Mirae Asset Global Investments Co. Ltd. Has $18.31 Million Stake in NOW Inc. (NYSE:DNOW)

Mirae Asset Global Investments Co. Ltd. grew its position in NOW Inc. (NYSE:DNOWGet Rating) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,659,845 shares of the oil and gas company’s stock after purchasing an additional 56,591 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.50% of NOW worth $18,308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of NOW in the first quarter valued at approximately $66,000. Captrust Financial Advisors boosted its stake in shares of NOW by 173.7% in the first quarter. Captrust Financial Advisors now owns 5,973 shares of the oil and gas company’s stock valued at $66,000 after buying an additional 3,791 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of NOW by 60.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,725 shares of the oil and gas company’s stock valued at $75,000 after buying an additional 2,546 shares during the period. PDT Partners LLC bought a new stake in shares of NOW in the fourth quarter valued at approximately $89,000. Finally, Scotia Capital Inc. bought a new stake in shares of NOW in the first quarter valued at approximately $125,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

NOW Price Performance

NYSE DNOW opened at $11.14 on Friday. The business has a fifty day moving average price of $11.10 and a two-hundred day moving average price of $10.75. NOW Inc. has a fifty-two week low of $6.83 and a fifty-two week high of $13.40. The stock has a market capitalization of $1.23 billion, a PE ratio of 16.88 and a beta of 1.60.

NOW (NYSE:DNOWGet Rating) last released its earnings results on Wednesday, August 3rd. The oil and gas company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. NOW had a return on equity of 7.91% and a net margin of 3.88%. The firm had revenue of $539.00 million during the quarter, compared to analysts’ expectations of $487.65 million. As a group, sell-side analysts expect that NOW Inc. will post 0.75 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Benchmark boosted their price target on NOW to $15.00 in a research note on Tuesday, August 9th.

NOW Profile

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NOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and industrial manufacturing operations in the United States, Canada, and internationally. The company offers its products under the DistributionNOW and DNOW brand names.

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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