Company Update (NYSE:NOV): National-Oilwell Varco, Inc. Declares Regular Quarterly Dividend
National-Oilwell Varco, Inc. (NYSE:NOV) announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on December 18, 2015 to each stockholder of record on December 4, 2015. (Original Source)
Shares of National-Oilwell Varco closed yesterday at $37.77. NOV has a 1-year high of $74.20 and a 1-year low of $34.54. The stock’s 50-day moving average is $38.59 and its 200-day moving average is $43.18.
On the ratings front, National-Oilwell Varco has been the subject of a number of recent research reports. In a report issued on September 4, Credit Suisse analyst James Wicklund maintained a Sell rating on NOV, with a price target of $33, which represents a potential downside of 12.6% from where the stock is currently trading. Separately, on August 26, J.P. Morgan’s Sean Meakim upgraded the stock to Hold .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, James Wicklund and Sean Meakim have a total average return of -5.0% and -4.9% respectively. Wicklund has a success rate of 33.3% and is ranked #3376 out of 3840 analysts, while Meakim has a success rate of 0.0% and is ranked #2758.
National Oilwell Varco Inc is a provider in the design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations, and the provision of oilfield services to the upstream oil and gas industry.