Barrow Hanley Mewhinney & Strauss LLC Acquires 42,384 Shares of DNOW Inc. (NYSE:DNOW)

Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of DNOW Inc. (NYSE:DNOW) by 1.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,701,685 shares of the oil and gas company’s stock after purchasing an additional 42,384 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 3.47% of DNOW worth $50,824,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. First Eagle Investment Management LLC boosted its position in DNOW by 0.4% during the 1st quarter. First Eagle Investment Management LLC now owns 258,029 shares of the oil and gas company’s stock worth $3,922,000 after acquiring an additional 1,000 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in DNOW by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 53,700 shares of the oil and gas company’s stock worth $737,000 after acquiring an additional 1,000 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in DNOW by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 68,946 shares of the oil and gas company’s stock worth $947,000 after acquiring an additional 1,068 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in DNOW by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 93,060 shares of the oil and gas company’s stock worth $1,415,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in DNOW by 4.3% during the 2nd quarter. Arizona State Retirement System now owns 30,485 shares of the oil and gas company’s stock worth $419,000 after acquiring an additional 1,263 shares during the last quarter. 97.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on DNOW shares. Susquehanna cut their price objective on DNOW from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. StockNews.com raised DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Stifel Nicolaus increased their price objective on DNOW from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 18th.

DNOW Trading Down 0.5 %

NYSE DNOW opened at $13.02 on Friday. The stock has a 50 day moving average of $13.26 and a 200-day moving average of $13.88. DNOW Inc. has a 12 month low of $9.44 and a 12 month high of $15.65. The company has a market cap of $1.39 billion, a PE ratio of 6.00 and a beta of 1.43.

DNOW (NYSE:DNOW) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). DNOW had a net margin of 9.70% and a return on equity of 9.93%. The business had revenue of $633.00 million for the quarter, compared to analyst estimates of $638.20 million. As a group, sell-side analysts predict that DNOW Inc. will post 0.86 EPS for the current fiscal 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.