National Oilwell Varco(NOV) is having a Dividend Yield of 0.49% with the Annual cash Dividend per share of $0.61. The last quarter cash dividend per share pay out was $0.05. National Oilwell Varco has a 5 year average dividend yield of 2.13% and the stock has a Indicated annual dividend of $0.2. National Oilwell Varco(NOV) formally announced its most recent dividend on November 17, 2016 with a Dividend per share of $0.05. The new indicated annual dividend based on announced dividend per share is $0.2. The dividend yield based on the forward looking indicated annual dividend is 0.49%. The 5 year historical dividend growth of National Oilwell Varco(NOV) is at the rate of -0.19% while the R-Squared dividend growth is 0. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
National Oilwell Varco, Inc. (NYSE:NOV) witnessed a decline in the market cap on Thursday as its shares dropped 0.45% or 0.18 points. After the session commenced at $40.56, the stock reached the higher end at $40.8 while it hit a low of $40.06. With the volume soaring to 2,651,375 shares, the last trade was called at $40.24. The company has a 52-week high of $43.63. The company has a market cap of $15,198 million and there are 377,683,620 shares in outstanding. The 52-week low of the share price is $26.86. Shares of National Oilwell Varco, Inc. rose by 3.21% in the last five trading days and 7.54% for the last 4 weeks. National Oilwell Varco, Inc. is up 11.82% in the last 3-month period. Year-to-Date the stock performance stands at 7.48%.
Currently the company Insiders own 0.17% of National Oilwell Varco, Inc. shares according to the proxy statements. Institutional Investors own 94.98% of National Oilwell Varco, Inc. shares. Company has reported several Insider transactions to the SEC, on Aug 8, 2016, Scott K. Duff (VP Cntrlr Chf Acctg Offcr) sold 3,181 shares at 33.40 per share price.On Nov 10, 2015, David D Harrison (director) sold 16,352 shares at 38.79 per share price.On Apr 30, 2015, Greg L Armstrong (director) sold 5,736 shares at 54.49 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by FBR & Co. on Feb 16, 2017 to Outperform, Raises Price Target to $ 48 from a previous price target of $38 .National-Oilwell Varco was Upgraded by Credit Suisse to Neutral on Feb 8, 2017. National-Oilwell Varco was Initiated by SunTrust to Hold on Jan 18, 2017. National-Oilwell Varco was Downgraded by Johnson Rice to Hold on Dec 9, 2016. National-Oilwell Varco was Downgraded by Seaport Global Securities on Dec 1, 2016 to Sell, Price Target of the shares are set at $34.
National-Oilwell Varco Last issued its quarterly earnings results on Feb 6, 2017. The company reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.13. Analyst had a consensus of $-0.28. The company had revenue of $1692.00 million for the quarter, compared to analysts expectations of $1625.57 million. The companys revenue was down -37.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.
National-Oilwell is a worldwide leader in the design, manufacture and sale of machinery and equipment and in the distribution of maintenance, repair and operating products used in oil and gas drilling and production. The Companys machinery and equipment include drawworks, mud pumps and power swivels, which are the major mechanical components of rigs used to drill oil and gas wells. Many of these components are designed specifically for applications in offshore, extended reach and deep land drilling.