National Oilwell Varco (NOV) Shares Rose While Centurylink Investment Management Company Has Cut Its Holding; As Goldcorp (GG) Stock Declined, Comerica Bank Has Trimmed Stake by $402,805

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

Comerica Bank decreased its stake in Goldcorp Inc (GG) by 38.67% based on its latest 2018Q2 regulatory filing with the SEC. Comerica Bank sold 30,985 shares as the company’s stock declined 27.63% while stock markets rallied. The institutional investor held 49,148 shares of the precious metals company at the end of 2018Q2, valued at $652,000, down from 80,133 at the end of the previous reported quarter. Comerica Bank who had been investing in Goldcorp Inc for a number of months, seems to be less bullish one the $8.19 billion market cap company. The stock decreased 0.21% or $0.02 during the last trading session, reaching $9.43. About 10.85 million shares traded or 6.71% up from the average. Goldcorp Inc. (NYSE:GG) has declined 25.74% since December 8, 2017 and is downtrending. It has underperformed by 41.36% the S&P500. Some Historical GG News: 25/04/2018 – GOLDCORP 1Q EPS 8C, EST. 10C; 25/04/2018 – GOLDCORP REAFFIRMS FORECAST FOR YEAR GOLD PRODUCTION; 21/05/2018 – Goldcorp Says Peru and Nevada Would Make Its Portfolio Perfect; 14/05/2018 – Banco Santander Adds Goldcorp, Exits D.R. Horton: 13F; 18/05/2018 – Goldcorp’s Telfer Sees Gold Prices Going ‘Significantly Higher’ (Video); 26/04/2018 – Mednax process on life support; 26/04/2018 – Strategic investment by Goldcorp to create a new gold explorer in the Eeyou Istchee James Bay territory of Quebec with Canada S; 25/04/2018 – Goldcorp 1Q EPS 8c; 25/04/2018 – GOLDCORP PROVIDES FIRST QUARTER 2018 EXPLORATION UPDATE; 10/05/2018 – WHEATON RELEASES GOLDCORP GUARANTEE UNDER SILVER PURCHASE PACT

Centurylink Investment Management Company decreased its stake in National Oilwell Varco Inc (NOV) by 20.5% based on its latest 2018Q2 regulatory filing with the SEC. Centurylink Investment Management Company sold 9,052 shares as the company’s stock rose 5.79% with the market. The institutional investor held 35,114 shares of the energy company at the end of 2018Q2, valued at $1.52 million, down from 44,166 at the end of the previous reported quarter. Centurylink Investment Management Company who had been investing in National Oilwell Varco Inc for a number of months, seems to be less bullish one the $11.43 billion market cap company. The stock decreased 1.52% or $0.46 during the last trading session, reaching $29.81. About 4.28 million shares traded or 19.61% up from the average. National Oilwell Varco, Inc. (NYSE:NOV) has risen 34.06% since December 8, 2017 and is uptrending. It has outperformed by 18.44% the S&P500. Some Historical NOV News: 26/04/2018 – National Oilwell Varco 1Q Loss/Shr 18c; 30/04/2018 – National Oilwell Presenting at Conference May 14; 27/04/2018 – NATIONAL OILWELL SEEING MORE ELABORATE U.S. LAND RIG UPGRADES; 27/04/2018 – NATIONAL OILWELL VARCO EARNIGS CONFERENCE CALL BEGINS; 04/05/2018 – National Oilwell at MUFG Securities Houston Energy Tour May 14; 18/05/2018 – National Oilwell Rises for 11 Days: Longest Streak Since IPO; 27/04/2018 – NATIONAL OILWELL CFO JOSE BAYARDO COMMENTS ON EARNINGS CALL; 16/04/2018 – National Oilwell Varco Provides Operational Update for the First Quarter 2018; 16/04/2018 – NATIONAL OILWELL VARCO PRELIM 1Q REV. $1.8B, EST. $1.94B; 27/04/2018 – NOV: OFFSHORE COMPLETION, PRODUCTION GEAR REMAIN CHALLENGED

Analysts await Goldcorp Inc. (NYSE:GG) to report earnings on February, 13. They expect $0.03 earnings per share, down 70.00% or $0.07 from last year’s $0.1 per share. GG’s profit will be $26.04 million for 78.58 P/E if the $0.03 EPS becomes a reality. After $-0.08 actual earnings per share reported by Goldcorp Inc. for the previous quarter, Wall Street now forecasts -137.50% EPS growth.

More important recent Goldcorp Inc. (NYSE:GG) news were published by: Fool.ca which released: “Conservative Investors: Don’t Miss Out on This “Golden” Opportunity! – The Motley Fool Canada” on December 07, 2018, also 247Wallst.com published article titled: “It’s Not Too Late to Buy Gold in Case the Market Totally Crashes – 24/7 Wall St.”, Seekingalpha.com published: “Yamana Gold, other Canadian miners, lag in Shareholders Gold Council study – Seeking Alpha” on December 03, 2018. More interesting news about Goldcorp Inc. (NYSE:GG) was released by: Seekingalpha.com and their article: “Don’t Get Fooled By Goldcorp’s Book Value – Seeking Alpha” with publication date: November 13, 2018.

Among 22 analysts covering Goldcorp Inc. (NYSE:GG), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Goldcorp Inc. had 70 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating given on Monday, September 14 by RBC Capital Markets. As per Friday, October 26, the company rating was upgraded by BMO Capital Markets. IBC downgraded Goldcorp Inc. (NYSE:GG) on Friday, February 12 to “Sector Perform” rating. The firm has “Hold” rating by Jefferies given on Monday, September 18. RBC Capital Markets upgraded Goldcorp Inc. (NYSE:GG) rating on Wednesday, November 1. RBC Capital Markets has “Buy” rating and $18.0 target. Credit Suisse upgraded it to “Buy” rating and $19.0 target in Monday, January 15 report. The stock of Goldcorp Inc. (NYSE:GG) has “Market Perform” rating given on Monday, December 19 by BMO Capital Markets. The rating was downgraded by Macquarie Research on Tuesday, March 15 to “Neutral”. JP Morgan maintained the stock with “Overweight” rating in Wednesday, November 15 report. RBC Capital Markets maintained it with “Hold” rating and $1600 target in Monday, June 12 report.

Comerica Bank, which manages about $14.30B US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 204,216 shares to 2.22M shares, valued at $70.42M in 2018Q2, according to the filing. It also increased its holding in Cooper Tire & Rubber (NYSE:CTB) by 45,865 shares in the quarter, for a total of 215,103 shares, and has risen its stake in Range Resources Corp (NYSE:RRC).

Among 41 analysts covering National Oilwell Varco (NYSE:NOV), 12 have Buy rating, 5 Sell and 24 Hold. Therefore 29% are positive. National Oilwell Varco had 147 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was upgraded by Citigroup to “Neutral” on Monday, November 7. The firm has “Outperform” rating given on Thursday, July 30 by FBR Capital. The company was maintained on Thursday, October 18 by Jefferies. The rating was downgraded by Argus Research on Wednesday, August 5 to “Hold”. The stock of National Oilwell Varco, Inc. (NYSE:NOV) earned “Equal-Weight” rating by Barclays Capital on Wednesday, April 20. The stock has “Neutral” rating by Citigroup on Monday, October 29. The rating was initiated by Tudor Pickering with “Hold” on Friday, March 24. BMO Capital Markets maintained it with “Sell” rating and $28.0 target in Wednesday, October 11 report. The stock of National Oilwell Varco, Inc. (NYSE:NOV) earned “Outperform” rating by Raymond James on Monday, October 29. The firm earned “Buy” rating on Thursday, October 26 by Piper Jaffray.

Since June 27, 2018, it had 0 buys, and 2 sales for $3.79 million activity. Another trade for 76,436 shares valued at $3.28M was made by Rovig Joseph W on Wednesday, June 27.

Analysts await National Oilwell Varco, Inc. (NYSE:NOV) to report earnings on February, 4. They expect $0.09 earnings per share, up 325.00% or $0.13 from last year’s $-0.04 per share. NOV’s profit will be $34.50M for 82.81 P/E if the $0.09 EPS becomes a reality.

Investors sentiment increased to 0.88 in 2018 Q2. Its up 0.02, from 0.86 in 2018Q1. It is positive, as 40 investors sold NOV shares while 184 reduced holdings. 63 funds opened positions while 135 raised stakes. 362.50 million shares or 2.23% more from 354.58 million shares in 2018Q1 were reported. Waters Parkerson & Limited Liability reported 0.22% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Moreover, Lyrical Asset Management LP has 2.92% invested in National Oilwell Varco, Inc. (NYSE:NOV). California-based Parallax Volatility Advisers Limited Partnership has invested 0% in National Oilwell Varco, Inc. (NYSE:NOV). Moreover, Hightower has 0.01% invested in National Oilwell Varco, Inc. (NYSE:NOV) for 16,160 shares. Bnp Paribas Arbitrage Sa stated it has 180,692 shares or 0% of all its holdings. Piedmont Investment Ltd Llc, a North Carolina-based fund reported 4,476 shares. Lombard Odier Asset Management (Europe) holds 0.01% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 4,611 shares. Mutual Of America Mgmt Ltd Llc has invested 0.05% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV). Neuberger Berman Group Lc accumulated 30,212 shares. Credit Suisse Ag holds 0.02% of its portfolio in National Oilwell Varco, Inc. (NYSE:NOV) for 481,490 shares. Advisors Asset Mgmt has invested 0% in National Oilwell Varco, Inc. (NYSE:NOV). Morgan Stanley holds 0.07% or 5.63M shares in its portfolio. Natixis has 0.02% invested in National Oilwell Varco, Inc. (NYSE:NOV). Conning reported 0.01% stake. 41,055 were accumulated by Oregon Employees Retirement Fund.

Centurylink Investment Management Company, which manages about $18.36 billion and $261.05 million US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 12,097 shares to 86,528 shares, valued at $8.53 million in 2018Q2, according to the filing. It also increased its holding in Avnet Inc (NYSE:AVT) by 8,335 shares in the quarter, for a total of 31,258 shares, and has risen its stake in Marvell Tech Group (NASDAQ:MRVL).

More notable recent National Oilwell Varco, Inc. (NYSE:NOV) news were published by: Globenewswire.com which released: “Verizon CFO to speak at Morgan Stanley European conference Nov. 14 – GlobeNewswire” on November 12, 2018, also Seekingalpha.com with their article: “IBM: Follow Buffett? – International Business Machines Corporation (NYSE:IBM) – Seeking Alpha” published on November 22, 2018, Seekingalpha.com published: “Cowen boosts AT&T rating amid positivity from analyst update – Seeking Alpha” on December 03, 2018. More interesting news about National Oilwell Varco, Inc. (NYSE:NOV) were released by: Investorplace.com and their article: “The 9 Best Stocks to Buy on the Dip (2018 edition) – Investorplace.com” published on November 09, 2018 as well as Seekingalpha.com‘s news article titled: “A Look At How General Electric Is Positioned, Financially – Seeking Alpha” with publication date: November 12, 2018.

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

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