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.


Player Avatar WhateverTrader (98.89) Submitted: 1/3/2013 5:01:28 PM : Outperform Start Price: $47.75 NOV Score: +29.05

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:
...or here...

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.

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