DNOW Inc. (NYSE:DNOW) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of DNOW Inc. (NYSE:DNOW) by 159.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 77,487 shares of the oil and gas company’s stock after acquiring an additional 47,659 shares during the period. Quantbot Technologies LP’s holdings in DNOW were worth $1,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in shares of DNOW by 71.5% in the second quarter. Pacer Advisors Inc. now owns 7,047,909 shares of the oil and gas company’s stock valued at $96,768,000 after purchasing an additional 2,939,502 shares during the period. American Century Companies Inc. increased its holdings in DNOW by 141.2% in the second quarter. American Century Companies Inc. now owns 1,568,267 shares of the oil and gas company’s stock valued at $21,532,000 after buying an additional 918,131 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of DNOW by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,446,637 shares of the oil and gas company’s stock valued at $88,511,000 after acquiring an additional 390,671 shares during the period. Foundry Partners LLC boosted its stake in shares of DNOW by 832.0% during the 3rd quarter. Foundry Partners LLC now owns 365,795 shares of the oil and gas company’s stock worth $4,730,000 after acquiring an additional 326,547 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of DNOW by 21.9% in the 2nd quarter. AQR Capital Management LLC now owns 827,965 shares of the oil and gas company’s stock worth $11,368,000 after acquiring an additional 148,549 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

DNOW Trading Down 0.5 %

Shares of NYSE DNOW opened at $15.05 on Monday. The company’s 50-day moving average price is $13.19 and its 200 day moving average price is $13.35. DNOW Inc. has a 52 week low of $9.44 and a 52 week high of $15.65. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 8.05 and a beta of 1.45.

DNOW (NYSE:DNOW) last released its quarterly earnings results on Thursday, November 7th. The oil and gas company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. DNOW had a net margin of 8.70% and a return on equity of 8.90%. The business had revenue of $606.00 million for the quarter, compared to analyst estimates of $614.92 million. During the same period in the prior year, the business earned $0.25 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts expect that DNOW Inc. will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

Insider Buying and Selling at DNOW

In other DNOW news, Director Paul M. Coppinger sold 26,186 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $15.35, for a total value of $401,955.10. Following the transaction, the director now directly owns 56,568 shares in the company, valued at approximately $868,318.80. This represents a 31.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by insiders.

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.