Monday, January 12, 2015

RECENT BUY - National Oilwell Varco, Inc (NYSE: NOV)


WE RECENTLY PURCHASED THE FOLLOWING

National Oilwell Varco Inc (NOV)
Purchased 15 shares of NOV on 1/12/2015 at $59.97
Total Spent: $899.64
$27.60 added to annual dividends

Back on December 1, 2014, we initiated a small position in National Oilwell Varco, Inc. (NOV) because it had hit their 52-week low that day.  Our purchase in December was a total of 9 shares at $65.00/share.  That original purchase did however come just before the Ex-dividend date so we have since received a dividend payment from NOV.


Today, NOV hit set a new 52-week low.  Although we did not buy in at today's bottom, we still feel that NOV was still a nice bargain and glad we were able to pick up some shares under $60!

With oil prices at current lows, oil related stocks are currently on sale. Nevertheless, as we had stated with our last purchase of NOV, we do consider it to be a higher than normal risk because of the unpredictability of oil prices.  But long term, we are more optimistic about the recovery of oil prices that we are pessimistic about NOV's future.  And buying in at these levels, we are hoping that we will be able to capitalize on that future growth.

Since we already owned NOV, with today's purchase, our family's dividend stocks portfolio remains at total of 32 stocks/ETF with an estimated forward dividend of just a little over $3,195/year in dividends.

Our family's dividend stocks portfolio may be found
by clicking on the link below:

We also maintain an extensive list of stock analysis
that can be access through the link below:

We also just started a list of Recent Buys by other bloggers
that can be access through the link below:
 



HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:
National Oilwell Varco, Inc. (NOV)

P/E: 9.81
Payout Ratio: 24%
Dividend Yield: 3.0%
Dividend Growth rate (5yr AVG): N/A (3yr AVG - 52%)
3 consecutive years of dividend increases
Last Ex-dividend date: 12/3/2014
Next Ex-dividend date: approx. 3/3/2015
Have paid a dividend since: 2009 (5 years)
Pays a dividend 4 times a year.
Market Cap: 25.23 Billion
52-week high: $86.55
52-week low: $58.18


What are your thoughts about my recent purchase?

What are you buying?

5 comments:

  1. AFFJ,

    Like the purchase of NOV. It was my most recent stock purchase as well.

    The oilfield services companies have been hammered lately, to a level that seems disproportionate. Not sure if I'll add any more, but if NOV drops into the low $50s, that would be tough to pass up.

    Best regards!

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    Replies
    1. Definitely agree with you that the stock depreciation is somewhat disproportionate. But also hoping that it also means the recover will be equally disproportionate. :) AFFJ

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  2. NOV is still proving to be quite popular as BBL among the dividend bloggers. I understand why with the continuing declines and extra juicy yields that seem to be well covered despite depressed oil prices and income. As you know I'm still on energy sidelines waiting for a bottom and buy on the upside instead of constantly averaging down. Thanks for sharing.

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    Replies
    1. DivHut - growing up I did always want to be part of the in crowd. I guess I take that approach with my investing as well. :) We've been buying NOV and BBL although they continue to slide. We are banking that the mass is right the dividends remain secure while we wait and watch the stocks recover. Good thing, because I think we are all going to be waiting at least a year for some kind of rebound in oil stocks. AFFJ

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    ReplyDelete