Todays Report: Today, National Oilwell Varco (NOV) To Go Ex-Dividend on November 30th

Today, National Oilwell Varco (NOV) To Go Ex-Dividend on November 30th

National Oilwell Varco (NYSE:NOV) declared a quarterly dividend on Thursday, November 17th. Shareholders 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 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, November 30th.

National Oilwell Varco (NYSE:NOV) opened at 35.53 on Tuesday. The firm has a 50-day moving average of $34.98 and a 200 day moving average of $34.02. The firm’s market cap is $13.42 billion. National Oilwell Varco has a 52-week low of $25.74 and a 52-week high of $38.55.

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

A number of equities analysts have recently issued reports on the stock. Jefferies Group reiterated a “hold” rating on shares of National Oilwell Varco in a research report on Wednesday, November 16th. Citigroup Inc. upgraded shares of National Oilwell Varco from a “sell” rating to a “neutral” rating and upped their target price for the stock from $30.00 to $33.00 in a research report on Monday, November 7th. Societe Generale upgraded shares of National Oilwell Varco from a “sell” rating to a “hold” rating and upped their target price for the stock from $32.10 to $35.00 in a research report on Monday, October 31st. Zacks Investment Research lowered shares of National Oilwell Varco from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of National Oilwell Varco in a research report on Friday, August 19th. Three 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 stock. National Oilwell Varco presently has an average rating of “Hold” and an average target price of $34.67.

Several institutional investors have recently modified their holdings of NOV. Price T Rowe Associates Inc. MD raised its position 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 valued at $25,574,000 after buying an additional 28,260 shares during the last quarter. Credit Suisse AG raised its position 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 valued at $37,902,000 after buying an additional 78,855 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of National Oilwell Varco during the third quarter valued at $218,000. Cetera Advisor Networks LLC raised its position 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 valued at $292,000 after buying an additional 1,294 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in shares of National Oilwell Varco during the third quarter valued at $814,000. 92.25% of the stock is currently owned by institutional investors.

National Oilwell Varco Company Profile

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