DNOW Inc. (NYSE:DNOW) Stock Holdings Lifted by Bailard Inc.

Bailard Inc. grew its stake in shares of DNOW Inc. (NYSE:DNOW) by 149.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 44,100 shares of the oil and gas company’s stock after buying an additional 26,400 shares during the quarter. Bailard Inc.’s holdings in DNOW were worth $499,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DNOW. SG Americas Securities LLC acquired a new position in shares of DNOW in the 3rd quarter valued at $489,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in DNOW by 36.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,916 shares of the oil and gas company’s stock valued at $272,000 after buying an additional 6,137 shares in the last quarter. Strs Ohio acquired a new position in shares of DNOW in the third quarter worth about $415,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of DNOW by 9.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,176,839 shares of the oil and gas company’s stock worth $13,969,000 after acquiring an additional 98,110 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC raised its holdings in shares of DNOW by 7.8% during the third quarter. SeaBridge Investment Advisors LLC now owns 82,637 shares of the oil and gas company’s stock valued at $981,000 after acquiring an additional 6,009 shares during the period. 97.63% of the stock is owned by institutional investors.

DNOW Price Performance

NYSE DNOW opened at $14.63 on Friday. The company has a 50 day simple moving average of $14.53 and a 200-day simple moving average of $11.99. DNOW Inc. has a 52-week low of $8.83 and a 52-week high of $15.57. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 6.47 and a beta of 1.48.

DNOW (NYSE:DNOW) last released its earnings results on Thursday, February 15th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The company had revenue of $555.00 million during the quarter, compared to the consensus estimate of $540.83 million. DNOW had a net margin of 10.64% and a return on equity of 11.60%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, analysts predict that DNOW Inc. will post 1.02 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on DNOW. StockNews.com lowered shares of DNOW from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. Stifel Nicolaus raised their target price on DNOW from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Susquehanna lifted their price target on DNOW from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, April 8th.

About DNOW

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.