National-Oilwell Varco, Inc. Announces Quarterly Dividend of $0.46 (NOV)
National-Oilwell Varco (NYSE:NOV) announced a quarterly dividend on Thursday, August 14th, ARN reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.46 per share on Friday, September 26th. This represents a $1.84 annualized dividend and a dividend yield of 2.25%.
NOV has been the subject of a number of recent research reports. Analysts at Susquehanna raised their price target on shares of National-Oilwell Varco from $84.00 to $96.00 in a research note on Thursday, July 31st. On the ratings front, analysts at Global Hunter Securities raised their price target on shares of National-Oilwell Varco from $3.00 to $83.00 in a research note on Thursday, July 31st. Finally, analysts at Morgan Stanley raised their price target on shares of National-Oilwell Varco from $88.00 to $90.00 in a research note on Thursday, July 31st. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. National-Oilwell Varco presently has an average rating of “Buy” and a consensus price target of $92.09.
Shares of National-Oilwell Varco (NYSE:NOV) opened at 82.22 on Thursday. National-Oilwell Varco has a 52-week low of $63.4626 and a 52-week high of $86.41. The stock’s 50-day moving average is $83.18 and its 200-day moving average is $74.39. The company has a market cap of $35.374 billion and a P/E ratio of 14.03.
National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Tuesday, July 29th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.44 by $0.17. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts expect that National-Oilwell Varco will post $6.01 EPS for the current fiscal year.
National Oilwell Varco, Inc is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
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