DNOW Inc. (NYSE:DNOW) Shares Acquired by Cwm LLC

Cwm LLC grew its stake in DNOW Inc. (NYSE:DNOW) by 111.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,726 shares of the oil and gas company’s stock after buying an additional 3,539 shares during the period. Cwm LLC’s holdings in DNOW were worth $115,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. SummerHaven Investment Management LLC boosted its holdings in shares of DNOW by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 60,319 shares of the oil and gas company’s stock valued at $1,030,000 after buying an additional 966 shares in the last quarter. GAMMA Investing LLC boosted its stake in DNOW by 122.1% during the 1st quarter. GAMMA Investing LLC now owns 1,859 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 1,022 shares during the period. Nisa Investment Advisors LLC boosted its stake in DNOW by 15.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 7,825 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,073 shares during the period. CoreCommodity Management LLC boosted its stake in DNOW by 1.4% during the 4th quarter. CoreCommodity Management LLC now owns 95,471 shares of the oil and gas company’s stock worth $1,242,000 after purchasing an additional 1,364 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in DNOW by 1.8% during 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 purchasing an additional 1,467 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Ratings Changes

DNOW has been the subject of a number of recent research reports. Susquehanna decreased their price target on shares of DNOW from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus decreased their price target on shares of DNOW from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Finally, Wall Street Zen upgraded shares of DNOW from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th.

DNOW Stock Performance

Shares of DNOW stock opened at $15.72 on Thursday. The company has a market cap of $1.66 billion, a P/E ratio of 21.24 and a beta of 1.08. DNOW Inc. has a one year low of $11.42 and a one year high of $18.45. The firm has a fifty day moving average of $14.77 and a two-hundred day moving average of $15.21.

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

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.