National-Oilwell Varco, Inc. (NOV) To Go Ex-Dividend on December 5th

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

NOV stock opened at $23.05 on Tuesday. The firm has a 50 day moving average of $22.09 and a 200-day moving average of $21.56. The company has a current ratio of 2.86, a quick ratio of 1.75 and a debt-to-equity ratio of 0.31. National-Oilwell Varco has a 12 month low of $18.05 and a 12 month high of $33.37. The firm has a market capitalization of $8.70 billion, a P/E ratio of -288.13, a price-to-earnings-growth ratio of 8.51 and a beta of 1.33.

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

A number of analysts recently weighed in on NOV shares. Morgan Stanley decreased their price target on shares of National-Oilwell Varco from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. Susquehanna Bancshares upgraded National-Oilwell Varco from a “neutral” rating to a “positive” rating and set a $25.00 target price on the stock in a research report on Monday, August 12th. Goldman Sachs Group raised National-Oilwell Varco from a “neutral” rating to a “buy” rating and upped their target price for the company from $29.00 to $33.00 in a report on Wednesday, October 30th. Societe Generale raised National-Oilwell Varco from a “neutral” rating to a “positive” rating and set a $25.00 price target for the company in a research note on Monday, August 12th. Finally, Johnson Rice raised shares of National-Oilwell Varco from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. The company presently 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 dated 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 directly owns 42,721 shares in the company, valued at $1,004,370.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.92% of the stock is owned by company insiders.

About National-Oilwell Varco

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.

Further Reading: What are retained earnings?

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

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