Amica Mutual Insurance Co. held its position in National Oilwell Varco (NYSE:NOV) during the third quarter, according to its most recent filing with the SEC. The firm owned 95,310 shares of the oil and gas exploration company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in National Oilwell Varco were worth $3,502,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in National Oilwell Varco by 21.7% in the second quarter. Vanguard Group Inc. now owns 35,511,716 shares of the oil and gas exploration company’s stock valued at $1,194,969,000 after buying an additional 6,330,248 shares during the last quarter. Dodge & Cox boosted its stake in National Oilwell Varco by 19.8% in the second quarter. Dodge & Cox now owns 31,881,470 shares of the oil and gas exploration company’s stock valued at $1,072,811,000 after buying an additional 5,258,750 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in National Oilwell Varco by 3.5% in the second quarter. First Eagle Investment Management LLC now owns 22,827,516 shares of the oil and gas exploration company’s stock valued at $768,146,000 after buying an additional 770,857 shares during the last quarter. Harris Associates L P boosted its stake in National Oilwell Varco by 15.3% in the second quarter. Harris Associates L P now owns 13,846,836 shares of the oil and gas exploration company’s stock valued at $465,946,000 after buying an additional 1,841,631 shares during the last quarter. Finally, Parnassus Investments CA boosted its stake in National Oilwell Varco by 1.6% in the second quarter. Parnassus Investments CA now owns 11,695,434 shares of the oil and gas exploration company’s stock valued at $393,551,000 after buying an additional 185,199 shares during the last quarter. Institutional investors and hedge funds own 92.25% of the company’s stock.

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

National Oilwell Varco (NYSE:NOV) traded down 2.62% during trading on Tuesday, reaching $34.60. The company’s stock had a trading volume of 3,382,826 shares. The stock has a 50-day moving average price of $34.98 and a 200 day moving average price of $34.02. National Oilwell Varco has a 52-week low of $25.74 and a 52-week high of $38.55. The company’s market cap is $13.07 billion.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, November 30th. National Oilwell Varco’s dividend payout ratio (DPR) is presently -2.33%.

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Several equities research analysts have commented on NOV shares. Societe Generale upgraded National Oilwell Varco from a “sell” rating to a “hold” rating and boosted their target price for the company from $32.10 to $35.00 in a research note on Monday, October 31st. Zacks Investment Research cut National Oilwell Varco from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Jefferies Group restated a “hold” rating on shares of National Oilwell Varco in a research note on Wednesday, November 16th. Nomura set a $29.00 price objective on National Oilwell Varco and gave the stock a “hold” rating in a research note on Tuesday, August 16th. Finally, Citigroup Inc. upped their price objective on National Oilwell Varco from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, September 12th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.67.

About National Oilwell Varco

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 operates through four segments: Rig Systems, which makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore; Rig Aftermarket, which provides aftermarket products and services to support land and offshore rigs, and drilling rig components manufactured by the Company’s Rig Systems segment; Wellbore Technologies, which sells and rents solids control equipment, and provides solids control, waste management and drilling fluids services, and Completion & Production Solutions, which provides technologies for well completions and oil and gas production.

5 Day Chart for NYSE:NOV

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