National Oilwell Varco (NYSE:NOV) was down 1.3% on Monday . The company traded as low as $32.17 and last traded at $32.18, with a volume of 1,510,411 shares changing hands. The stock had previously closed at $32.59.

A number of equities research analysts have weighed in on NOV shares. Nomura Holdings Inc. started coverage on National Oilwell Varco in a report on Friday, April 8th. They set a “neutral” rating and a $29.00 price objective on the stock. Vetr raised National Oilwell Varco from a “buy” rating to a “strong-buy” rating and set a $35.67 price objective on the stock in a report on Monday, May 9th. Goldman Sachs Group Inc. decreased their price objective on National Oilwell Varco from $31.00 to $29.00 in a report on Tuesday, April 12th. Morgan Stanley lifted their price objective on National Oilwell Varco from $35.00 to $39.00 and gave the company an “underweight” rating in a report on Tuesday, April 19th. Finally, Barclays PLC downgraded National Oilwell Varco from an “overweight” rating to an “equal weight” rating and set a $33.00 price objective on the stock. in a report on Wednesday, April 20th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $35.41.

The firm has a 50-day moving average price of $33.68 and a 200 day moving average price of $31.49. The company’s market capitalization is $12.51 billion.

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

The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were given a $0.05 dividend. The ex-dividend date was Wednesday, June 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%.

Other hedge funds recently modified their holdings of the company. Greylin Investment Mangement Inc. bought a new stake in shares of National Oilwell Varco during the fourth quarter worth $1,042,000. Pitcairn Co. increased its position in National Oilwell Varco by 89.3% in the fourth quarter. Pitcairn Co. now owns 36,596 shares of the oil and gas exploration company’s stock valued at $1,226,000 after buying an additional 17,264 shares during the last quarter. Victory Capital Management Inc. increased its position in National Oilwell Varco by 36.9% in the fourth quarter. Victory Capital Management Inc. now owns 40,288 shares of the oil and gas exploration company’s stock valued at $1,349,000 after buying an additional 10,868 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in National Oilwell Varco by 120.0% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 40,434 shares of the oil and gas exploration company’s stock valued at $1,354,000 after buying an additional 22,055 shares during the last quarter. Finally, BP PLC acquired a new position in National Oilwell Varco during the fourth quarter valued at about $1,407,000.

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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