State Board of Administration of Florida Retirement System grew its holdings in shares of National-Oilwell Varco, Inc. (NYSE:NOV) by 1.1% during the first quarter, HoldingsChannel.com reports. The firm owned 585,993 shares of the oil and gas exploration company’s stock after buying an additional 6,651 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in National-Oilwell Varco were worth $15,611,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Securian Asset Management Inc increased its holdings in shares of National-Oilwell Varco by 1.2% during the first quarter. Securian Asset Management Inc now owns 39,161 shares of the oil and gas exploration company’s stock valued at $1,043,000 after purchasing an additional 480 shares during the period. Parallel Advisors LLC boosted its stake in National-Oilwell Varco by 33.6% during the first quarter. Parallel Advisors LLC now owns 2,334 shares of the oil and gas exploration company’s stock valued at $62,000 after buying an additional 587 shares in the last quarter. JOYN Advisors Inc. boosted its stake in National-Oilwell Varco by 166.2% during the fourth quarter. JOYN Advisors Inc. now owns 1,046 shares of the oil and gas exploration company’s stock valued at $27,000 after buying an additional 653 shares in the last quarter. First Manhattan Co. boosted its stake in National-Oilwell Varco by 2.3% during the fourth quarter. First Manhattan Co. now owns 30,404 shares of the oil and gas exploration company’s stock valued at $781,000 after buying an additional 677 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its stake in National-Oilwell Varco by 125.0% during the first quarter. Moody National Bank Trust Division now owns 1,233 shares of the oil and gas exploration company’s stock valued at $33,000 after buying an additional 685 shares in the last quarter. 93.54% of the stock is currently owned by institutional investors.

In other National-Oilwell Varco news, VP Scott K. Duff sold 15,125 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $28.02, for a total transaction of $423,802.50. Following the completion of the sale, the vice president now directly owns 54,098 shares in the company, valued at approximately $1,515,825.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.92% of the company’s stock.

NOV has been the subject of several research reports. Raymond James set a $40.00 target price on National-Oilwell Varco and gave the company a “buy” rating in a research note on Friday, February 8th. Gabelli reiterated a “buy” rating on shares of National-Oilwell Varco in a research report on Monday, February 11th. Barclays decreased their price target on National-Oilwell Varco from $32.00 to $28.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Cowen set a $23.00 price target on National-Oilwell Varco and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada set a $31.00 price target on National-Oilwell Varco and gave the company a “hold” rating in a research report on Friday, February 8th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company’s stock. National-Oilwell Varco currently has a consensus rating of “Hold” and an average price target of $38.08.

Shares of NYSE NOV opened at $24.38 on Thursday. National-Oilwell Varco, Inc. has a one year low of $23.42 and a one year high of $49.08. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of -304.75 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.30 and a quick ratio of 1.81.

National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas exploration company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.12). National-Oilwell Varco had a negative return on equity of 0.29% and a negative net margin of 0.47%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business posted ($0.18) earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that National-Oilwell Varco, Inc. will post -0.16 EPS for the current year.

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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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