DNOW Inc. (NYSE:DNOW) Stock Position Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its position in DNOW Inc. (NYSE:DNOW) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,518 shares of the oil and gas company’s stock after buying an additional 3,602 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DNOW were worth $300,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. raised its position in DNOW by 25.4% in the third quarter. Oppenheimer & Co. Inc. now owns 13,666 shares of the oil and gas company’s stock worth $162,000 after acquiring an additional 2,772 shares in the last quarter. Bailard Inc. bought a new stake in shares of DNOW in the 3rd quarter worth approximately $210,000. Pathstone Family Office LLC grew its holdings in shares of DNOW by 10.2% in the 3rd quarter. Pathstone Family Office LLC now owns 21,487 shares of the oil and gas company’s stock worth $255,000 after acquiring an additional 1,986 shares during the last quarter. Strs Ohio acquired a new stake in shares of DNOW during the third quarter worth $415,000. Finally, SG Americas Securities LLC purchased a new stake in shares of DNOW during the third quarter valued at $489,000. Institutional investors own 97.63% of the company’s stock.

DNOW Price Performance

Shares of DNOW opened at $14.34 on Monday. The business’s 50-day moving average is $14.67 and its 200-day moving average is $12.07. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 6.35 and a beta of 1.48. DNOW Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $15.57.

DNOW (NYSE:DNOW) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The firm had revenue of $555.00 million for the quarter, compared to the consensus estimate of $540.83 million. DNOW had a net margin of 10.64% and a return on equity of 11.60%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Equities research analysts expect that DNOW Inc. will post 1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on DNOW. StockNews.com downgraded DNOW from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Susquehanna upped their price target on shares of DNOW from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus lifted their price objective on shares of DNOW from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th.

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.