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

Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of DNOW Inc. (NYSE:DNOW) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,701,685 shares of the oil and gas company’s stock after buying an additional 42,384 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in DNOW were worth $50,824,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DNOW. Charles Schwab Investment Management Inc. increased its position in DNOW by 2.5% during the 4th 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 buying an additional 49,310 shares during the period. Dimensional Fund Advisors LP increased its position in shares of DNOW by 2.7% in 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 period. Norges Bank bought a new position in shares of DNOW in the fourth quarter worth $8,312,000. Quest Partners LLC bought a new position in shares of DNOW in the fourth quarter worth $216,000. Finally, Allianz Asset Management GmbH increased its position in shares of DNOW by 8.6% in the fourth quarter. Allianz Asset Management GmbH now owns 535,239 shares of the oil and gas company’s stock worth $6,059,000 after purchasing an additional 42,310 shares during the period. Institutional investors own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

DNOW Stock Down 0.5 %

DNOW stock opened at $13.02 on Friday. DNOW Inc. has a 12-month low of $9.44 and a 12-month high of $15.65. The business’s 50-day moving average price is $13.26 and its two-hundred day moving average price is $13.88. The stock has a market cap of $1.39 billion, a PE ratio of 6.00 and a beta of 1.43.

DNOW (NYSE:DNOW) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $0.25 earnings per share (EPS) 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, analysts expect that DNOW Inc. will post 0.86 earnings per share 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.