D. E. Shaw & Co. Inc. raised its position in shares of NOW Inc (NYSE:DNOW) by 49.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,269,123 shares of the oil and gas company’s stock after buying an additional 746,961 shares during the period. D. E. Shaw & Co. Inc.’s holdings in NOW were worth $26,413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DNOW. Teachers Advisors LLC increased its holdings in shares of NOW by 4.7% during the 3rd quarter. Teachers Advisors LLC now owns 210,819 shares of the oil and gas company’s stock valued at $3,489,000 after acquiring an additional 9,530 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of NOW by 342.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,816 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 9,920 shares during the last quarter. BlackRock Inc. increased its holdings in shares of NOW by 1.2% during the 3rd quarter. BlackRock Inc. now owns 11,882,925 shares of the oil and gas company’s stock valued at $196,662,000 after acquiring an additional 141,825 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of NOW by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 177,594 shares of the oil and gas company’s stock valued at $2,939,000 after acquiring an additional 5,820 shares during the last quarter. Finally, Federated Investors Inc. PA increased its holdings in shares of NOW by 26.6% during the 3rd quarter. Federated Investors Inc. PA now owns 21,599 shares of the oil and gas company’s stock valued at $358,000 after acquiring an additional 4,542 shares during the last quarter.

A number of brokerages have recently commented on DNOW. Zacks Investment Research lowered NOW from a “buy” rating to a “hold” rating in a report on Friday, January 18th. ValuEngine raised NOW from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Stifel Nicolaus lowered NOW from a “buy” rating to a “hold” rating and lowered their target price for the company from $17.00 to $13.00 in a report on Wednesday, December 19th. Seven equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $15.40.

DNOW opened at $14.57 on Thursday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 38.81 and a beta of 1.40. The company has a current ratio of 2.76, a quick ratio of 1.40 and a debt-to-equity ratio of 0.11. NOW Inc has a 12-month low of $9.67 and a 12-month high of $18.56.

NOW (NYSE:DNOW) last released its earnings results on Thursday, February 14th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $772.87 million. NOW had a return on equity of 3.24% and a net margin of 1.66%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. Research analysts expect that NOW Inc will post 0.43 EPS for the current fiscal year.

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About NOW

NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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