NumerixS Investment Technologies Inc Sells 2,012 Shares of National-Oilwell Varco, Inc. (NOV)

NumerixS Investment Technologies Inc decreased its holdings in National-Oilwell Varco, Inc. (NYSE:NOV) by 39.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,088 shares of the oil and gas exploration company’s stock after selling 2,012 shares during the period. NumerixS Investment Technologies Inc’s holdings in National-Oilwell Varco were worth $80,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Enlightenment Research LLC acquired a new stake in shares of National-Oilwell Varco during the 4th quarter worth approximately $28,000. Oregon Public Employees Retirement Fund increased its holdings in shares of National-Oilwell Varco by 2,438.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,065,034 shares of the oil and gas exploration company’s stock worth $41,000 after buying an additional 1,023,079 shares during the last quarter. IMS Capital Management acquired a new stake in shares of National-Oilwell Varco during the 3rd quarter worth approximately $44,000. Pearl River Capital LLC acquired a new stake in shares of National-Oilwell Varco during the 4th quarter worth approximately $82,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of National-Oilwell Varco during the 4th quarter worth approximately $95,000. Institutional investors own 92.93% of the company’s stock.

NYSE:NOV opened at $26.48 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.11 and a quick ratio of 1.83. The company has a market cap of $10.15 billion, a P/E ratio of -331.00, a P/E/G ratio of 24.85 and a beta of 1.23. National-Oilwell Varco, Inc. has a fifty-two week low of $24.27 and a fifty-two week high of $49.08.

National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings results on Wednesday, February 6th. The oil and gas exploration company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). National-Oilwell Varco had a negative net margin of 0.37% and a negative return on equity of 0.22%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the business earned ($0.04) EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities analysts forecast that National-Oilwell Varco, Inc. will post 0.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.05 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.20 annualized dividend and a yield of 0.76%. National-Oilwell Varco’s dividend payout ratio is presently -250.00%.

In other National-Oilwell Varco news, VP Scott K. Duff sold 15,125 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $28.02, for a total value of $423,802.50. Following the completion of the transaction, the vice president now owns 54,098 shares of the company’s stock, valued at approximately $1,515,825.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.79% of the company’s stock.

A number of analysts have recently issued reports on NOV shares. R. F. Lafferty set a $43.00 price target on shares of National-Oilwell Varco and gave the stock a “buy” rating in a report on Wednesday, November 28th. Cowen set a $39.00 price target on shares of National-Oilwell Varco and gave the stock a “hold” rating in a report on Monday, December 3rd. Wolfe Research downgraded shares of National-Oilwell Varco from a “market perform” rating to a “sell” rating in a report on Monday, December 10th. Raymond James restated a “buy” rating and set a $37.00 price target on shares of National-Oilwell Varco in a report on Thursday, December 13th. Finally, UBS Group set a $28.00 price objective on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research report on Thursday, December 20th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. National-Oilwell Varco presently has a consensus rating of “Hold” and an average target price of $38.83.

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National-Oilwell Varco Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

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Institutional Ownership by Quarter for National-Oilwell Varco (NYSE:NOV)

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