DNOW Inc. $DNOW Shares Sold by LSV Asset Management

LSV Asset Management trimmed its stake in shares of DNOW Inc. (NYSE:DNOW) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 745,100 shares of the oil and gas company’s stock after selling 53,200 shares during the quarter. LSV Asset Management owned about 0.70% of DNOW worth $11,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in DNOW by 190.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,423 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 1,589 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of DNOW by 2,101.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,620 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 2,501 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of DNOW during the 3rd quarter valued at $44,000. EMC Capital Management bought a new stake in shares of DNOW in the 2nd quarter worth $101,000. Finally, NorthCrest Asset Manangement LLC acquired a new stake in shares of DNOW in the third quarter valued at $156,000. 97.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of DNOW in a research report on Monday, December 29th. Wall Street Zen upgraded shares of DNOW from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research raised shares of DNOW from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Stifel Nicolaus restated a “buy” rating and issued a $18.00 price target on shares of DNOW in a research report on Monday, November 24th. Finally, KeyCorp set a $19.00 price target on DNOW in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, DNOW presently has an average rating of “Buy” and an average target price of $17.67.

DNOW Price Performance

DNOW stock opened at $16.45 on Friday. DNOW Inc. has a fifty-two week low of $12.01 and a fifty-two week high of $17.83. The firm’s 50 day simple moving average is $14.42 and its 200-day simple moving average is $14.61. The company has a market cap of $1.73 billion, a P/E ratio of 18.90 and a beta of 0.79.

About DNOW

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.