NOV Split History

NOV (NOV) has 2 splits in our NOV split history database. The first split for NOV took place on October 01, 2007. This was a 2 for 1 split, meaning for each share of NOV owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. NOV's second split took place on June 02, 2014. This was a 1109 for 1000 split, meaning for each 1000 shares of NOV owned pre-split, the shareholder now owned 1109 shares. For example, a 2000 share position pre-split, became a 2218 share position following the split.

When a company such as NOV splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the NOV split history from start to finish, an original position size of 1000 shares would have turned into 2218 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NOV shares, starting with a $10,000 purchase of NOV, presented on a split-history-adjusted basis factoring in the complete NOV split history.

Growth of $10,000.00 With Dividends Reinvested
Start date:	06/11/2013
End date:	06/07/2023
Start price/share:	$62.37
End price/share:	$15.84
Starting shares:	160.33
Ending shares:	183.64
Dividends reinvested/share:	$5.72
Total return:	-70.91%
Average Annual Total Return:	-11.62%
Starting investment:	$10,000.00
Ending investment:	$2,909.60
Years:	9.99

Growth of $10,000.00 Without Dividends Reinvested
Start date:	06/11/2013
End date:	06/07/2023
Start price/share:	$62.37
End price/share:	$15.84
Dividends collected/share:	$5.72
Total return:	-65.44%
Average Annual Total Return:	-10.08%
Starting investment:	$10,000.00
Ending investment:	$3,457.93
Years:	9.99

About NOV

National Oilwell Varco is an independent provider of equipment and technology to the upstream oil and gas industry. Co.'s segments include: Wellbore Technologies, which designs, manufactures, rents, and sells equipment and technologies for drilling operations; Completion and Production Solutions, which designs, manufactures, and services equipment and technologies for hydraulic fracture stimulation, well intervention, well construction, onshore production, and offshore production; and Rig Technologies, which designs, manufactures and sells land rigs, offshore drilling equipment packages, and drilling rig components that mechanize and automate the drilling process and rig functionality. According to our NOV split history records, NOV has had 2 splits.