National Oilwell Varco (NYSE:NOV) declared a quarterly dividend on Thursday, November 17th. Investors of record on Friday, December 2nd will be given a dividend of 0.05 per share by the oil and gas exploration company on Friday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, November 30th.

National Oilwell Varco (NYSE:NOV) opened at 36.35 on Friday. National Oilwell Varco has a 1-year low of $25.74 and a 1-year high of $38.55. The firm’s market capitalization is $13.73 billion. The company’s 50-day moving average price is $35.09 and its 200-day moving average price is $33.94.

National Oilwell Varco (NYSE:NOV) last released its quarterly earnings results on Thursday, October 27th. The oil and gas exploration company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.28) by $0.06. National Oilwell Varco had a negative net margin of 38.90% and a negative return on equity of 0.71%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts expect that National Oilwell Varco will post ($1.00) earnings per share for the current fiscal year.

Dividend History for National Oilwell Varco (NYSE:NOV)

Several large investors have recently modified their holdings of NOV. Price T Rowe Associates Inc. MD increased its stake in shares of National Oilwell Varco by 4.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 696,067 shares of the oil and gas exploration company’s stock worth $25,574,000 after buying an additional 28,260 shares during the last quarter. Credit Suisse AG increased its stake in shares of National Oilwell Varco by 8.3% in the third quarter. Credit Suisse AG now owns 1,031,618 shares of the oil and gas exploration company’s stock worth $37,902,000 after buying an additional 78,855 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of National Oilwell Varco during the third quarter worth about $218,000. Cetera Advisor Networks LLC increased its stake in shares of National Oilwell Varco by 19.5% in the third quarter. Cetera Advisor Networks LLC now owns 7,940 shares of the oil and gas exploration company’s stock worth $292,000 after buying an additional 1,294 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of National Oilwell Varco during the third quarter worth about $814,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on NOV. Citigroup Inc. downgraded National Oilwell Varco from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $37.00 to $30.00 in a report on Monday, October 3rd. Zacks Investment Research downgraded National Oilwell Varco from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th. Jefferies Group reiterated a “hold” rating on shares of National Oilwell Varco in a report on Wednesday, November 16th. Seaport Global Securities reiterated a “neutral” rating on shares of National Oilwell Varco in a report on Friday, August 19th. Finally, Nomura set a $29.00 price objective on National Oilwell Varco and gave the stock a “hold” rating in a report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $34.67.

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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

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