B. Riley Reports National Oilwell Varco (NOV) Downgrade from “Buy”; Dixie Group (DXYN)’s Sentiment Is 1.4

April 17, 2018 - By Linda Rogers

National Oilwell Varco, Inc. (NYSE:NOV) Logo

Dixie Group Inc (DXYN) investors sentiment increased to 1.4 in Q4 2017. It’s up 0.25, from 1.15 in 2017Q3. The ratio is more positive, as 14 funds increased or opened new stock positions, while 10 sold and decreased their equity positions in Dixie Group Inc. The funds in our database now own: 9.12 million shares, down from 9.12 million shares in 2017Q3. Also, the number of funds holding Dixie Group Inc in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 8 Increased: 10 New Position: 4.

B. Riley has lowered National Oilwell Varco (NYSE:NOV) stock to “Neutral” in a an analyst report revealed to clients and investors on 17 April. NOV’s old rating was “Buy”.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.15, from 0.85 in 2017Q3. It worsened, as 42 investors sold National Oilwell Varco, Inc. shares while 209 reduced holdings. 52 funds opened positions while 124 raised stakes. 349.52 million shares or 0.22% more from 348.73 million shares in 2017Q3 were reported. Swiss Bancorporation reported 1.40M shares. Advisory Net Llc has 0.01% invested in National Oilwell Varco, Inc. (NYSE:NOV). Deroy And Devereaux Private Inv Counsel Incorporated holds 0.18% or 46,800 shares in its portfolio. Zeke Advsrs Lc owns 0.09% invested in National Oilwell Varco, Inc. (NYSE:NOV) for 25,032 shares. Thompson Davis And Co Inc holds 0.01% or 150 shares. Rice Hall James And Assocs reported 10,826 shares. Kbc Group Nv invested 0.01% in National Oilwell Varco, Inc. (NYSE:NOV). Fernwood Inv Mgmt Ltd has 11,565 shares for 0.22% of their portfolio. Fukoku Mutual Life Ins Co, a Japan-based fund reported 1,400 shares. Employees Retirement Association Of Colorado owns 72,188 shares or 0.02% of their US portfolio. Westpac Banking Corporation has 108,168 shares for 0.09% of their portfolio. 1,500 were reported by Ckw Group. 94,206 are owned by Oppenheimer Communication Incorporated. Proshare Advisors Limited Com reported 78,545 shares. Commonwealth Bancorp Of reported 104,352 shares.

Analysts await National Oilwell Varco, Inc. (NYSE:NOV) to report earnings on April, 26 after the close. They expect $-0.01 earnings per share, up 94.12% or $0.16 from last year’s $-0.17 per share. After $-0.04 actual earnings per share reported by National Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts -75.00% EPS growth.

National Oilwell Varco, Inc. designs, makes, and sells equipment and components used in gas and oil drilling, completion, and production operations; and provides oilfield services to the upstream gas and oil industry worldwide. The company has market cap of $14.13 billion. It operates through four divisions: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. It currently has negative earnings. The Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components.

The stock decreased 2.61% or $0.99 during the last trading session, reaching $36.99. About 2.42M shares traded. National Oilwell Varco, Inc. (NYSE:NOV) has declined 3.90% since April 17, 2017 and is downtrending. It has underperformed by 15.45% the S&P500.

Among 34 analysts covering National Oilwell Varco (NYSE:NOV), 9 have Buy rating, 5 Sell and 20 Hold. Therefore 26% are positive. National Oilwell Varco has $55 highest and $18 lowest target. $34.13’s average target is -7.73% below currents $36.99 stock price. National Oilwell Varco had 122 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Wednesday, February 8. As per Thursday, July 13, the company rating was maintained by BMO Capital Markets. On Monday, October 3 the stock rating was downgraded by Citigroup to “Sell”. RBC Capital Markets maintained the stock with “Hold” rating in Friday, January 19 report. The rating was initiated by Suntrust Robinson on Wednesday, January 18 with “Hold”. RBC Capital Markets maintained it with “Sector Perform” rating and $35 target in Friday, April 29 report. The stock of National Oilwell Varco, Inc. (NYSE:NOV) earned “Hold” rating by Susquehanna on Wednesday, February 7. The stock of National Oilwell Varco, Inc. (NYSE:NOV) earned “Hold” rating by Scotia Capital on Thursday, March 23. Argus Research upgraded the stock to “Buy” rating in Friday, March 3 report. The firm earned “Hold” rating on Thursday, April 6 by R. F. Lafferty.

Since February 28, 2018, it had 0 buys, and 1 insider sale for $264,657 activity. Duff Scott K. sold $264,657 worth of stock.

The Dixie Group, Inc. manufactures, markets, and sells floorcovering products for residential and commercial applications primarily in the United States. The company has market cap of $46.34 million. It offers residential and specialty carpets and custom rugs; residential tufted broadloom and rugs; and broadloom and modular carpet tiles. It currently has negative earnings. The firm sells its products under the Fabrica, Masland Residential, Dixie Home, Atlas Carpet Mills, Masland Contract, and Masland Hospitality brands.

The stock increased 3.51% or $0.1 during the last trading session, reaching $2.95. About 7,776 shares traded. The Dixie Group, Inc. (DXYN) has declined 15.94% since April 17, 2017 and is downtrending. It has underperformed by 27.49% the S&P500.

Hodges Capital Management Inc. holds 0.49% of its portfolio in The Dixie Group, Inc. for 1.73 million shares. First Dallas Securities Inc. owns 44,450 shares or 0.11% of their US portfolio. Moreover, Penn Capital Management Co Inc has 0.11% invested in the company for 423,484 shares. The Georgia-based Buckhead Capital Management Llc has invested 0.08% in the stock. Walthausen & Co. Llc, a New York-based fund reported 100,000 shares.

National Oilwell Varco, Inc. (NYSE:NOV) Institutional Positions Chart

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