National Oilwell Varco Inc (NYSE:NOV)

CAPS Rating: 5 out of 5

The Company is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.

Recs

1
Player Avatar WhateverTrader (99.00) Submitted: 1/3/2013 5:01:28 PM : Outperform Start Price: $68.82 NOV Score: -7.98

As of 9/30/12 Warren Buffett's Berkshire Hathaway increased holdings in NOV by 47.36%, as reported in Berkshire's 13-F SEC Filing on 11/14/12. You can track Buffett's portfolio activity and holdings here:

http://www.cnbc.com/id/22130601/Berkshire_Hathaway_Portfolio_Tracker
...or here...
http://www.gurufocus.com/holdings.php?GuruName=Warren+Buffett

Berkshire owns 4,186,800 shares of NOV with a Holding Value of $290,961,666 which equates to $69.495 per share, for a Stake of 0.98% in the company. Berkshire Hathaway has achieved a 10.2% Average Return over the past 10 years. Additionally, under Buffett's leadership, shares of Berkshire averaged a 21.4% compounded annual gain in per-share book value from 1965 to 2006. As you many of you may know, correction - should know*, Buffett studied under the legendary Benjamin Graham, the original proponent of value investing. The goal of value investing is to purchase great companies trading at a discount in comparison to their intrinsic value and hold them for a long period of time.

NOV closed at $69.67 today, it's safe to assume Buffett and Berkshire are in this investment for the long-run. Based on 23 analysts offering Price Targets, the Median Target is $90.00 which represents an increase of 29.18%, with a High Target of $126 or 80.85% increase, and a Low Target of $71 or 1.91% increase. In the current month, 9 analysts recommend Strong Buy, 16 recommend Buy, and 4 recommend Hold. (Source: Yahoo Finance, Financial Times, Thomson Reuters)

I am Long NOV and BRK-B.

Featured Broker Partners


Advertisement