National Oilwell Varco, Inc. (NYSE:NOV) is expected to pay $0.05 on Dec 16, 2016. The indicated annual dividend is $0.20. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on National Oilwell Varco, Inc.’s current price of $35.53, the dividend is 0.14%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 17, 2016. The stock decreased 1.14% or $0.41 during the last trading session, hitting $35.53. About 150 shares traded hands. National-Oilwell Varco, Inc. (NYSE:NOV) has risen 20.97% since April 26, 2016 and is uptrending. It has outperformed by 15.71% the S&P500.
National Oilwell Varco, Inc. is engaged in providing design, manufacture and sale of equipment and components used in gas and oil drilling, completion and production operations. The company has a market cap of $13.27 billion. The Firm operates through four divisions: Rig Systems, which makes and supports the capital equipment and integrated systems needed to drill gas and oil wells on land and offshore; Rig Aftermarket, which provides aftermarket services and products 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 gas and oil production. It currently has negative earnings. The Firm also provides oilfield services to the upstream gas and oil industry.
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.07, from 0.95 in 2016Q1. The ratio worsened, as 67 funds sold all National-Oilwell Varco, Inc. shares owned while 211 reduced positions. 67 funds bought stakes while 198 increased positions. They now own 354.18 million shares or 3.12% less from 365.59 million shares in 2016Q1.
Smith Asset Gru Ltd Partnership reported 2,100 shares or 0% of all its holdings. Calamos Advsrs Lc accumulated 0.01% or 56,184 shares. Kempner Mngmt has 64,668 shares for 1.4% of their US portfolio. South Dakota Investment Council last reported 314,785 shares in the company. Advsr Asset Mgmt Incorporated reported 199,067 shares or 0.11% of all its holdings. Alexandria Capital Ltd Liability Corporation has invested 0% of its portfolio in National-Oilwell Varco, Inc. (NYSE:NOV). Oppenheimer holds 125,911 shares or 0.13% of its portfolio. Rice Hall James And Assoc Ltd Liability Company has 13,026 shares for 0.03% of their US portfolio. Teacher Retirement System Of Texas holds 26,832 shares or 0.01% of its portfolio. Tokio Marine Asset has 11,037 shares for 0.04% of their US portfolio. Bedrijfstakpensioenfonds Voor De Media Pno holds 18,000 shares or 0.08% of its portfolio. Paloma Partners Mgmt has 0.01% invested in the company for 40,123 shares. Exxonmobil Invest Mgmt Tx accumulated 97,602 shares or 0.07% of the stock. Next Gp Incorporated holds 0.13% or 12,399 shares in its portfolio. Federated Investors Pa holds 0.14% or 1.45 million shares in its portfolio.
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 1 insider sale for $106,260 net activity. Duff Scott K. had sold 3,181 shares worth $106,260 on Friday, August 5.
National-Oilwell Varco, Inc. (NYSE:NOV) Ratings Coverage
Out of 24 analysts covering National Oilwell Varco (NYSE:NOV), 6 rate it a “Buy”, 4 “Sell”, while 14 “Hold”. This means 25% are positive. National Oilwell Varco has been the topic of 60 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America to “Neutral” on Friday, July 31. The stock of National-Oilwell Varco, Inc. (NYSE:NOV) earned “Underweight” rating by JP Morgan on Wednesday, August 26. On Wednesday, August 5 the stock rating was downgraded by Argus Research to “Hold”. The company was maintained on Thursday, July 30 by FBR Capital. The firm has “Neutral” rating by Susquehanna given on Wednesday, March 9. The firm has “Buy” rating given on Monday, November 30 by Guggenheim. As per Tuesday, September 22, the company rating was upgraded by Vetr. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. The stock of National-Oilwell Varco, Inc. (NYSE:NOV) has “Sell” rating given on Wednesday, May 4 by Societe Generale. The stock has “Neutral” rating given by Citigroup on Monday, November 7.
NOV Company Profile
National Oilwell Varco, Inc. (NOV), incorporated on July 14, 1995, is engaged in providing design, manufacture and sale of equipment and components used in gas and oil drilling, completion and production operations. The Firm operates through four divisions: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions. The Firm also provides oilfield services to the upstream gas and oil industry. The Firm conducts activities in approximately 830 locations across the world.
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