DNOW Inc. (NYSE:DNOW) Shares Purchased by Algert Global LLC

Algert Global LLC increased its holdings in shares of DNOW Inc. (NYSE:DNOW) by 7.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 295,291 shares of the oil and gas company’s stock after purchasing an additional 20,785 shares during the quarter. Algert Global LLC owned 0.28% of DNOW worth $4,054,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DNOW. Pacer Advisors Inc. boosted its holdings in DNOW by 71.5% in the 2nd quarter. Pacer Advisors Inc. now owns 7,047,909 shares of the oil and gas company’s stock worth $96,768,000 after acquiring an additional 2,939,502 shares during the period. Dimensional Fund Advisors LP boosted its holdings in DNOW by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,446,637 shares of the oil and gas company’s stock worth $88,511,000 after acquiring an additional 390,671 shares during the period. Renaissance Technologies LLC boosted its holdings in DNOW by 1.6% in the 2nd quarter. Renaissance Technologies LLC now owns 3,819,745 shares of the oil and gas company’s stock worth $52,445,000 after acquiring an additional 59,653 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in DNOW by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,701,685 shares of the oil and gas company’s stock worth $50,824,000 after acquiring an additional 42,384 shares during the period. Finally, American Century Companies Inc. boosted its holdings in DNOW by 141.2% in the 2nd quarter. American Century Companies Inc. now owns 1,568,267 shares of the oil and gas company’s stock worth $21,532,000 after acquiring an additional 918,131 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com upgraded DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Stifel Nicolaus upped their price target on DNOW from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Susquehanna reduced their target price on DNOW from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th.

DNOW Trading Up 0.8 %

DNOW stock opened at $12.93 on Tuesday. The stock has a market cap of $1.38 billion, a P/E ratio of 5.96 and a beta of 1.43. The stock has a 50 day moving average of $13.11 and a 200-day moving average of $13.81. DNOW Inc. has a 52 week low of $9.44 and a 52 week high of $15.65.

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