Are Natl Oilwell Varco (NOV) Shares Worth Your Time and Dime Following Recent Johnson Rice Upgrade?

October 2, 2018 - By Hazel Jackson

National Oilwell Varco, Inc. (NYSE:NOV) Logo

Investors sentiment increased to 0.88 in Q2 2018. 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.

Moors Cabot holds 0.15% or 26,120 shares. Bancshares Of America Corporation De has 0.01% invested in National Oilwell Varco, Inc. (NYSE:NOV). 800 were accumulated by Nelson Roberts Investment Limited Com. Cobblestone Ltd Com owns 120,646 shares. Livforsakringsbolaget Skandia Omsesidigt accumulated 0.02% or 5,758 shares. Cambridge Inv Rech Advsrs, Iowa-based fund reported 6,067 shares. Mountain Lake Invest Management Lc holds 7.69% or 350,000 shares. 1.04M were reported by Deutsche Comml Bank Ag. Dnb Asset Mgmt As reported 0% in National Oilwell Varco, Inc. (NYSE:NOV). Sumitomo Mitsui Asset Management has 0.02% invested in National Oilwell Varco, Inc. (NYSE:NOV) for 26,987 shares. Advisor Prtnrs Ltd Llc holds 7,862 shares or 0.06% of its portfolio. Cacti Asset Limited Liability Co holds 0.02% or 4,350 shares in its portfolio. Bessemer holds 143,704 shares. Shell Asset Mngmt Communication invested in 0.03% or 29,842 shares. Argent Trust owns 11,189 shares or 0.07% of their US portfolio.

Since May 14, 2018, it had 0 insider purchases, and 4 selling transactions for $5.67 million activity. MATTSON ERIC L sold $503,873 worth of National Oilwell Varco, Inc. (NYSE:NOV) on Friday, August 24. Weinstock Craig L. sold $220,165 worth of stock. 76,436 National Oilwell Varco, Inc. (NYSE:NOV) shares with value of $3.28M were sold by Rovig Joseph W.

Natl Oilwell Varco (NOV) Stock Upgrade

In a report revealed to investors on Tuesday, 2 October, investment analysts at the Johnson Rice equity division boosted shares of Natl Oilwell Varco (NOV) stock from a “Hold” to a respectable “Buy” rating.

The stock increased 1.23% or $0.54 during the last trading session, reaching $44.52. About 2.62 million shares traded. National Oilwell Varco, Inc. (NOV) has risen 34.06% since October 2, 2017 and is uptrending. It has outperformed by 18.44% the S&P500.

Analysts await National Oilwell Varco, Inc. (NYSE:NOV) to report earnings on October, 25 after the close. They expect $0.12 EPS, up 271.43 % or $0.19 from last year’s $-0.07 per share. NOV’s profit will be $45.91M for 92.75 P/E if the $0.12 EPS becomes a reality. After $0.06 actual EPS reported by National Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

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 $17.03 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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