Nisa Investment Advisors LLC Has $134,000 Stock Holdings in DNOW Inc. (NYSE:DNOW)

Nisa Investment Advisors LLC boosted its holdings in DNOW Inc. (NYSE:DNOW) by 15.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,825 shares of the oil and gas company’s stock after purchasing an additional 1,073 shares during the period. Nisa Investment Advisors LLC’s holdings in DNOW were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in DNOW by 0.8% during the 4th quarter. Teacher Retirement System of Texas now owns 100,117 shares of the oil and gas company’s stock worth $1,303,000 after acquiring an additional 792 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of DNOW by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 60,319 shares of the oil and gas company’s stock worth $1,030,000 after buying an additional 966 shares during the period. GAMMA Investing LLC boosted its holdings in DNOW by 122.1% in the first quarter. GAMMA Investing LLC now owns 1,859 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 1,022 shares in the last quarter. CoreCommodity Management LLC boosted its holdings in shares of DNOW by 1.4% during the 4th quarter. CoreCommodity Management LLC now owns 95,471 shares of the oil and gas company’s stock valued at $1,242,000 after buying an additional 1,364 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in DNOW by 1.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 81,390 shares of the oil and gas company’s stock worth $1,390,000 after buying an additional 1,467 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

DNOW Stock Up 2.2%

Shares of NYSE:DNOW opened at $14.84 on Friday. The business has a fifty day simple moving average of $14.74 and a 200-day simple moving average of $15.06. DNOW Inc. has a 52 week low of $11.42 and a 52 week high of $18.45. The company has a market cap of $1.57 billion, a P/E ratio of 20.05 and a beta of 1.08.

DNOW (NYSE:DNOW) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $599.00 million for the quarter, compared to analysts’ expectations of $587.17 million. DNOW had a return on equity of 9.00% and a net margin of 3.40%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Sell-side analysts expect that DNOW Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DNOW shares. Wall Street Zen upgraded DNOW from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. Susquehanna decreased their target price on DNOW from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus lifted their price target on DNOW from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, June 27th.

DNOW Company Profile

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.