shares of NOV which is valued at $12,560,730. National-Oilwell Varco makes up approx 0.22% of Flossbach Von Storch Ag’s portfolio.Nelson Roberts Investment Advisors reduced its stake in NOV by selling 200 shares or 13.33% in the most recent quarter. The Hedge Fund company now holds 1,300 shares of NOV which is valued at $42,809. National-Oilwell Varco makes up approx 0.02% of Nelson Roberts Investment Advisors’s portfolio.
National-Oilwell Varco closed down -0.1 points or -0.28% at $35.21 with 24,54,466 shares getting traded on Monday. Post opening the session at $35.23, the shares hit an intraday low of $34.84 and an intraday high of $35.515 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, National-Oilwell Varco reported $-0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $-0.28. The company had revenue of $1646.00 million for the quarter, compared to analysts expectations of $1681.64 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.
Investors should note that on Nov 17, 2016, National-Oilwell Varco announced a cash dividend of $0.0500. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 16, 2016.
Many Wall Street Analysts have commented on National-Oilwell Varco. National-Oilwell Varco was Upgraded by Citigroup to ” Neutral” on Nov 7, 2016. National-Oilwell Varco was Upgraded by Societe Generale to ” Hold” on Oct 31, 2016. National-Oilwell Varco was Downgraded by Citigroup to ” Sell” on Oct 3, 2016.
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 also provides oilfield services to the upstream oil and gas industry. The Company operates through four segments: Rig Systems Rig Aftermarket Wellbore Technologies and Completion & Production Solutions. Its Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore. Its Rig Aftermarket segment provides aftermarket products and services to support land and offshore rigs and drilling rig components manufactured by the Company’s Rig Systems segment. Its Wellbore Technologies segment sells and rents solids control equipment; and provides solids control waste management and drilling fluids services. Its Completion & Production Solutions segment provides technologies for well completions and oil and gas production.