National Oilwell Varco, Inc. (NOV): Why Not Just Buy Stock?

National Oilwell Varco, Inc. (NYSE:NOV) produced a -0.68% rally since recording the worst price of $26.53. Thanks to the latest -1.24% decrease, it now trades at $26.35. Throughout the trading on 12/17/2018, the share price floated between $26.26 and $27.4. This company shares are 48.16% off its target price of $39.04 and the current market capitalization stands at $10.41B. The recent change has given its price a -26.27% deficit over SMA 50 and -46.31% deficit over its 52-week high. The stock witnessed -19.32% declines, -40.26% declines and -37.59% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NOV’s volatility during a week at 3.95% and during a month it has been found around 3.31%.

National Oilwell Varco, Inc. (NOV) Top Holders

Institutional investors currently hold around $9.56 billion or 95.8% in NOV stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.08 billion in National Oilwell Varco, Inc., which represents roughly 10.39% of the company’s market cap and approximately 11.31% of the institutional ownership. Similar statistics are true for the second largest owner, Dodge & Cox, which owns 26,668,555 shares of the stock are valued at $711.52 million. The third largest holder is First Eagle Investment Management, Llc, which currently holds $671.97 million worth of this stock and that ownership represents nearly 6.45% of its market capitalization.

National Oilwell Varco, Inc. 13F Filings

At the end of September reporting period, 269 institutional holders increased their position in National Oilwell Varco, Inc. (NYSE:NOV) by some 23,056,933 shares, 280 decreased positions by 33,299,733 and 107 held positions by 302,038,311. That puts total institutional holdings at 358,394,977 shares, according to SEC filings. The stock grabbed 75 new institutional investments totaling 2,927,362 shares while 38 institutional investors sold out their entire positions totaling 1,392,629 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 Director Mattson Eric L has sold 11,112 shares of National Oilwell Varco, Inc. (NOV) in trading session dated Aug. 27, 2018. These shares are worth $503,818 and were traded at $45.34 each. The SEC filing shows that Mattson Eric L performed a sale of 4,338 shares. The Director disposed these shares by way of transaction on Aug. 09, 2018. The company’s shares were given away at $45.65 per share worth to an income of some $198,030 on account of Mattson Eric L.

Chairman, President and CEO, Williams Clay C, sold 465,116 common shares of National Oilwell Varco, Inc. (NOV) in the open market. In a transaction dated Aug. 01, 2018, the shares were put up for sale at an average price of $47.91, raking in a sum of $22,283,708. After this sale, 376,567 common shares of NOV are directly owned by the insider, with total stake valued at $9,922,541.

In the transaction dated Aug. 01, 2018, the great number of shares disposed came courtesy the Sr. VP. & Gen. Counsel; Weinstock Craig L. disposed a total of 25,000 shares at an average price of $47.45, amounting to approximately $1,186,250. The insider now directly owns 42,663 shares worth $1,124,170.

National Oilwell Varco, Inc. (NOV) Analyst Guide

Several analysts have released their opinion on National Oilwell Varco, Inc. (NYSE:NOV), with 3 analysts believing it is a strong buy. Whereas 15 of them predict the stock is a hold. Also, there are 7 buy, 3 sell and 1 strong sell ratings, collectively assigning a 2.72 average brokerage recommendation.