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

November 10, 2018 - By Vivian Park

National Oilwell Varco, Inc. (NYSE:NOV) LogoInvestors sentiment increased to 0.88 in Q2 2018. Its up 0.02, from 0.86 in 2018Q1. It improved, 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.
Utah Retirement reported 0.06% in National Oilwell Varco, Inc. (NYSE:NOV). 20,000 were reported by Employees Retirement System Of Texas. Public Employees Retirement Systems Of Ohio has invested 0.03% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Westpac reported 159,626 shares. 67,100 were reported by Thompson Rubinstein Mgmt Inc Or. Strs Ohio reported 206,610 shares. Everence Mgmt reported 9,526 shares stake. Macquarie Gp Inc reported 5,500 shares. Sun Life Inc invested in 4,913 shares. Primecap Ca invested 0.02% in National Oilwell Varco, Inc. (NYSE:NOV). Retail Bank Of Nova Scotia reported 41,979 shares stake. D E Shaw & Co reported 0% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Cacti Asset Limited Com has invested 0.02% in National Oilwell Varco, Inc. (NYSE:NOV). Envestnet Asset Management Inc owns 99,435 shares. Montag A Associate holds 0.02% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 5,449 shares.

Since May 14, 2018, it had 0 insider buys, and 3 sales for $4.01 million activity. Shares for $3.28 million were sold by Rovig Joseph W on Wednesday, June 27. 11,112 shares valued at $503,873 were sold by MATTSON ERIC L on Friday, August 24. 5,000 shares valued at $220,165 were sold by Weinstock Craig L. on Monday, May 21.

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

Among 14 analysts covering National-Oilwell (NYSE:NOV), 5 have Buy rating, 1 Sell and 8 Hold. Therefore 36% are positive. National-Oilwell had 22 analyst reports since May 24, 2018 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, October 29 by Raymond James. Citigroup maintained the stock with “Neutral” rating in Tuesday, July 31 report. Barclays Capital maintained National Oilwell Varco, Inc. (NYSE:NOV) rating on Monday, October 29. Barclays Capital has “Equal-Weight” rating and $40 target. The firm earned “Neutral” rating on Monday, October 29 by Credit Suisse. The stock of National Oilwell Varco, Inc. (NYSE:NOV) earned “Buy” rating by RF Lafferty on Tuesday, August 21. On Monday, October 29 the stock rating was maintained by Wells Fargo with “Market Perform”. The stock of National Oilwell Varco, Inc. (NYSE:NOV) earned “Equal-Weight” rating by Barclays Capital on Tuesday, July 31. The company was maintained on Friday, September 14 by Citigroup. The stock of National Oilwell Varco, Inc. (NYSE:NOV) has “Outperform” rating given on Monday, October 29 by Evercore. The rating was maintained by Jefferies with “Hold” on Thursday, October 18. Below is a list of National Oilwell Varco, Inc. (NYSE:NOV) latest ratings and price target changes.

30/10/2018 Broker: Societe Generale Old Rating: Hold New Rating: Buy New Target: $48 Upgrade
29/10/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $43 New Target: $38 Maintain
29/10/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $44 New Target: $40 Maintain
29/10/2018 Broker: Raymond James Old Rating: Outperform New Rating: Outperform Old Target: $55 New Target: $45 Maintain
29/10/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $43 New Target: $38 Maintain
29/10/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $48 New Target: $40 Maintain
29/10/2018 Broker: Evercore Old Rating: In-Line New Rating: Outperform Upgrade
18/10/2018 Broker: Jefferies Old Rating: Hold New Rating: Hold Old Target: $42 New Target: $46 Maintain
19/09/2018 Broker: Morgan Stanley Rating: Equal-Weight New Target: $50 Initiates Coverage On
17/09/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $31 New Target: $32 Maintain

The stock decreased 1.18% or $0.42 during the last trading session, reaching $35.26. About 3.82M shares traded or 16.29% up from the average. National Oilwell Varco, Inc. (NYSE:NOV) has risen 34.06% since November 10, 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 $13.52 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.

Another recent and important National Oilwell Varco, Inc. (NYSE:NOV) news was published by Benzinga.com which published an article titled: “Q3 Earnings Preview For National Oilwell Varco” on October 25, 2018.

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

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