State Board of Administration of Florida Retirement System maintained its position in shares of NOW Inc. (NYSE:DNOW) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,788 shares of the oil and gas company’s stock at the end of the 2nd quarter. State Board of Administration of Florida Retirement System owned 0.07% of NOW worth $1,283,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of NOW by 16,819.9% during the 1st quarter. BlackRock Inc. now owns 11,399,636 shares of the oil and gas company’s stock worth $193,337,000 after acquiring an additional 11,332,262 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of NOW by 30.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,162,033 shares of the oil and gas company’s stock worth $53,626,000 after acquiring an additional 745,677 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of NOW by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 8,787,117 shares of the oil and gas company’s stock worth $149,030,000 after acquiring an additional 739,256 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of NOW by 98.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,434,114 shares of the oil and gas company’s stock worth $24,323,000 after acquiring an additional 710,500 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of NOW by 19.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,596,784 shares of the oil and gas company’s stock worth $61,002,000 after acquiring an additional 578,414 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

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DNOW has been the subject of a number of research analyst reports. BidaskClub raised NOW from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 6th. Stifel Nicolaus reissued a “buy” rating and set a $18.00 price target on shares of NOW in a research note on Thursday, September 7th. Credit Suisse Group set a $15.00 price target on NOW and gave the stock a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research raised NOW from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, KeyCorp reaffirmed an “overweight” rating and set a $22.00 target price on shares of NOW in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. NOW currently has a consensus rating of “Hold” and a consensus target price of $19.10.

NOW Inc. (NYSE DNOW) opened at 12.73 on Tuesday. The stock has a 50 day moving average price of $12.45 and a 200-day moving average price of $15.72. The stock’s market capitalization is $1.37 billion. NOW Inc. has a one year low of $11.31 and a one year high of $23.53.

NOW (NYSE:DNOW) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $651.00 million for the quarter, compared to analysts’ expectations of $674.97 million. NOW had a negative return on equity of 7.83% and a negative net margin of 7.14%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.40) earnings per share. Analysts anticipate that NOW Inc. will post ($0.24) earnings per share for the current year.

NOW Profile

NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.

Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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