DNOW Inc. (NYSE:DNOW) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lowered its stake in shares of DNOW Inc. (NYSE:DNOWFree Report) by 45.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 254,012 shares of the oil and gas company’s stock after selling 212,703 shares during the period. Eagle Asset Management Inc. owned about 0.24% of DNOW worth $3,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of DNOW in the fourth quarter valued at about $31,000. Quarry LP lifted its holdings in shares of DNOW by 63.4% in the first quarter. Quarry LP now owns 3,144 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,220 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of DNOW in the fourth quarter valued at about $42,000. Tower Research Capital LLC TRC lifted its holdings in shares of DNOW by 535.8% in the first quarter. Tower Research Capital LLC TRC now owns 3,726 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 3,140 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of DNOW by 173.7% in the first quarter. Captrust Financial Advisors now owns 5,973 shares of the oil and gas company’s stock valued at $66,000 after purchasing an additional 3,791 shares in the last quarter. Hedge funds and other institutional investors own 95.50% of the company’s stock.

DNOW Stock Performance

Shares of DNOW stock opened at $13.46 on Tuesday. DNOW Inc. has a one year low of $8.83 and a one year high of $13.55. The company has a 50 day moving average price of $10.75 and a 200 day moving average price of $10.96. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 5.95 and a beta of 1.40.

DNOW (NYSE:DNOWGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. DNOW had a net margin of 10.64% and a return on equity of 11.60%. The firm had revenue of $555.00 million during the quarter, compared to analyst estimates of $540.83 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. DNOW’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities analysts forecast that DNOW Inc. will post 0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Susquehanna upped their price target on shares of DNOW from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Stifel Nicolaus upped their price target on shares of DNOW from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, StockNews.com raised shares of DNOW from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 19th.

Check Out Our Latest Report on DNOW

DNOW Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DNOW (NYSE:DNOW)

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