Top investors

The Vanguard Group, First Eagle Investment Management, and Harris Associates L.P. are the three largest institutional investors in National Oilwell Varco (NOV). The Vanguard Group owns 10.9% of National Oilwell Varco’s outstanding shares. First Eagle Investment Management and Harris Associates own 6.1% and 6.0%, respectively, of National Oilwell Varco’s outstanding shares. The Vanguard Group and Harris Associates added 1.2 million and 0.4 million National Oilwell Varco shares, respectively, in the fourth quarter. On the other hand, First Eagle Investment Management sold 1.7 million shares in the fourth quarter.

National Oilwell Varco: Institutional Investors’ Sentiments

The above table shows the ten largest investors in National Oilwell Varco. Collectively, the ten investors added 0.8 million National Oilwell Varco shares to their positions in the fourth quarter. Seven of the top ten investors added to their positions in the stock. Dodge & Cox sold 10.5 million shares, which was the largest transaction among the top ten investors.

Together, the top ten investors own 51.5% of National Oilwell Varco’s outstanding shares—close to 51.4% shares owned by the top ten investors at the end of the third quarter.

Top transactions

Recently, Vulcan Value Partners bought 7.1 million National Oilwell Varco shares. Vulcan Value Partners owns 5.7% of the company’s outstanding shares. Hotchkis and Wiley Capital Management bought 4.4 million shares, while Pzena Investment Management bought 3.5 million National Oilwell Varco shares.

Recently, Dodge & Cox sold 10.5 million National Oilwell Varco shares. Now, Dodge & Cox owns 4.2% of National Oilwell Varco’s outstanding shares—down from 7.0% shares owned at the end of the third quarter. Capital Research Global Investors sold 8.4 million shares, while Morgan Stanley Investment Management sold 2.4 million National Oilwell Varco shares.

Next, we’ll discuss the recent institutional investor activity in TechnipFMC (FTI).

Latest articles

19 May

Chinese Stocks are Getting Crushed

WRITTEN BY JP Gravitt

In the last month the CSI 300 is down 11.5%, much more than US indices.

JCPenney (JCP) is slated to announce its results for the first quarter of fiscal 2019, which ended on May 4, on May 21.

17 May

What to Know about the US-China Trade War

WRITTEN BY Mayur Sontakke, CFA, FRM

The key point of contention in the US-China trade dispute is the large trade deficit the United States runs against China.

On May 16, the Labor Department reported jobless claims for last week. Initial jobless claims fell by 16,000 to 212,000 for the week ended May 11.

Jeffrey Gundlach recommended investors take advantage of the volatility in interest rates at the recent Sohn Conference.

Tesla (TSLA) has fallen 4.2% as of 11:55 AM EDT on May 17. While US equity markets opened in the red today, they've recouped their losses.

172.31.1.77