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National Oilwell Varco, Inc. (NOV)

- NYSE
  • Dec. 4, 2012, 8:13 AM
    An investigation by shipyard owner SembCorp Marine finds a braking system failure on one of the movable legs was the cause of Monday’s jack-up tilt that injured 89 workers. The rig involved in the incident was identified as the Noble 1 by contractor National Oilwell Varco (NOV), which had workers on board at the time.
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  • Nov. 26, 2012, 12:26 PM
    Raymond James doesn't seem impressed by Cameron's (CAM -1.4%) $275M order from South Korea’s STX Offshore & Shipbuilding. "It is still a bit early to get excited" by CAM's award, the firm says; while National Oilwell Varco (NOV -1.8%) likely will maintain its dominant market position in drilling equipment, the impact of the STX deal on CAM’s balance sheet “could be fairly significant."
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  • Nov. 15, 2012, 9:22 AM
    National Oilwell Varco, Inc. (NOV) declares $0.13/share quarterly dividend, 8.3% increase from prior dividend of $0.12. Forward yield 0.73%. For shareholders of record Dec. 7. Payable Dec. 21. Ex-div Dec. 5. (PR)
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  • Nov. 14, 2012, 8:16 PM
    Warren Buffett's Berkshire Hathaway discloses several changes to its portfolio, including a stake in Deere & Co. (DE) and selling off 5.3M shares of CVS Caremark (CVS). Firm also added to its existing investments in: Wells Fargo (WFC), Bank of New York Mellon Corp. (BK), General Motors (GM), DirecTV (DTV), DaVita (DVA), National Oilwell Varco (NOV) and Viacom (VIAB). It reduced stakes in: Johnson & Johnson (JNJ), Kraft Foods (KRFT), Lee Enterprises (LEE), Procter & Gamble (PG) and US Bancorp (USB). (13-F)
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  • Nov. 2, 2012, 10:58 AM
    T. Boone Pickens sees natural gas prices rising to $4.50 or $5 in the next year and perhaps $6 by 2015, and suggests two energy favorites: National Oilwell Varco (NOV), due to its huge shale opportunity for development with support remaining for oil domestically and internationally, and Pioneer Natural Resources (PXD), pointing to its 900K acres of assets, particularly in the Permian basin.
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  • Oct. 25, 2012, 12:27 PM
    National Oilwell Varco (NOV -4.1%) posted better than expected Q3 profits and enjoyed solid demand for deepwater equipment, but shares are down sharply on worries about the stalled U.S. land drilling market. Demand for NOV's products and services continued to grow in international markets, but softened in North America, which accounts for half its revenue.
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  • Oct. 25, 2012, 9:17 AM
    National Oilwell Varco (NOV): Q3 EPS of $1.52 beats by $0.01. Revenue of $5.32B (+42.2% Y/Y) in-line. (PR)
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  • Oct. 25, 2012, 12:05 AM
    Notable earnings before Thursday’s open: ABB, AET, AUO, AVT, AZN, BEN, BG, BIIB, CAB, CCE, CELG, CL, CME, CMS, CNX, COP, CRR, CS, CVE, D, DBD, DDD, DNKN, EQT, GG, GTI, HERO, HOT, HSY, IMAX, IP, JBLU, JNS, LINE, LKQ, MCK, MJN, MO, MYL, NBL, NOV, NS, NVS, NXPI, NYT, O, ORI, OXY, PCAR, PCP, PDS, PG, PHM, POT, PTEN, RCL, ROC, RTN, RYN, S, SHW, SPG, SWI, TKR, TSM, TZOO, UA, UAL, VLY, VPHM, XEL, ZMH
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  • Oct. 24, 2012, 5:30 PM
    Notable earnings before Thursday’s open: ABB, AET, AUO, AVT, AZN, BEN, BG, BIIB, CAB, CCE, CELG, CL, CME, CMS, CNX, COP, CRR, CS, CVE, D, DBD, DDD, DNKN, EQT, GG, GTI, HERO, HOT, HSY, IMAX, IP, JBLU, JNS, LINE, LKQ, MCK, MJN, MO, MYL, NBL, NOV, NS, NVS, NXPI, NYT, O, ORI, OXY, PCAR, PCP, PDS, PG, PHM, POT, PTEN, RCL, ROC, RTN, RYN, S, SHW, SPG, SWI, TKR, TSM, TZOO, UA, UAL, VLY, VPHM, XEL, ZMH
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  • Oct. 22, 2012, 12:24 PM
    National Oilwell Varco (NOV +0.5%) is poised to grow rapidly in the next few years, according to a weekend Barron's report. "You're looking at a $100 stock in two years," one analyst says, and NOV should trade at a premium to smaller firms such as CAM and FTI in light of its strong earnings visibility, 6%-8% free-cash-flow yield and prime market position.
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  • Oct. 10, 2012, 8:18 AM
    National Oilwell Varco (NOV) and Robbins & Myers (RBN) receive a request from the Justice Department for further information and documents related to their proposed $2.5B merger. The DOJ request is in line with its oversight duties under the Hart-Scott-Rodino Antitrust Improvements Act.
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  • Oct. 3, 2012, 11:18 AM
    National Oilwell Varco (NOV -1%) is resumed with a Buy rating at Goldman Sachs, which calls NOV a key beneficiary of the current rig newbuild cycle. Also, Goldman expects above-expectation growth as NOV makes additional acquisitions and enhances value through its superior manufacturing expertise and industry-leading distribution.
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  • Sep. 19, 2012, 5:48 PM
    A fat-finger error was the cause of unusual trading activity yesterday afternoon in Rowan (RDC), National Oilwell Varco (NOV) and five other oil-related stocks, WSJ reports. This sort of quirky action isn’t as rare as one might think; Nasdaq canceled some trades of Tyco (TYC) in a separate incident today, and a flash crash in crude oil prices occurred Monday.
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  • Sep. 11, 2012, 9:58 AM
    Aging fleets and new safety requirements are sparking a boom in orders for deep-sea drilling rigs and related equipment, boosting the profits of companies such as National Oilwell Varco (NOV) and Cameron (CAM) that make the equipment. Just yesterday (III), Transocean (RIG) and Rowan (RDC) made arrangements for new rigs to be equipped with dual blowout preventers.
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  • Sep. 10, 2012, 11:31 AM
    A move by Petrobras (PBR -1%) to seek a partner to invest in its U.S. offshore deepwater oil fields suggests PBR has figured out how to extract oil from the difficult site in the Gulf of Mexico. The news could be a positive for National Oilwell Varco (NOV -0.3%), which has been acquiring companies that make parts for FPSO vessels PBR has deployed off Brazil and West Africa.
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  • Aug. 22, 2012, 5:08 PM
    Conditions are ripe for large oilfield service and equipment companies - think HAL, SLB, NOV, CAM, FTI - to continue to snap up smaller firms and assets, Barclays says, citing new regulations encouraging high-specification equipment, operator demand for equipment capable of increasing efficiencies, and the ongoing build-out in offshore markets. (also)
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Company Description
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.