DNOW Inc. (NYSE:DNOW) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in DNOW Inc. (NYSE:DNOW) by 16.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,301 shares of the oil and gas company’s stock after selling 44,836 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in DNOW were worth $2,913,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in DNOW by 1,062.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,802 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 2,561 shares in the last quarter. KBC Group NV increased its position in shares of DNOW by 45.5% in the third quarter. KBC Group NV now owns 3,806 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 1,190 shares in the last quarter. Quarry LP raised its stake in shares of DNOW by 75.6% during the 2nd quarter. Quarry LP now owns 4,433 shares of the oil and gas company’s stock worth $61,000 after buying an additional 1,908 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of DNOW during the 2nd quarter worth $67,000. Finally, nVerses Capital LLC purchased a new stake in shares of DNOW in the 3rd quarter worth about $78,000. 97.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DNOW

In related news, Director Paul M. Coppinger sold 26,186 shares of the business’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 completion of the transaction, the director now owns 56,568 shares of the company’s stock, valued at approximately $868,318.80. The trade was a 31.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

DNOW Trading Down 1.0 %

Shares of NYSE DNOW opened at $14.42 on Friday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 7.71 and a beta of 1.50. The company’s 50-day moving average price is $13.62 and its 200 day moving average price is $13.42. DNOW Inc. has a 52 week low of $9.44 and a 52 week high of $15.65.

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 0.81 earnings per share for the current year.

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.