National Oilwell Varco (NYSE:NOV) has been assigned an average recommendation of “Hold” from the thirty-two ratings firms that are covering the stock. Five analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $34.71.

Several equities analysts have commented on the stock. Jefferies Group reissued a “hold” rating and set a $33.00 target price (up from $30.00) on shares of National Oilwell Varco in a research report on Monday, July 11th. Howard Weil increased their target price on shares of National Oilwell Varco from $32.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 15th. Vetr raised shares of National Oilwell Varco from a “buy” rating to a “strong-buy” rating and set a $37.96 target price on the stock in a research report on Wednesday, June 15th. Scotiabank reissued a “sector perform” rating and set a $37.00 target price (up from $32.00) on shares of National Oilwell Varco in a research report on Wednesday, June 15th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating on shares of National Oilwell Varco in a research report on Tuesday, July 5th.

National Oilwell Varco (NYSE:NOV) opened at 36.84 on Wednesday. The company’s market capitalization is $13.91 billion. National Oilwell Varco has a 12-month low of $25.74 and a 12-month high of $40.97. The stock’s 50 day moving average price is $34.49 and its 200 day moving average price is $32.91.

National Oilwell Varco (NYSE:NOV) last posted its earnings results on Thursday, July 28th. The oil and gas exploration company reported ($0.30) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.80 billion. National Oilwell Varco had a negative net margin of 17.14% and a positive return on equity of 1.83%. The business’s quarterly revenue was down 55.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. On average, equities research analysts anticipate that National Oilwell Varco will post ($0.92) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Wednesday, September 14th. National Oilwell Varco’s dividend payout ratio is presently -4.40%.

In other National Oilwell Varco news, VP Scott K. Duff sold 3,181 shares of National Oilwell Varco stock in a transaction on Monday, August 8th. The shares were sold at an average price of $33.40, for a total transaction of $106,245.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in National Oilwell Varco by 21.7% in the second quarter. Vanguard Group Inc. now owns 35,511,716 shares of the oil and gas exploration company’s stock worth $1,194,969,000 after buying an additional 6,330,248 shares in the last quarter. Dodge & Cox boosted its position in shares of National Oilwell Varco by 19.8% in the second quarter. Dodge & Cox now owns 31,881,470 shares of the oil and gas exploration company’s stock worth $1,072,811,000 after buying an additional 5,258,750 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of National Oilwell Varco by 3.5% in the second quarter. First Eagle Investment Management LLC now owns 22,827,516 shares of the oil and gas exploration company’s stock worth $768,146,000 after buying an additional 770,857 shares in the last quarter. State Street Corp boosted its position in shares of National Oilwell Varco by 2.7% in the first quarter. State Street Corp now owns 20,025,837 shares of the oil and gas exploration company’s stock worth $622,810,000 after buying an additional 527,616 shares in the last quarter. Finally, Harris Associates L P boosted its position in shares of National Oilwell Varco by 15.3% in the second quarter. Harris Associates L P now owns 13,846,836 shares of the oil and gas exploration company’s stock worth $465,946,000 after buying an additional 1,841,631 shares in the last quarter. 94.11% of the stock is owned by hedge funds and other institutional investors.

National Oilwell Varco Company Profile

National Oilwell Varco, Inc (NOV) is engaged in providing design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations. The Company operates through four segments: Rig Systems, which makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore; Rig Aftermarket, which provides aftermarket products and services to support land and offshore rigs, and drilling rig components manufactured by the Company’s Rig Systems segment; Wellbore Technologies, which sells and rents solids control equipment, and provides solids control, waste management and drilling fluids services, and Completion & Production Solutions, which provides technologies for well completions and oil and gas production.

5 Day Chart for NYSE:NOV

Receive News & Stock Ratings for National Oilwell Varco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Oilwell Varco and related stocks with our FREE daily email newsletter.