DNOW Inc. $DNOW Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its holdings in DNOW Inc. (NYSE:DNOW) by 61.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 230,169 shares of the oil and gas company’s stock after selling 368,941 shares during the quarter. Tudor Investment Corp ET AL’s holdings in DNOW were worth $3,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners purchased a new position in DNOW in the third quarter worth $72,302,000. Wellington Management Group LLP boosted its position in shares of DNOW by 260.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,764,823 shares of the oil and gas company’s stock worth $57,414,000 after purchasing an additional 2,719,594 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of DNOW during the 3rd quarter worth $32,094,000. First Trust Advisors LP grew its stake in shares of DNOW by 470.7% during the 2nd quarter. First Trust Advisors LP now owns 1,952,023 shares of the oil and gas company’s stock worth $28,949,000 after purchasing an additional 1,609,981 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of DNOW by 57.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,797,651 shares of the oil and gas company’s stock valued at $26,659,000 after purchasing an additional 654,490 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Zacks Research cut shares of DNOW from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Stifel Nicolaus dropped their target price on shares of DNOW from $18.00 to $16.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Weiss Ratings lowered DNOW from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Wall Street Zen cut DNOW from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, KeyCorp set a $19.00 price objective on DNOW in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, DNOW has an average rating of “Hold” and a consensus price target of $17.00.

DNOW Stock Down 0.6%

DNOW stock opened at $12.04 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.34 and a quick ratio of 1.11. The company’s 50 day simple moving average is $13.68 and its 200-day simple moving average is $14.04. DNOW Inc. has a 12 month low of $10.94 and a 12 month high of $17.48. The firm has a market capitalization of $2.24 billion, a PE ratio of -41.52 and a beta of 0.79.

DNOW (NYSE:DNOW) last issued its quarterly earnings data 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 positive return on equity of 7.26% and a negative net margin of 2.66%.The firm had revenue of $959.00 million during the quarter, compared to the consensus estimate of $969.50 million. During the same period in the previous year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 68.0% compared to the same quarter last year. Equities analysts expect that DNOW Inc. will post 0.86 earnings per share for the current fiscal year.

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.