Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Holdings in DNOW Inc. $DNOW

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in DNOW Inc. (NYSE:DNOW) by 33.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 412,629 shares of the oil and gas company’s stock after acquiring an additional 103,864 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in DNOW were worth $5,467,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in DNOW by 14.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,299 shares of the oil and gas company’s stock worth $111,000 after buying an additional 937 shares during the last quarter. Amalgamated Bank raised its position in DNOW by 3.4% in the 3rd quarter. Amalgamated Bank now owns 31,215 shares of the oil and gas company’s stock worth $476,000 after buying an additional 1,040 shares during the last quarter. Investors Research Corp raised its position in DNOW by 61.1% in the 4th quarter. Investors Research Corp now owns 3,001 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,138 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in DNOW by 1.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 82,817 shares of the oil and gas company’s stock worth $1,263,000 after buying an additional 1,392 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in DNOW by 190.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,423 shares of the oil and gas company’s stock worth $36,000 after buying an additional 1,589 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DNOW shares. Zacks Research lowered DNOW from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 24th. Wall Street Zen lowered DNOW from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Stifel Nicolaus decreased their target price on DNOW from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Finally, Weiss Ratings lowered DNOW from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, DNOW currently has an average rating of “Hold” and an average price target of $17.00.

DNOW Trading Up 2.1%

DNOW stock opened at $12.98 on Wednesday. The business has a 50-day simple moving average of $12.17 and a two-hundred day simple moving average of $13.51. The company has a market cap of $2.41 billion, a P/E ratio of -44.74 and a beta of 0.79. DNOW Inc. has a 52-week low of $10.94 and a 52-week high of $17.26. The company has a quick ratio of 1.11, a current ratio of 2.34 and a debt-to-equity ratio of 0.18.

DNOW (NYSE:DNOW) last released its quarterly earnings results on Friday, February 20th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $959.00 million during the quarter, compared to the consensus estimate of $969.50 million. DNOW had a positive return on equity of 7.26% and a negative net margin of 2.66%.The business’s quarterly revenue was up 68.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. Analysts predict that DNOW Inc. will post 0.66 EPS for the current year.

DNOW Company Profile

DistributionNOW (NYSE: DNOW) is a global distributor of energy and industrial products, serving a broad range of end-markets including oil and gas, petrochemical, power generation, and industrial manufacturing. Headquartered in Houston, Texas, the company provides solutions across the life cycle of energy and industrial assets, with an emphasis on safety, reliability and operational efficiency.

The company’s core product portfolio includes piping systems and related components (such as valves, fittings, flanges and gaskets), instrumentation, electrical and automation equipment, fasteners, industrial safety supplies, chemicals and composite products.