National Oilwell Varco (NYSE:NOV)’s share price traded down 1.6% on Friday . The stock traded as low as $34.60 and last traded at $34.63, with a volume of 1,346,200 shares trading hands. The stock had previously closed at $35.20.

Several equities analysts recently weighed in on the company. Scotiabank restated a “sector perform” rating and issued a $37.00 price target (up previously from $32.00) on shares of National Oilwell Varco in a research note on Wednesday, June 15th. Vetr upgraded National Oilwell Varco from a “buy” rating to a “strong-buy” rating and set a $37.96 price target for the company in a research note on Wednesday, June 15th. Johnson Rice upgraded National Oilwell Varco from a “hold” rating to an “accumulate” rating in a research note on Friday, July 29th. FBR & Co cut their price target on National Oilwell Varco from $55.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, May 5th. Finally, Jefferies Group restated a “hold” rating and issued a $33.00 price target (up previously from $30.00) on shares of National Oilwell Varco in a research note on Monday, July 11th. Five investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $34.67.

The firm’s market cap is $13.04 billion. The company’s 50-day moving average is $33.43 and its 200-day moving average is $32.05.

National Oilwell Varco (NYSE:NOV) last released its earnings results on Thursday, July 28th. The oil and gas exploration company reported ($0.30) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.02. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm earned $1.72 billion during the quarter, compared to analysts’ expectations of $1.80 billion. The firm’s revenue was down 55.9% on a year-over-year basis. On average, equities research analysts expect that National Oilwell Varco will post ($0.92) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%.

In other National Oilwell Varco news, VP Scott K. Duff sold 3,181 shares of National Oilwell Varco stock in a transaction on Monday, August 8th. The shares were sold at an average price of $33.40, for a total value of $106,245.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Other institutional investors recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of 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 worth $1,349,000 after buying an additional 10,868 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of National Oilwell Varco by 102.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 318,389 shares of the oil and gas exploration company’s stock worth $10,663,000 after buying an additional 160,748 shares during the period. Bank of Montreal Can raised its position in shares of National Oilwell Varco by 179.0% in the fourth quarter. Bank of Montreal Can now owns 357,868 shares of the oil and gas exploration company’s stock worth $11,985,000 after buying an additional 229,594 shares during the period. Principal Financial Group Inc. raised its position in shares of National Oilwell Varco by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 576,260 shares of the oil and gas exploration company’s stock worth $19,299,000 after buying an additional 13,821 shares during the period. Finally, BlackRock Advisors LLC raised its position in shares of National Oilwell Varco by 22.9% in the fourth quarter. BlackRock Advisors LLC now owns 644,328 shares of the oil and gas exploration company’s stock worth $21,578,000 after buying an additional 119,988 shares during the period.

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 operates through four segments: Rig Systems, which makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore; Rig Aftermarket, which provides aftermarket products and services 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 oil and gas production.

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