The Manufacturers Life Insurance Company grew its position in shares of NOW Inc (NYSE:DNOW) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 257,025 shares of the oil and gas company’s stock after purchasing an additional 20,515 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in NOW were worth $2,834,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of NOW by 1.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 310,562 shares of the oil and gas company’s stock worth $4,289,000 after purchasing an additional 4,596 shares in the last quarter. Hosking Partners LLP boosted its position in shares of NOW by 0.6% in the 3rd quarter. Hosking Partners LLP now owns 750,436 shares of the oil and gas company’s stock worth $10,364,000 after purchasing an additional 4,626 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its position in shares of NOW by 19.8% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 42,367 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 6,997 shares in the last quarter. Legal & General Group Plc boosted its position in shares of NOW by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 176,686 shares of the oil and gas company’s stock worth $2,437,000 after purchasing an additional 7,795 shares in the last quarter. Finally, American International Group Inc. boosted its position in shares of NOW by 2.7% in the 3rd quarter. American International Group Inc. now owns 292,032 shares of the oil and gas company’s stock worth $4,033,000 after purchasing an additional 7,803 shares in the last quarter.

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In related news, CEO Robert R. Workman acquired 28,550 shares of NOW stock in a transaction dated Tuesday, March 6th. The stock was purchased at an average cost of $10.51 per share, for a total transaction of $300,060.50. Following the purchase, the chief executive officer now directly owns 583,616 shares of the company’s stock, valued at approximately $6,133,804.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

Shares of NOW Inc (NYSE:DNOW) opened at $10.75 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.37 and a current ratio of 2.87. NOW Inc has a 12 month low of $9.12 and a 12 month high of $18.37.

NOW (NYSE:DNOW) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.08. The firm had revenue of $669.00 million during the quarter, compared to analyst estimates of $690.62 million. NOW had a negative return on equity of 2.46% and a negative net margin of 1.96%. NOW’s revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.29) EPS. equities analysts anticipate that NOW Inc will post 0.07 EPS for the current fiscal year.

A number of brokerages have recently commented on DNOW. Stifel Nicolaus reissued a “buy” rating and issued a $15.00 price target (up from $12.50) on shares of NOW in a research report on Tuesday, January 16th. Zacks Investment Research raised NOW from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. ValuEngine cut NOW from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $10.00 price objective (down from $12.00) on shares of NOW in a research report on Tuesday, February 27th. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of NOW in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.50.

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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.

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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