Intech Investment Management LLC Has $3.25 Million Position in DNOW Inc. $DNOW

Intech Investment Management LLC increased its position in DNOW Inc. (NYSE:DNOW) by 165.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 245,038 shares of the oil and gas company’s stock after buying an additional 152,882 shares during the quarter. Intech Investment Management LLC owned 0.23% of DNOW worth $3,247,000 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. Blue Trust Inc. acquired a new stake in DNOW during the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC increased its position in DNOW by 132.5% during the 4th quarter. Clearstead Advisors LLC now owns 2,427 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 1,383 shares during the period. EverSource Wealth Advisors LLC increased its position in DNOW by 190.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,423 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 1,589 shares during the period. SBI Securities Co. Ltd. increased its position in DNOW by 17,756.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,857 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 2,841 shares during the period. Finally, Hantz Financial Services Inc. increased its position in DNOW by 960.4% during the 4th quarter. Hantz Financial Services Inc. now owns 2,842 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 2,574 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

DNOW Price Performance

Shares of DNOW opened at $12.91 on Tuesday. DNOW Inc. has a 12-month low of $10.94 and a 12-month high of $17.26. The business’s fifty day moving average is $12.59 and its 200 day moving average is $13.33. The company has a quick ratio of 1.14, a current ratio of 2.42 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.36 billion, a P/E ratio of -17.69 and a beta of 0.82.

DNOW (NYSE:DNOW) last issued its earnings results on Thursday, May 7th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). DNOW had a positive return on equity of 4.94% and a negative net margin of 4.14%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business earned $0.22 earnings per share. DNOW’s revenue for the quarter was up 97.5% on a year-over-year basis. Sell-side analysts anticipate that DNOW Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DNOW has been the subject of a number of recent analyst reports. Zacks Research raised shares of DNOW from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Stifel Nicolaus decreased their target price on shares of DNOW from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of DNOW in a research note on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of DNOW from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, DNOW currently has an average rating of “Hold” and a consensus price target of $17.00.

About DNOW

DistributionNOW (NYSE: DNOW) is a global distributor of energy and industrial products, serving a broad range of end-markets including oil and gas, petrochemical, power generation, and industrial manufacturing. Headquartered in Houston, Texas, the company provides solutions across the life cycle of energy and industrial assets, with an emphasis on safety, reliability and operational efficiency.

The company’s core product portfolio includes piping systems and related components (such as valves, fittings, flanges and gaskets), instrumentation, electrical and automation equipment, fasteners, industrial safety supplies, chemicals and composite products.