National Oilwell Varco, Inc. (NYSE:NOV) is on recovery track with 10.71% gain from a 1-year low price of $24.27. The company lost -8.39% to attain the price of $26.87 on 4/12/2019. Throughout the recent session, the prices were hovering between $26.805 and $28.69. These shares are 16.75% off its target price of $31.37 and the current market capitalization stands at $10B. The recent change has given its price a -4.46% deficit over SMA 50 and -45.25% deficit over its 52-week high. The stock witnessed -0.63% declines, -7.69% declines and -37.32% 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 3.51% and during a month it has been found around 3%.

National Oilwell Varco, Inc. (NOV) Top Holders

Institutional investors currently hold around $9.64 billion or 96.8% in NOV stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.12 billion in National Oilwell Varco, Inc., which represents roughly 11.2% of the company’s market cap and approximately 11.62% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 26,005,356 shares of the stock are valued at $698.76 million. The third largest holder is First Eagle Investment Management, Llc, which currently holds $631.27 million worth of this stock and that ownership represents nearly 6.31% of its market capitalization.

National Oilwell Varco, Inc. 13F Filings

At the end of December reporting period, 232 institutional holders increased their position in National Oilwell Varco, Inc. (NYSE:NOV) by some 42,786,460 shares, 357 decreased positions by 41,820,616 and 72 held positions by 274,265,687. That puts total institutional holdings at 358,872,763 shares, according to SEC filings. The stock grabbed 53 new institutional investments totaling 2,141,587 shares while 125 institutional investors sold out their entire positions totaling 6,066,389 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 15,125 shares of National Oilwell Varco, Inc. (NOV) in the trading session dated Feb. 28, 2019. These shares are worth $423,803 and were traded at $28.02 each. The SEC filing shows that MATTSON ERIC L performed a sale of 11,112 shares. The Director disposed these shares by way of transaction on Aug. 27, 2018. The company’s shares were given away at $45.34 per share worth to an income of some $503,818 to the account of MATTSON ERIC L.

Director, MATTSON ERIC L, sold 4,338 common shares of National Oilwell Varco, Inc. (NOV) in the open market. In a transaction dated Aug. 09, 2018, the shares were put up for sale at an average price of $45.65, raking in a sum of $198,030. After this sale, 72,146 common shares of NOV are directly owned by the insider, with total stake valued at $1,938,563.

In the transaction dated Aug. 01, 2018, a great number of shares sold came courtesy the Chairman, President and CEO; WILLIAMS CLAY C disposed a total of 465,116 shares at an average price of $47.91, amounting to approximately $22,283,708. The insider now directly owns 376,567 shares worth $10,118,355.

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 16 of them predict the stock is a hold. Also, there are 7 buy, 3 sell and 1 strong sell ratings, collectively assigning a 2.68 average brokerage recommendation [T1].