ValuEngine upgraded shares of National-Oilwell Varco (NYSE:NOV) from a sell rating to a hold rating in a research note published on Wednesday, January 3rd.

Several other brokerages have also commented on NOV. Jefferies Group set a $34.00 target price on National-Oilwell Varco and gave the stock a hold rating in a research report on Thursday, October 5th. Piper Jaffray Companies restated a buy rating and set a $36.00 price objective on shares of National-Oilwell Varco in a research report on Tuesday, September 26th. Royal Bank of Canada set a $37.00 price objective on National-Oilwell Varco and gave the company a hold rating in a research report on Thursday, December 21st. Deutsche Bank initiated coverage on National-Oilwell Varco in a research report on Tuesday, October 10th. They set a hold rating and a $39.00 price target for the company. Finally, Citigroup boosted their price objective on National-Oilwell Varco from $34.00 to $36.00 and gave the stock a neutral rating in a research note on Thursday, October 5th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $38.08.

National-Oilwell Varco (NOV) traded down $0.39 during mid-day trading on Wednesday, reaching $36.34. The company’s stock had a trading volume of 832,951 shares, compared to its average volume of 2,721,023. The stock has a market cap of $14,331.01, a P/E ratio of -14.53, a PEG ratio of 18.41 and a beta of 0.95. The company has a quick ratio of 1.62, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. National-Oilwell Varco has a 52 week low of $29.90 and a 52 week high of $41.90.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in National-Oilwell Varco by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 38,794,232 shares of the oil and gas exploration company’s stock valued at $1,277,882,000 after acquiring an additional 930,849 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in National-Oilwell Varco by 2.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 27,068,594 shares of the oil and gas exploration company’s stock valued at $967,161,000 after acquiring an additional 563,589 shares in the last quarter. BlackRock Inc. raised its holdings in National-Oilwell Varco by 1.4% in the 2nd quarter. BlackRock Inc. now owns 25,195,874 shares of the oil and gas exploration company’s stock valued at $829,954,000 after acquiring an additional 354,574 shares in the last quarter. Harris Associates L P raised its holdings in National-Oilwell Varco by 16.0% in the 2nd quarter. Harris Associates L P now owns 18,574,753 shares of the oil and gas exploration company’s stock valued at $611,852,000 after acquiring an additional 2,557,484 shares in the last quarter. Finally, FMR LLC raised its holdings in National-Oilwell Varco by 6.4% in the 2nd quarter. FMR LLC now owns 9,635,851 shares of the oil and gas exploration company’s stock valued at $317,405,000 after acquiring an additional 581,712 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

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About National-Oilwell Varco

National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.

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Analyst Recommendations for National-Oilwell Varco (NYSE:NOV)

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