CSM Advisors LLC Buys 44,056 Shares of DNOW Inc. $DNOW

CSM Advisors LLC increased its stake in DNOW Inc. (NYSE:DNOW) by 13.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 365,777 shares of the oil and gas company’s stock after acquiring an additional 44,056 shares during the period. CSM Advisors LLC’s holdings in DNOW were worth $5,577,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DNOW. EverSource Wealth Advisors LLC raised its position 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 valued at $36,000 after purchasing an additional 1,589 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of DNOW by 2,101.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,620 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 2,501 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of DNOW during the 3rd quarter valued at about $44,000. EMC Capital Management bought a new position in shares of DNOW during the 2nd quarter valued at about $101,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of DNOW by 14.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,299 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 937 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DNOW. Stifel Nicolaus dropped 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. Susquehanna upgraded shares of DNOW from a “neutral” rating to a “positive” rating and set a $16.00 price target on the stock in a research report on Friday, November 21st. KeyCorp set a $19.00 price target on shares of DNOW in a research note on Thursday, December 18th. Weiss Ratings lowered shares of DNOW from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 27th. Finally, Wall Street Zen cut shares of DNOW from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DNOW has a consensus rating of “Hold” and an average target price of $17.00.

DNOW Stock Performance

Shares of DNOW stock opened at $11.38 on Monday. The company has a market capitalization of $1.20 billion, a P/E ratio of -39.24 and a beta of 0.80. DNOW Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $17.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.11 and a current ratio of 2.34. The stock has a 50 day moving average price of $14.04 and a two-hundred day moving average price of $14.28.

DNOW (NYSE:DNOW) last issued its earnings results on Friday, February 20th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. DNOW had a negative net margin of 2.66% and a positive return on equity of 7.26%. The firm had revenue of $959.00 million for the quarter, compared to analysts’ expectations of $969.50 million. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue was up 68.0% on a year-over-year basis. Analysts expect that DNOW Inc. will post 0.86 earnings per share for the current year.

DNOW 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.