Baxter Bros Has Cut National Oilwell Varco (NOV) Holding, Fairmount Santrol Holdings (FMSA) Sellers Increased By 16.99% Their Shorts

June 20, 2017 - By Marie Mckinney

Baxter Bros Inc decreased National Oilwell Varco (NOV) stake by 38.04% reported in 2016Q4 SEC filing. Baxter Bros Inc sold 8,350 shares as National Oilwell Varco (NOV)’s stock declined 11.45%. The Baxter Bros Inc holds 13,600 shares with $509,000 value, down from 21,950 last quarter. National Oilwell Varco now has $13.09 billion valuation. The stock decreased 0.24% or $0.08 during the last trading session, reaching $33.58. About shares traded. National-Oilwell Varco, Inc. (NYSE:NOV) has risen 11.97% since June 20, 2016 and is uptrending. It has underperformed by 4.73% the S&P500.

Fairmount Santrol Holdings Incorporated (NYSE:FMSA) had an increase of 16.99% in short interest. FMSA’s SI was 43.46M shares in June as released by FINRA. Its up 16.99% from 37.15 million shares previously. With 7.45 million avg volume, 6 days are for Fairmount Santrol Holdings Incorporated (NYSE:FMSA)’s short sellers to cover FMSA’s short positions. The SI to Fairmount Santrol Holdings Incorporated’s float is 28.44%. The stock decreased 5.84% or $0.23 during the last trading session, reaching $3.71. About shares traded. Fairmount Santrol Holdings Inc (NYSE:FMSA) has risen 37.12% since June 20, 2016 and is uptrending. It has outperformed by 20.42% the S&P500.

Among 31 analysts covering National Oilwell Varco (NYSE:NOV), 7 have Buy rating, 4 Sell and 20 Hold. Therefore 23% are positive. National Oilwell Varco had 75 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Friday, July 31. Citigroup maintained the shares of NOV in report on Monday, October 5 with “Sell” rating. The rating was upgraded by Societe Generale to “Hold” on Monday, October 31. The firm has “Neutral” rating by Citigroup given on Monday, November 7. The rating was downgraded by KeyBanc Capital Markets on Tuesday, January 5 to “Sector Weight”. The stock of National-Oilwell Varco, Inc. (NYSE:NOV) earned “Hold” rating by R. F. Lafferty on Thursday, April 6. The rating was upgraded by JP Morgan on Wednesday, August 26 to “Underweight”. The firm has “Hold” rating given on Friday, June 2 by RBC Capital Markets. Credit Suisse upgraded the stock to “Neutral” rating in Wednesday, February 8 report. The firm has “Underperform” rating by Bank of America given on Monday, June 13.

Since February 24, 2017, it had 0 insider purchases, and 3 sales for $3.75 million activity. Duff Scott K. also sold $195,157 worth of National-Oilwell Varco, Inc. (NYSE:NOV) shares. Rovig Joseph W had sold 49,825 shares worth $2.07 million on Thursday, March 2.

Baxter Bros Inc increased Boeing (NYSE:BA) stake by 2,224 shares to 15,364 valued at $2.39 million in 2016Q4. It also upped Bank Of Ny Mellon stake by 21,800 shares and now owns 37,153 shares. Automatic Data Proc. (NASDAQ:ADP) was raised too.

Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.21, from 0.88 in 2016Q3. It dived, as 67 investors sold NOV shares while 256 reduced holdings. 70 funds opened positions while 146 raised stakes. 339.29 million shares or 1.84% less from 345.64 million shares in 2016Q3 were reported. Montgomery Invest Management Inc owns 77,578 shares. 7,319 are owned by Blb&B Advsrs Limited Liability Corporation. Apriem Advsr invested 0% of its portfolio in National-Oilwell Varco, Inc. (NYSE:NOV). Proshare Advisors Limited Liability Co accumulated 63,473 shares. Aperio Grp Ltd Com holds 0.05% or 189,514 shares in its portfolio. Bank & Trust Of Montreal Can reported 1.33M shares. Tiaa Cref Management Limited Liability owns 1.74M shares or 0.05% of their US portfolio. Bridgeway has 1.26M shares for 0.61% of their portfolio. 5,579 are owned by Glob X Management Ltd Llc. Stevens First Principles Investment Advsrs has invested 0.01% of its portfolio in National-Oilwell Varco, Inc. (NYSE:NOV). 6,215 were accumulated by Lakeview Ptnrs Limited Liability Company. Northern has invested 0.06% in National-Oilwell Varco, Inc. (NYSE:NOV). Goldman Sachs Gru invested in 0.04% or 3.83M shares. Sun Life holds 0% or 8 shares. D E Shaw & holds 126,229 shares or 0.01% of its portfolio.

Analysts await National-Oilwell Varco, Inc. (NYSE:NOV) to report earnings on July, 27. They expect $-0.15 earnings per share, up 50.00% or $0.15 from last year’s $-0.3 per share. After $-0.17 actual earnings per share reported by National-Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts -11.76% EPS growth.

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