Mutual of America Capital Management LLC Has $207,000 Position in DNOW Inc. (NYSE:DNOW)

Mutual of America Capital Management LLC lowered its position in DNOW Inc. (NYSE:DNOW) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,014 shares of the oil and gas company’s stock after selling 1,541 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DNOW were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in DNOW by 127.6% in the first quarter. Lazard Asset Management LLC now owns 8,946 shares of the oil and gas company’s stock valued at $135,000 after acquiring an additional 5,016 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in DNOW by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 121,261 shares of the oil and gas company’s stock valued at $1,844,000 after acquiring an additional 3,786 shares during the last quarter. First Hawaiian Bank bought a new stake in DNOW in the second quarter valued at approximately $508,000. CWM LLC boosted its holdings in DNOW by 144.9% in the second quarter. CWM LLC now owns 6,767 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 4,004 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC bought a new stake in DNOW in the second quarter valued at approximately $158,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul M. Coppinger sold 26,186 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $15.35, for a total value of $401,955.10. Following the transaction, the director now directly owns 56,568 shares in the company, valued at $868,318.80. This trade represents a 31.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by company insiders.

DNOW Stock Performance

DNOW stock opened at $15.05 on Friday. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 8.05 and a beta of 1.45. DNOW Inc. has a 52-week low of $9.44 and a 52-week high of $15.65. The stock’s 50 day moving average price is $13.19 and its two-hundred day moving average price is $13.36.

DNOW (NYSE:DNOW) last posted its quarterly earnings results on Thursday, November 7th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $606.00 million for the quarter, compared to analysts’ expectations of $614.92 million. DNOW had a return on equity of 8.90% and a net margin of 8.70%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. On average, equities research analysts forecast that DNOW Inc. will post 0.84 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

About DNOW

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.