SeaBridge Investment Advisors LLC lessened its position in NOW Inc (NYSE:DNOW) by 34.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,195 shares of the oil and gas company’s stock after selling 28,382 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in NOW were worth $880,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of DNOW. Bank of Montreal Can lifted its position in shares of NOW by 117.4% in the 2nd quarter. Bank of Montreal Can now owns 1,347,033 shares of the oil and gas company’s stock valued at $17,956,000 after acquiring an additional 727,326 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of NOW in the 2nd quarter valued at approximately $294,000. Baillie Gifford & Co. lifted its position in shares of NOW by 6.5% in the 2nd quarter. Baillie Gifford & Co. now owns 14,343,559 shares of the oil and gas company’s stock valued at $191,199,000 after acquiring an additional 880,642 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of NOW in the 2nd quarter valued at approximately $514,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of NOW by 6.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 65,078 shares of the oil and gas company’s stock valued at $867,000 after acquiring an additional 3,998 shares in the last quarter.

A number of equities research analysts have issued reports on the stock. Cowen assumed coverage on shares of NOW in a research report on Saturday, October 13th. They issued a “hold” rating and a $17.00 target price for the company. Susquehanna Bancshares set a $16.00 target price on shares of NOW and gave the stock a “hold” rating in a research report on Friday, August 3rd. Robert W. Baird reiterated a “hold” rating and issued a $17.00 target price on shares of NOW in a research report on Friday, August 3rd. Stifel Nicolaus increased their target price on shares of NOW from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, ValuEngine upgraded shares of NOW from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.10.

DNOW stock opened at $14.99 on Friday. NOW Inc has a 12-month low of $9.12 and a 12-month high of $18.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.89 and a quick ratio of 1.45. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 173.56 and a beta of 1.06.

NOW (NYSE:DNOW) last announced its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.07. NOW had a net margin of 0.14% and a return on equity of 0.76%. The company had revenue of $777.00 million for the quarter, compared to analyst estimates of $761.78 million. During the same quarter in the prior year, the business posted ($0.10) EPS. NOW’s quarterly revenue was up 19.4% on a year-over-year basis. On average, research analysts expect that NOW Inc will post 0.31 earnings per share for the current fiscal year.

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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