Quadrature Capital Ltd Invests $212,000 in DNOW Inc. (NYSE:DNOW)

Quadrature Capital Ltd bought a new position in shares of DNOW Inc. (NYSE:DNOW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,762 shares of the oil and gas company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in DNOW by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,095,429 shares of the oil and gas company’s stock worth $69,001,000 after purchasing an additional 161,840 shares during the last quarter. American Century Companies Inc. boosted its holdings in DNOW by 17.5% during the third quarter. American Century Companies Inc. now owns 4,282,131 shares of the oil and gas company’s stock worth $50,829,000 after purchasing an additional 639,219 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in DNOW by 38.6% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 2,487,826 shares of the oil and gas company’s stock worth $28,162,000 after purchasing an additional 693,500 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in DNOW by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,989,506 shares of the oil and gas company’s stock worth $22,521,000 after purchasing an additional 49,310 shares during the last quarter. Finally, Penn Capital Management Company LLC boosted its holdings in DNOW by 8.4% during the fourth quarter. Penn Capital Management Company LLC now owns 1,325,085 shares of the oil and gas company’s stock worth $15,038,000 after purchasing an additional 102,484 shares during the last quarter. 97.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DNOW shares. Stifel Nicolaus boosted their price target on shares of DNOW from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Susquehanna dropped their target price on shares of DNOW from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th.

DNOW Stock Up 0.2 %

DNOW opened at $13.51 on Friday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 6.23 and a beta of 1.47. DNOW Inc. has a twelve month low of $9.44 and a twelve month high of $15.57. The company’s 50-day moving average price is $14.00 and its two-hundred day moving average price is $12.94.

DNOW (NYSE:DNOW) last released its earnings results on Friday, May 10th. The oil and gas company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $563.00 million during the quarter, compared to analysts’ expectations of $569.15 million. DNOW had a net margin of 10.30% and a return on equity of 10.39%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, sell-side analysts anticipate that DNOW Inc. will post 1.06 earnings per share for the current year.

DNOW 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.