National-Oilwell Varco, Inc. (NYSE:NOV) Shares Purchased by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. boosted its holdings in National-Oilwell Varco, Inc. (NYSE:NOV) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 314,626 shares of the oil and gas exploration company’s stock after buying an additional 14,660 shares during the period. ST Germain D J Co. Inc. owned 0.08% of National-Oilwell Varco worth $6,994,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NOV. Arden Trust Co purchased a new stake in shares of National-Oilwell Varco during the 2nd quarter valued at about $521,000. World Asset Management Inc raised its holdings in shares of National-Oilwell Varco by 6.5% during the 2nd quarter. World Asset Management Inc now owns 35,228 shares of the oil and gas exploration company’s stock valued at $783,000 after buying an additional 2,163 shares during the period. CHICAGO TRUST Co NA raised its holdings in shares of National-Oilwell Varco by 12.8% during the 2nd quarter. CHICAGO TRUST Co NA now owns 52,808 shares of the oil and gas exploration company’s stock valued at $1,174,000 after buying an additional 5,973 shares during the period. FDx Advisors Inc. raised its holdings in shares of National-Oilwell Varco by 21.9% during the 2nd quarter. FDx Advisors Inc. now owns 9,754 shares of the oil and gas exploration company’s stock valued at $217,000 after buying an additional 1,750 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of National-Oilwell Varco by 9.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 15,878 shares of the oil and gas exploration company’s stock valued at $352,000 after buying an additional 1,389 shares during the period. 92.89% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the company. Griffin Securities reiterated a “hold” rating on shares of National-Oilwell Varco in a report on Thursday. SunTrust Banks dropped their target price on National-Oilwell Varco to $24.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. UBS Group set a $25.00 target price on National-Oilwell Varco and gave the company a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded National-Oilwell Varco from a “hold” rating to a “strong sell” rating in a report on Monday, May 20th. Finally, ValuEngine upgraded National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Thursday. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.08.

Shares of NOV traded down $0.35 during mid-day trading on Friday, hitting $22.09. The stock had a trading volume of 7,434,630 shares, compared to its average volume of 5,122,787. The stock has a market capitalization of $8.66 billion, a P/E ratio of -276.13 and a beta of 1.30. The company’s fifty day moving average price is $21.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.81 and a current ratio of 3.05. National-Oilwell Varco, Inc. has a fifty-two week low of $19.57 and a fifty-two week high of $47.48.

National-Oilwell Varco (NYSE:NOV) last issued its earnings results on Monday, July 29th. The oil and gas exploration company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.08 billion. National-Oilwell Varco had a negative return on equity of 0.64% and a negative net margin of 63.23%. On average, equities analysts anticipate that National-Oilwell Varco, Inc. will post -0.06 earnings per share for the current year.

About National-Oilwell Varco

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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