National Oilwell Varco, Inc. (NYSE:NOV) produced a 41.04% rally since recording the worst price of $29.90. Thanks to the latest 1.88% increase, it now trades at $42.17. Throughout the trading on 05/16/2018, the share price floated between $41.29 and $42.25. This company shares are -15.41% up from its target price of $35.67 and the current market capitalization stands at $16B. The recent change has given its price a 10.86% lead over SMA 50 and 1.81% lead over its 52-week high. The stock witnessed 12.18% gains, 20.01% gains and 27.56% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NOV’s volatility during a week at 1.79% and during a month it has been found around 2.37%.National Oilwell Varco, Inc. (NOV) Top Holders
Institutional investors currently hold around $14.98 billion or 95.7% in NOV stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.64 billion in National Oilwell Varco, Inc., which represents roughly 10.25% of the company’s market cap and approximately 10.95% of the institutional ownership. Similar statistics are true for the second largest owner, Dodge & Cox, which owns 32,445,864 shares of the stock are valued at $1.34 billion. The third largest holder is First Eagle Investment Management, Llc, which currently holds $1.12 billion worth of this stock and that ownership represents nearly 6.99% of its market capitalization.
At the end of 03/31/2018 reporting period, 242 institutional holders increased their position in National Oilwell Varco, Inc. (NYSE:NOV) by some 15,202,699 shares, 308 decreased positions by 9,812,481 and 92 held positions by 336,984,820. That puts total institutional holdings at 362,000,000 shares, according to SEC filings. The stock grabbed 64 new institutional investments totaling 2,613,961 shares while 65 institutional investors sold out their entire positions totaling 1,508,126 shares.National Oilwell Varco, Inc. (NYSE:NOV) Insider Trades
Multiple company employees have indulged in significant insider trading. National Oilwell Varco, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that VP Cntrlr Chf Acctg Offcr Duff Scott K. has sold 40,459 shares of National Oilwell Varco, Inc. (NOV) in trading session dated May. 14, 2018. These shares are worth $1,659,628 and were traded at $41.02 each. The SEC filing shows that Duff Scott K. performed a sale of 7,421 shares. The VP Cntrlr Chf Acctg Offcr disposed these shares by way of transaction on Mar. 01, 2018. The company’s shares were given away at $35.66 per share worth to an income of some $264,633 on account of Duff Scott K..
, Rovig Joseph W, sold 49,825 common shares of National Oilwell Varco, Inc. (NOV) in the open market. In a transaction dated Mar. 02, 2017, the shares were put up for sale at an average price of $41.48, raking in a sum of $2,066,741. After this sale, 42,426 common shares of NOV are directly owned by the insider, with total stake valued at $1,789,104.
In the transaction dated Mar. 01, 2017, the great number of shares disposed came courtesy the VP Cntrlr Chf Acctg Offcr; Duff Scott K. disposed a total of 4,785 shares at an average price of $40.79, amounting to approximately $195,180. The insider now directly owns 30,836 shares worth $1,300,354.National Oilwell Varco, Inc. (NOV) Analyst Guide
Several analysts have released their opinion on National Oilwell Varco, Inc. (NYSE:NOV), with 4 analysts believing it is a strong buy. Whereas 12 of them predict the stock is a hold. Also, there are 1 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.68 average brokerage recommendation.