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National Oilwell Varco Inc Stock Research

NOV

20.66USD+0.25(+1.22%)Delayedas of 20 Sep 2023, 03:41 pm
Watchlist

Market Summary

USD20.66+0.25
Delayedas of 20 Sep 2023, 03:41 pm
1.22%

NOV Alerts

  • Big jump in Earnings (Y/Y)

NOV Stock Price

NOV RSI Chart

NOV Valuation

Market Cap

8.0B

Price/Earnings (Trailing)

19.32

Price/Sales (Trailing)

1

EV/EBITDA

8.2

Price/Free Cashflow

-16.61

NOV Price/Sales (Trailing)

NOV Profitability

Operating Margin

20.01%

EBT Margin

5.46%

Return on Equity

6.33%

Return on Assets

3.26%

Free Cashflow Yield

-6.02%

NOV Fundamentals

NOV Revenue

Revenue (TTM)

8.0B

Revenue Y/Y

21.19%

Revenue Q/Q

6.68%

NOV Earnings

Earnings (TTM)

416.0M

Earnings Y/Y

124.64%

Earnings Q/Q

24%

Price Action

52 Week Range

14.0524.83
(Low)(High)

Last 7 days

-3.7%

Last 30 days

-1.0%

Last 90 days

30.4%

Trailing 12 Months

19.0%

NOV Financial Health

Current Ratio

2.35

Debt/Equity

0.34

Debt/Cashflow

-0.1

NOV Investor Care

Dividend Yield

0.98%

Dividend/Share (TTM)

0.2

Shares Dilution (1Y)

0.97%

Diluted EPS (TTM)

1.05

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for NOV

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-17
MATTSON ERIC L
acquired
-
-
12,000
-
2023-05-17
GUILL BEN A
acquired
-
-
12,000
-
2023-05-17
ARMSTRONG GREG L
acquired
-
-
12,000
-
2023-05-17
Welborn Robert S.
acquired
-
-
12,000
-
2023-05-17
Donadio Marcela E
acquired
-
-
12,000
-
2023-05-17
HARRISON DAVID D
acquired
-
-
12,000
-
2023-05-17
Thomas William R.
acquired
-
-
12,000
-
2023-02-28
MATTSON ERIC L
sold
-452,919
21.9002
-20,681
-
2023-02-27
Novak Christy Lynn
sold
-210,019
21.861
-9,607
vp, corp. controller, cao
2023-02-27
Novak Christy Lynn
acquired
81,060
15.00
5,404
vp, corp. controller, cao

1–10 of 50

Which funds bought or sold NOV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
reduced
-1.01
-260
1,572
-%
2023-08-23
WOLVERINE TRADING, LLC
new
-
369,235
369,235
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
added
24.23
50,259
707,364
0.01%
2023-08-21
OSAIC HOLDINGS, INC.
added
4.31
-53,869
507,857
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
10.27
-51,000
1,115,000
0.01%
2023-08-21
VESTOR CAPITAL, LLC
sold off
-100
-7,098,000
-
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-2.73
-1,438,660
7,721,380
0.01%
2023-08-21
BOKF, NA
unchanged
-
-1,075
6,977
-%
2023-08-16
GTS SECURITIES LLC
new
-
1,640,440
1,640,440
0.05%
2023-08-16
Nuveen Asset Management, LLC
reduced
-7.76
-8,127,440
32,368,600
0.01%

1–10 of 41

Latest Funds Activity

Are funds buying NOV calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own NOV
No. of Funds

Schedule 13G FIlings of National Oilwell Varco

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
hotchkis & wiley capital management llc
4.42%
17,357,305
SC 13G/A
Feb 10, 2023
vanguard group inc
10.00%
39,285,890
SC 13G/A
Feb 09, 2023
first eagle investment management, llc
9.46%
37,173,025
SC 13G/A
Feb 09, 2023
vanguard group inc
9.96%
39,115,992
SC 13G/A
Jan 24, 2023
blackrock inc.
9.5%
37,463,356
SC 13G/A
Jan 23, 2023
pzena investment management llc
7.52%
29,568,913
SC 13G/A
Nov 10, 2022
vanguard group inc
10.02%
39,370,823
SC 13G/A
Feb 11, 2022
hotchkis & wiley capital management llc
7.22%
28,191,545
SC 13G/A
Feb 09, 2022
state street corp
3.45%
13,494,607
SC 13G/A
Feb 01, 2022
blackrock inc.
8.7%
34,095,857
SC 13G

Recent SEC filings of National Oilwell Varco

View All Filings
Date Filed Form Type Document
Jul 27, 2023
8-K
Current Report
Jul 27, 2023
10-Q
Quarterly Report
Jun 26, 2023
11-K
Employee Benefit Details

Peers (Alternatives to National Oilwell Varco)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
469.7B
377.0B
6.62% 27.88%
9.08
1.25
3.30% 32.79%
312.2B
222.8B
3.92% 8.34%
10.35
1.4
3.16% 3.86%
85.9B
31.2B
4.14% 55.07%
21.81
2.75
25.73% 50.31%
60.4B
31.8B
2.72% 2.25%
4.68
1.64
-6.68% -38.20%
37.3B
22.4B
5.15% 47.15%
15.14
1.67
28.12% 72.02%
MID-CAP
8.9B
7.1B
12.02% 118.99%
-66.53
1.26
11.63% 45.70%
8.0B
8.0B
-1.02% 19.01%
19.32
1
30.72% 567.42%
7.3B
3.9B
4.58% 73.25%
29.07
1.87
12.88% 50.71%
6.2B
2.7B
-1.82% 174.49%
-6.14
2.31
5.94% -59.24%
4.4B
2.8B
7.73% 5.19%
11.06
1.56
60.56% 441.42%
SMALL-CAP
957.6M
365.3M
-0.28% 24.64%
51.27
2.62
8.22% 120.85%
523.1M
771.6M
8.18% 85.11%
67.56
0.68
19.12% 116.31%
247.4M
746.9M
-0.66% -0.12%
-38.55
0.33
21.14% 79.37%
-
828.3M
10.04% 110.27%
-
-
18.00% 57.31%
22.5M
22.1M
-23.76% 4.76%
8.02
1.02
36.41% 283.58%

National Oilwell Varco News

Benzinga
GRP and GRE Pipe Market [2023-2030 ] Size, Growth Report | CAGR at 7.23 percent.
Benzinga,
10 hours ago
InvestorsObserver
Digital Journal
InvestorsObserver
Dividend Investor
The Business Journals

Returns for NOV

Cumulative Returns on NOV

-10.7%


10-Year Cumulative Returns

-5.7%


7-Year Cumulative Returns

-13.4%


5-Year Cumulative Returns

20.6%


3-Year Cumulative Returns

Risks for NOV

What is the probability of a big loss on NOV?

99.6%


Probability that National Oilwell Varco stock will be more than 20% underwater in next one year

95.8%


Probability that National Oilwell Varco stock will be more than 30% underwater in next one year.

44.2%


Probability that National Oilwell Varco stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NOV drawdown profile look like?

Y-axis is the maximum loss one would have experienced if National Oilwell Varco was unfortunately bought at previous high price.

Drawdowns

Financials for National Oilwell Varco

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue4.8%8,017,000,0007,651,000,0007,237,000,0006,681,000,0006,133,000,0005,823,000,0005,524,000,0005,334,000,0005,377,000,0005,456,000,0006,090,000,0007,044,000,0007,786,000,0008,422,000,0008,479,000,0008,596,000,0008,624,000,0008,598,000,0008,453,000,0008,024,000,0007,705,000,000
Gross Profit9.7%1,679,000,0001,531,000,0001,334,000,0001,093,000,000910,000,000832,000,000774,000,000506,000,000460,000,000366,000,000434,000,000876,000,000888,000,000813,000,000845,000,000878,000,0001,120,000,0001,413,000,0001,444,000,0001,202,000,0001,094,000,000
  S&GA Expenses3.1%1,155,000,0001,120,000,0001,070,000,0001,006,000,000921,000,000899,000,000908,000,000926,000,000911,000,000929,000,000968,000,0001,022,000,0001,102,000,0001,282,000,0001,303,000,0001,336,000,0001,363,000,0001,249,000,0001,233,000,0001,189,000,0001,161,000,000
EBITDA-100.0%-802,000,000617,000,000444,000,000319,000,000232,000,000153,000,000-137,000,000-181,000,000-286,000,000-2,343,000,000-2,424,000,000-2,476,000,000-8,024,000,000-5,829,000,000-5,289,000,000-----
EBITDA Margin-100.0%-0.100.090.070.050.040.03-0.03-0.03-0.05-0.38-0.34-0.32-0.95-0.69-0.62-----
Interest Expenses2.5%82,000,00080,000,00078,000,00076,000,00076,000,00076,000,00077,000,00077,000,00079,000,00082,000,00084,000,00090,000,00094,000,00097,000,000100,000,00097,000,00096,000,00094,000,00093,000,00096,000,00098,000,000
Earnings Before Taxes25.8%526,000,000418,000,000238,000,00068,000,000-56,000,000-145,000,000-230,000,000-527,000,000-581,000,000-694,000,000-2,779,000,000-2,884,000,000-2,959,000,000-8,582,000,000-6,462,000,000-5,990,000,000-5,768,000,00019,000,00041,000,000-128,000,000-201,000,000
EBT Margin-100.0%-0.050.030.01-0.01-0.02-0.04-0.10-0.11-0.13-0.46-0.41-0.38-1.02-0.76-0.70-----
Net Income26.1%416,000,000330,000,000155,000,00012,000,000-89,000,000-181,000,000-250,000,000-553,000,000-539,000,000-603,000,000-2,542,000,000-2,576,000,000-2,765,000,000-8,062,000,000-6,088,000,000-5,691,000,000-5,446,000,000-38,000,000-31,000,000-57,000,000-84,000,000
Net Income Margin-100.0%-0.040.020.00-0.01-0.03-0.05-0.10-0.10-0.11-0.42-0.37-0.36-0.96-0.72-0.66-----
Free Cashflow100.0%--503,000,000-393,000,000-509,000,000-278,000,00017,000,00090,000,000251,000,000459,000,000653,000,000700,000,000973,000,000982,000,000533,000,000481,000,000225,000,000-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets2.6%10,44610,17710,1359,7619,7009,5539,5509,5679,6019,6729,92910,16810,44710,69013,14914,00514,34920,00219,79619,89319,758
  Current Assets3.5%5,6105,4225,4935,1795,0934,9494,9024,9394,9084,9965,2095,3765,5905,9026,1136,5156,7666,9387,2797,2217,008
    Cash Equivalents-23.5%5927741,0699981,2181,4061,5911,6681,5721,6071,6921,4851,4471,1151,1711,3131,1211,2701,4271,2931,137
  Inventory8.0%2,1992,0361,8131,7551,5911,4401,3311,3251,3221,3571,4081,7451,9292,0322,1972,5372,8583,1312,9863,1773,158
  Net PPE1.4%1,8391,8141,7811,7571,7611,8061,8231,8251,8711,8941,9271,9942,0102,0032,3542,3612,3562,6052,7972,8132,859
  Goodwill0%1,5491,5491,5051,5051,4981,5251,5271,4951,4951,4951,4931,4931,4931,5202,8073,2363,2066,2926,2646,3396,273
Liabilities1.6%4,9494,8695,0014,8314,7284,5434,4864,4894,4234,5224,6504,6284,9145,1365,3035,8765,8626,1625,9075,9175,790
  Current Liabilities3.3%2,3852,3082,4372,2472,1711,9791,9101,8531,8101,9341,8671,8841,9542,1632,2472,2762,2212,1032,3412,2762,194
    LT Debt, Current0%13.0013.0013.0010.0010.005.005.00--182-----------
    LT Debt, Non Current-0.2%1,7151,7191,7171,7201,7141,7091,7081,7041,6861,6691,8341,8242,0292,0021,9892,4842,4832,4832,4822,7062,707
Shareholder's Equity2.4%5,4345,3085,0964,8684,9725,0105,0645,0785,1785,1505,2795,5405,5335,5527,8468,1298,48713,84013,88913,97613,969
  Retained Earnings6.9%-1,828-1,963-2,069-2,154-2,166-2,216-2,146-2,086-2,017-1,991-1,876-1,529-1,474-1,3816901,0941,3586,7666,8626,8696,888
  Additional Paid-In Capital0.2%8,7738,7568,7548,7188,7008,6908,6858,6378,6188,5988,5918,5678,5438,5188,5078,4838,4418,4088,3908,3618,306
Shares Outstanding0.0%394394393393390387393387386385388385385383386382382380383379378
Minority Interest-3.1%63.0065.0038.0062.0063.0064.0067.0068.0070.0069.0069.0075.0073.0068.0068.0072.0076.0075.0070.0070.0068.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations18.7%-226-278-179-297-86.002152914416598609261,2131,242791714462300612521621663
  Share Based Compensation-68.00-67.0072.0076.00-78.0079.00--105---130---110--
Cashflow From Investing-14.9%-277-241-238-267-196-194-196-86.00-122-142-144-207-270-261-315-333-253-503-457-453-457
Cashflow From Financing-15.8%-117-101-96.00-89.00-59.00-222-189-175-414-219-259-830-635-670-647-91.00-49.00-32.00-30.00-555-584
  Dividend Payments1.3%79.0078.0078.0079.0078.0080.0020.00---19.0038.0058.0077.0077.0077.0076.0076.0076.0076.0076.00

NOV Income Statement

2023-06-30
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Revenue$ 2,093$ 1,727$ 4,055$ 3,275
Cost of revenue1,6361,4183,1872,752
Gross profit457309868523
Selling, general and administrative276241561476
Operating profit1816830747
Interest and financial costs(21)(19)(42)(38)
Interest income85166
Equity income in unconsolidated affiliates37148520
Other expense, net(29) (45)(2)
Net income before income taxes1766832133
Provision (benefit) for income taxes19(2)3912
Net income1577028221
Net income attributable to noncontrolling interests2112
Net income attributable to Company$ 155$ 69$ 281$ 19
Net income attributable to Company per share:    
Basic$ 0.39$ 0.18$ 0.72$ 0.05
Diluted0.390.180.710.05
Cash dividends per share$ 0.05$ 0.05$ 0.10$ 0.10
Weighted average shares outstanding:    
Basic393390392389
Diluted395393396392

NOV Balance Sheet

2023-06-30
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 592$ 1,069
Receivables, net1,8911,739
Inventories, net2,1991,813
Contract assets704685
Prepaid and other current assets224187
Total current assets5,6105,493
Property, plant and equipment, net1,8391,781
Lease right-of-use assets, operating376346
Lease right-of-use assets, financing172171
Goodwill1,5491,505
Intangibles, net470490
Investment in unconsolidated affiliates184117
Other assets246232
Total assets10,44610,135
Current liabilities:  
Accounts payable1,007906
Accrued liabilities769959
Contract liabilities494444
Current portion of lease liabilities9187
Current portion of long-term debt1313
Accrued income taxes1128
Total current liabilities2,3852,437
Long-term debt1,7151,717
Lease liabilities568549
Deferred income taxes6968
Other liabilities212230
Total liabilities4,9495,001
Commitments and contingencies
Stockholders’ equity:  
Common stock - par value $.01; 1 billion shares authorized; 393,776,806 and 392,832,752 shares issued and outstanding at June 30, 2023 and December 31, 202244
Additional paid-in capital8,7738,754
Accumulated other comprehensive loss(1,515)(1,593)
Retained deficit(1,828)(2,069)
Total Company stockholders' equity5,4345,096
Noncontrolling interests6338
Total stockholders’ equity5,4975,134
Total liabilities and stockholders’ equity$ 10,446$ 10,135
Clay C. Williams
27000
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It also provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. It also provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. NOV Inc. offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.