UBS Group AG Acquires 304,752 Shares of DNOW Inc. $DNOW

UBS Group AG grew its holdings in DNOW Inc. (NYSE:DNOW) by 91.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 637,158 shares of the oil and gas company’s stock after purchasing an additional 304,752 shares during the period. UBS Group AG’s holdings in DNOW were worth $8,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in shares of DNOW by 14.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,299 shares of the oil and gas company’s stock valued at $111,000 after purchasing an additional 937 shares during the last quarter. Amalgamated Bank increased its stake in shares of DNOW by 3.4% in the 3rd quarter. Amalgamated Bank now owns 31,215 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 1,040 shares during the last quarter. Investors Research Corp increased its stake in shares of DNOW by 61.1% in the 4th quarter. Investors Research Corp now owns 3,001 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,138 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of DNOW by 1.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 82,817 shares of the oil and gas company’s stock valued at $1,263,000 after purchasing an additional 1,392 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of DNOW by 190.5% in 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 last quarter. Institutional investors own 97.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DNOW. Wall Street Zen lowered DNOW from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research lowered DNOW from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 24th. Weiss Ratings lowered DNOW from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Finally, Stifel Nicolaus reduced their price objective on DNOW from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.00.

DNOW Stock Up 0.0%

Shares of DNOW opened at $13.15 on Monday. The company has a market capitalization of $2.40 billion, a PE ratio of -18.01 and a beta of 0.85. DNOW Inc. has a 12 month low of $10.94 and a 12 month high of $17.26. The stock’s 50-day moving average price is $12.25 and its two-hundred day moving average price is $13.42. The company has a current ratio of 2.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

DNOW (NYSE:DNOW) last announced its earnings results on Thursday, May 7th. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. DNOW had a positive return on equity of 4.94% and a negative net margin of 4.14%.The firm’s quarterly revenue was up 97.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. On average, analysts anticipate that DNOW Inc. will post 0.47 EPS for the current year.

DNOW Profile

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.