DNOW Inc. $DNOW Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of DNOW Inc. (NYSE:DNOW) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,561 shares of the oil and gas company’s stock after selling 1,825 shares during the period. Mutual of America Capital Management LLC’s holdings in DNOW were worth $201,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DNOW. SummerHaven Investment Management LLC increased its stake in DNOW by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 61,228 shares of the oil and gas company’s stock valued at $908,000 after purchasing an additional 909 shares during the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 1,022 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of DNOW by 15.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 7,825 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 1,073 shares during the last quarter. Brooklyn Investment Group grew its position in shares of DNOW by 2,650.0% in the 1st quarter. Brooklyn Investment Group now owns 1,705 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 1,643 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of DNOW by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 343,371 shares of the oil and gas company’s stock valued at $5,374,000 after buying an additional 2,289 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DNOW. Zacks Research downgraded shares of DNOW from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Stifel Nicolaus dropped their price objective on DNOW from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DNOW in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.00.

DNOW Stock Performance

Shares of DNOW stock opened at $14.77 on Friday. DNOW Inc. has a 1 year low of $11.54 and a 1 year high of $18.45. The company has a market capitalization of $1.58 billion, a P/E ratio of 19.43 and a beta of 1.05. The company’s fifty day moving average is $15.24 and its two-hundred day moving average is $15.09.

DNOW (NYSE:DNOW) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. DNOW had a net margin of 3.45% and a return on equity of 8.97%. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $612.60 million. During the same period last year, the firm posted $0.25 EPS. DNOW’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts expect 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.