National-Oilwell Varco, Inc. (NYSE:NOV) to Issue $0.05 Quarterly Dividend

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National-Oilwell Varco, Inc. (NYSE:NOV) announced a quarterly dividend on Thursday, November 14th, RTT News reports. Investors of record on Friday, December 6th will be given a dividend of 0.05 per share by the oil and gas exploration company on Friday, December 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, December 5th.

NOV stock opened at $23.05 on Tuesday. The business has a fifty day moving average price of $22.09 and a 200 day moving average price of $21.56. National-Oilwell Varco has a fifty-two week low of $18.05 and a fifty-two week high of $33.37. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of -288.13, a P/E/G ratio of 8.51 and a beta of 1.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.86 and a quick ratio of 1.75.

National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings data on Monday, October 28th. The oil and gas exploration company reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.76). The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.17 billion. National-Oilwell Varco had a negative net margin of 66.29% and a negative return on equity of 2.82%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts expect that National-Oilwell Varco will post 0.18 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the company. Johnson Rice upgraded National-Oilwell Varco from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Cowen increased their price objective on shares of National-Oilwell Varco from $24.00 to $26.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Morgan Stanley lowered their price objective on shares of National-Oilwell Varco from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th. Susquehanna Bancshares raised shares of National-Oilwell Varco from a “neutral” rating to a “positive” rating and set a $25.00 target price for the company in a research note on Monday, August 12th. Finally, Citigroup reduced their target price on shares of National-Oilwell Varco from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.72.

In other news, VP Scott K. Duff sold 6,000 shares of National-Oilwell Varco stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $23.51, for a total transaction of $141,060.00. Following the completion of the sale, the vice president now owns 42,721 shares in the company, valued at approximately $1,004,370.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.92% of the stock is currently owned by company insiders.

National-Oilwell Varco Company Profile

National Oilwell Varco, Inc designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. It operates in three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment offers various equipment and technologies used to perform drilling operations.

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Dividend History for National-Oilwell Varco (NYSE:NOV)

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