DNOW Inc. (NYSE:DNOW) Shares Acquired by Royce & Associates LP

Royce & Associates LP raised its holdings in shares of DNOW Inc. (NYSE:DNOW) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 612,638 shares of the oil and gas company’s stock after acquiring an additional 56,787 shares during the quarter. Royce & Associates LP owned approximately 0.58% of DNOW worth $7,921,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised DNOW from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th.

DNOW Stock Down 1.5 %

DNOW opened at $14.37 on Monday. The business has a 50 day moving average price of $12.70 and a two-hundred day moving average price of $13.31. The company has a market cap of $1.52 billion, a PE ratio of 7.68 and a beta of 1.45. DNOW Inc. has a 52 week low of $9.44 and a 52 week high of $15.65.

DNOW (NYSE:DNOW) last posted its quarterly earnings data 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. The firm had revenue of $606.00 million during the quarter, compared to the consensus estimate of $614.92 million. DNOW had a return on equity of 8.90% and a net margin of 8.70%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. As a group, sell-side analysts expect that DNOW Inc. will post 0.84 EPS for the current fiscal year.

About DNOW

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.