Baring Asset Management LTD Has Upped National Oilwell Varco (NOV) Position; Goldman Sachs MLP Income Opportunities Fund (GMZ) Has 1.13 Sentiment

February 25, 2018 - By Hazel Jackson

Baring Asset Management Ltd increased National Oilwell Varco Inc. (NOV) stake by 106.23% reported in 2017Q3 SEC filing. Baring Asset Management Ltd acquired 121,776 shares as National Oilwell Varco Inc. (NOV)’s stock declined 11.45%. The Baring Asset Management Ltd holds 236,410 shares with $8.45 million value, up from 114,634 last quarter. National Oilwell Varco Inc. now has $13.71 billion valuation. The stock increased 2.76% or $0.97 during the last trading session, reaching $36.07. About 2.35 million shares traded. National Oilwell Varco, Inc. (NYSE:NOV) has risen 11.97% since February 25, 2017 and is uptrending. It has underperformed by 4.73% the S&P500.

The stock increased 1.12% or $0.1 during the last trading session, reaching $9.02. About 173,613 shares traded. Goldman Sachs MLP Income Opportunities Fund (GMZ) has risen 11.38% since February 25, 2017 and is uptrending. It has underperformed by 5.32% the S&P500.

Terril Brothers Inc. holds 2.22% of its portfolio in Goldman Sachs MLP Income Opportunities Fund for 743,779 shares. Spectrum Management Group Inc. owns 120,940 shares or 0.37% of their US portfolio. Moreover, City Of London Investment Management Co Ltd has 0.16% invested in the company for 230,980 shares. The Wisconsin-based Jacobus Wealth Management Inc. has invested 0.15% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 786,336 shares.

Among 34 analysts covering National Oilwell Varco (NYSE:NOV), 10 have Buy rating, 5 Sell and 19 Hold. Therefore 29% are positive. National Oilwell Varco had 119 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of National Oilwell Varco, Inc. (NYSE:NOV) earned “Sector Perform” rating by Howard Weil on Monday, November 2. The firm earned “Buy” rating on Monday, September 25 by Piper Jaffray. The company was maintained on Wednesday, June 15 by Howard Weil. The firm has “Hold” rating by Jefferies given on Monday, July 11. Bank of America downgraded National Oilwell Varco, Inc. (NYSE:NOV) on Friday, July 31 to “Neutral” rating. The rating was maintained by Cowen & Co on Friday, July 7 with “Hold”. Barclays Capital maintained it with “Equal-Weight” rating and $36 target in Monday, October 30 report. The rating was initiated by Suntrust Robinson on Wednesday, January 18 with “Hold”. The company was maintained on Tuesday, February 6 by Piper Jaffray. Howard Weil maintained the shares of NOV in report on Thursday, February 4 with “Sector Perform” rating.

Investors sentiment increased to 0.85 in 2017 Q3. Its up 0.18, from 0.67 in 2017Q2. It improved, as 53 investors sold NOV shares while 189 reduced holdings. 49 funds opened positions while 157 raised stakes. 348.73 million shares or 2.54% more from 340.10 million shares in 2017Q2 were reported. Raymond James accumulated 402,833 shares. Retirement Systems Of Alabama reported 276,834 shares or 0.05% of all its holdings. Fulton Fincl Bank Na holds 0.02% in National Oilwell Varco, Inc. (NYSE:NOV) or 6,744 shares. First Bankshares reported 7,384 shares. Oxbow Ltd Liability Com holds 59,063 shares or 0.4% of its portfolio. Virtu Ltd Liability holds 0% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 12,458 shares. Schwab Charles Inv Management reported 1.65 million shares or 0.05% of all its holdings. The Maine-based Schroder Invest has invested 0.01% in National Oilwell Varco, Inc. (NYSE:NOV). Barnett And Com Inc holds 0.01% in National Oilwell Varco, Inc. (NYSE:NOV) or 550 shares. Guggenheim Ltd Llc holds 0.1% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 1.17M shares. St Germain D J has 377,695 shares. M&R Capital Mgmt Incorporated, a New York-based fund reported 450 shares. Energ Opportunities Limited Liability has 174,810 shares. Cibc Mkts Corporation accumulated 0.03% or 91,666 shares. Moreover, Legal General Grp Public Ltd Liability Com has 0.06% invested in National Oilwell Varco, Inc. (NYSE:NOV).

Baring Asset Management Ltd decreased Albemarle Corp. (NYSE:ALB) stake by 23,216 shares to 118,732 valued at $16.18 million in 2017Q3. It also reduced Gds Holdings Ltd stake by 398,788 shares and now owns 817,103 shares. Fortune Brands Home & Security Inc. (NYSE:FBHS) was reduced too.

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