Olympiad Research LP Has $289,000 Stock Position in DNOW Inc. (NYSE:DNOW)

Olympiad Research LP grew its position in shares of DNOW Inc. (NYSE:DNOW) by 32.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,355 shares of the oil and gas company’s stock after acquiring an additional 5,434 shares during the quarter. Olympiad Research LP’s holdings in DNOW were worth $289,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. GW Henssler & Associates Ltd. acquired a new position in DNOW during the 3rd quarter worth approximately $182,000. Highland Capital Management LLC boosted its position in DNOW by 11.3% during the 3rd quarter. Highland Capital Management LLC now owns 16,417 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 1,669 shares during the last quarter. Inspire Advisors LLC boosted its position in DNOW by 84.0% during the 3rd quarter. Inspire Advisors LLC now owns 26,331 shares of the oil and gas company’s stock worth $340,000 after acquiring an additional 12,017 shares during the last quarter. nVerses Capital LLC acquired a new position in DNOW during the 3rd quarter worth approximately $78,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of DNOW by 31.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 80,254 shares of the oil and gas company’s stock valued at $1,038,000 after buying an additional 19,153 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

DNOW Trading Down 0.1 %

NYSE DNOW opened at $13.74 on Friday. DNOW Inc. has a 12 month low of $9.44 and a 12 month high of $15.65. The stock has a 50 day moving average of $12.44 and a 200-day moving average of $13.32. The company has a market cap of $1.46 billion, a PE ratio of 6.64 and a beta of 1.45.

DNOW (NYSE:DNOW) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $638.20 million. As a group, sell-side analysts predict that DNOW Inc. will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

DNOW has been the subject of several recent analyst reports. 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. StockNews.com raised DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, 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.

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.