National Oilwell Varco (NYSE:NOV)’s share price rose 6.2% on Tuesday . The stock traded as high as $34.20 and last traded at $34.19, with a volume of 1,754,815 shares changing hands. The stock had previously closed at $32.19.

NOV has been the topic of several analyst reports. Vetr raised National Oilwell Varco from a “buy” rating to a “strong-buy” rating and set a $35.67 target price on the stock in a research note on Monday, May 9th. Credit Suisse Group AG reissued a “sell” rating on shares of National Oilwell Varco in a research note on Tuesday, April 12th. Morgan Stanley increased their target price on National Oilwell Varco from $35.00 to $39.00 and gave the company an “underweight” rating in a research note on Tuesday, April 19th. Goldman Sachs Group Inc. reissued a “neutral” rating on shares of National Oilwell Varco in a research note on Tuesday, July 5th. Finally, KLR Group reissued a “buy” rating and issued a $52.00 target price on shares of National Oilwell Varco in a research note on Sunday, May 1st. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. National Oilwell Varco presently has an average rating of “Hold” and a consensus target price of $35.41.

The company has a 50-day moving average price of $33.61 and a 200-day moving average price of $31.48. The company’s market cap is $12.83 billion.

National Oilwell Varco (NYSE:NOV) last issued its quarterly earnings data on Thursday, April 28th. The oil and gas exploration company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. During the same period in the prior year, the firm posted $1.14 earnings per share. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $335.85 million. The business’s revenue for the quarter was down 54.6% on a year-over-year basis. Equities research analysts forecast that National Oilwell Varco will post ($0.98) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Wednesday, June 8th.

Several institutional investors have added to or reduced their stakes in NOV. Vanguard Group Inc. raised its position in National Oilwell Varco by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 23,306,180 shares of the oil and gas exploration company’s stock valued at $780,524,000 after buying an additional 69,123 shares in the last quarter. BOKF NA raised its position in National Oilwell Varco by 2.4% in the fourth quarter. BOKF NA now owns 50,044 shares of the oil and gas exploration company’s stock valued at $1,676,000 after buying an additional 1,194 shares in the last quarter. Swiss National Bank raised its position in National Oilwell Varco by 0.6% in the fourth quarter. Swiss National Bank now owns 696,447 shares of the oil and gas exploration company’s stock valued at $23,324,000 after buying an additional 4,400 shares in the last quarter. Harris Associates L P raised its position in National Oilwell Varco by 5.8% in the fourth quarter. Harris Associates L P now owns 9,660,015 shares of the oil and gas exploration company’s stock valued at $323,514,000 after buying an additional 528,619 shares in the last quarter. Finally, Buckhead Capital Management LLC raised its position in National Oilwell Varco by 50.0% in the fourth quarter. Buckhead Capital Management LLC now owns 81,591 shares of the oil and gas exploration company’s stock valued at $2,732,000 after buying an additional 27,205 shares in the last quarter.

National Oilwell Varco, Inc (NOV) is engaged in providing design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations. The Company also provides oilfield services to the upstream oil and gas industry. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion & Production Solutions.

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