National-Oilwell Varco (NOV) : D.c. Capital Advisors Ltd added new position in National-Oilwell Varco during the most recent quarter end. The investment management firm now holds 100,000 shares of National-Oilwell Varco which is valued at $3,381,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.National-Oilwell Varco makes up approximately 1.91% of D.c. Capital Advisors Ltd’s portfolio.
Other Hedge Funds, Including , Lba Wealth Management boosted its stake in NOV in the latest quarter, The investment management firm added 2,425 additional shares and now holds a total of 13,801 shares of National-Oilwell Varco which is valued at $466,612. National-Oilwell Varco makes up approx 0.25% of Lba Wealth Management’s portfolio.Asset Management Advisors reduced its stake in NOV by selling 18,375 shares or 16.51% in the most recent quarter. The Hedge Fund company now holds 92,930 shares of NOV which is valued at $3,141,963. National-Oilwell Varco makes up approx 2.91% of Asset Management Advisors’s portfolio. Engineers Gate Manager Lp sold out all of its stake in NOV during the most recent quarter. The investment firm sold 124,012 shares of NOV which is valued $4,192,846.Blackrock Advisors boosted its stake in NOV in the latest quarter, The investment management firm added 5,374 additional shares and now holds a total of 414,999 shares of National-Oilwell Varco which is valued at $14,031,116. National-Oilwell Varco makes up approx 0.01% of Blackrock Advisors’s portfolio.Hartford Investment Management Co reduced its stake in NOV by selling 431 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 91,102 shares of NOV which is valued at $2,938,040. National-Oilwell Varco makes up approx 0.06% of Hartford Investment Management Co’s portfolio.
National-Oilwell Varco closed down -0.09 points or -0.26% at $34.45 with 17,95,453 shares getting traded on Monday. Post opening the session at $34.44, the shares hit an intraday low of $34.37 and an intraday high of $34.68 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 $-0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.33. The company had revenue of $1724.00 million for the quarter, compared to analysts expectations of $1795.21 million. The company’s revenue was down -55.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on National-Oilwell Varco. National-Oilwell Varco was Upgraded by Johnson Rice to ” Accumulate” on Jul 29, 2016. Company shares were Reiterated by Scotia Howard Weil on Jun 15, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 37 from a previous price target of $32 .
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.