DNOW Inc. (NYSE:DNOW) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC trimmed its position in DNOW Inc. (NYSE:DNOW) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 53,694 shares of the oil and gas company’s stock after selling 2,474 shares during the period. Greenwood Capital Associates LLC’s holdings in DNOW were worth $694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DNOW. Sei Investments Co. increased its stake in DNOW by 751.6% during the 1st quarter. Sei Investments Co. now owns 131,258 shares of the oil and gas company’s stock worth $1,995,000 after buying an additional 115,844 shares during the period. First Hawaiian Bank acquired a new stake in shares of DNOW in the 2nd quarter worth $508,000. Janney Montgomery Scott LLC purchased a new position in shares of DNOW in the 1st quarter valued at about $555,000. Hillsdale Investment Management Inc. purchased a new position in shares of DNOW in the 1st quarter valued at about $4,241,000. Finally, CWM LLC increased its holdings in shares of DNOW by 144.9% in the 2nd quarter. CWM LLC now owns 6,767 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 4,004 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on DNOW. Susquehanna dropped their target price on shares of DNOW from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Stifel Nicolaus lifted their price target on shares of DNOW from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, StockNews.com raised shares of DNOW from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th.

DNOW Stock Up 2.4 %

Shares of DNOW opened at $12.16 on Wednesday. The firm has a 50-day moving average price of $12.41 and a 200 day moving average price of $13.32. The firm has a market capitalization of $1.29 billion, a PE ratio of 5.87 and a beta of 1.45. DNOW Inc. has a 52-week low of $9.44 and a 52-week high of $15.65.

DNOW (NYSE:DNOW) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm 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%. On average, equities analysts expect that DNOW Inc. will post 0.85 EPS for the current 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.