Analysts take a look at National Oilwell Varco, Inc. (NYSE:NOV) having this to say.

September 14, 2018 - By Ash Maslow

National Oilwell Varco, Inc. (NYSE:NOV) LogoInvestors sentiment increased to 0.88 in 2018 Q2. Its up 0.02, from 0.86 in 2018Q1. It increased, as 40 investors sold National Oilwell Varco, Inc. shares while 184 reduced holdings. 63 funds opened positions while 135 raised stakes. 362.50 million shares or 2.23% more from 354.58 million shares in 2018Q1 were reported.
12 were accumulated by Wealthtrust Fairport Lc. Mitsubishi Ufj Trust And Banking Corporation reported 766,498 shares. Everence Management Incorporated stated it has 0.09% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Regions Finance Corporation owns 27,573 shares or 0.01% of their US portfolio. Contrarius reported 1.02 million shares stake. Century Cos, a Missouri-based fund reported 4.60 million shares. Kanawha Capital Mngmt Llc reported 0.11% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Massmutual Tru Fsb Adv has 0% invested in National Oilwell Varco, Inc. (NYSE:NOV). Afam owns 137,146 shares. Speece Thorson Group Inc Inc reported 409,519 shares or 3.75% of all its holdings. The New York-based 683 Capital Mngmt Ltd Co has invested 0.87% in National Oilwell Varco, Inc. (NYSE:NOV). Lyrical Asset Mngmt Lp holds 2.92% or 5.38M shares. 190,675 are owned by British Columbia Mgmt Corp. Ballentine Limited Liability Corporation invested 0.01% in National Oilwell Varco, Inc. (NYSE:NOV). Amp Capital Investors Ltd holds 103,840 shares.

Since May 14, 2018, it had 0 insider purchases, and 4 selling transactions for $5.67 million activity. The insider MATTSON ERIC L sold $503,873. 5,000 National Oilwell Varco, Inc. (NYSE:NOV) shares with value of $220,165 were sold by Weinstock Craig L.. The insider Rovig Joseph W sold 76,436 shares worth $3.28 million.

National Oilwell Varco, Inc. (NYSE:NOV) Ratings Coverage

Among 14 analysts covering National-Oilwell (NYSE:NOV), 3 have Buy rating, 1 Sell and 10 Hold. Therefore 21% are positive. National-Oilwell had 16 analyst reports since April 13, 2018 according to SRatingsIntel. The stock has “Hold” rating by Wells Fargo on Thursday, May 24. The company was maintained on Wednesday, July 11 by Citigroup. The firm has “Equal-Weight” rating given on Tuesday, July 31 by Barclays Capital. The rating was maintained by Citigroup with “Neutral” on Tuesday, July 31. Wells Fargo maintained the shares of NOV in report on Monday, July 30 with “Market Perform” rating. The company was maintained on Monday, July 30 by Raymond James. The stock has “Hold” rating by Edward Jones on Tuesday, September 4. BMO Capital Markets maintained the shares of NOV in report on Monday, July 30 with “Underperform” rating. On Tuesday, August 21 the stock rating was upgraded by RF Lafferty to “Buy”. B. Riley & Co downgraded the stock to “Neutral” rating in Tuesday, April 17 report. Below is a list of National Oilwell Varco, Inc. (NYSE:NOV) latest ratings and price target changes.

11/09/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $54 Initiates Coverage On
04/09/2018 Broker: Edward Jones Old Rating: Buy New Rating: Hold Downgrade
21/08/2018 Broker: RF Lafferty Old Rating: Hold New Rating: Buy Old Target: $41 New Target: $51 Upgrade
31/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $37 New Target: $44 Maintain
31/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $45 New Target: $49 Maintain
30/07/2018 Broker: Raymond James Old Rating: Outperform New Rating: Outperform Old Target: $50 New Target: $55 Maintain
30/07/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $41 New Target: $43 Maintain
30/07/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $30 New Target: $43 Maintain
30/07/2018 Broker: BMO Capital Markets Old Rating: Underperform New Rating: Underperform Old Target: $32 New Target: $39 Maintain
11/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $39 New Target: $45 Maintain

The stock decreased 0.20% or $0.09 during the last trading session, reaching $44.17. About 1.54 million shares traded. National Oilwell Varco, Inc. (NYSE:NOV) has risen 34.06% since September 14, 2017 and is uptrending. It has outperformed by 18.44% the S&P500.

National Oilwell Varco, Inc. designs, makes, and sells equipment and components used in gas and oil drilling, completion, and production operations; and provides oilfield services to the upstream gas and oil industry worldwide. The company has market cap of $16.90 billion. It operates through four divisions: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. It currently has negative earnings. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components.

National Oilwell Varco, Inc. (NYSE:NOV) Institutional Positions Chart

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