StockNews.com upgraded shares of DNOW (NYSE:DNOW – Free Report) from a hold rating to a buy rating in a research note published on Thursday morning.
Several other research analysts have also recently weighed in on DNOW. Stifel Nicolaus boosted their price objective on shares of DNOW from $16.00 to $17.00 and gave the stock a buy rating in a research report on Thursday, July 18th. Susquehanna lowered their target price on DNOW from $15.00 to $14.00 and set a neutral rating for the company in a research note on Thursday, July 11th.
Get Our Latest Analysis on DNOW
DNOW Trading Down 0.9 %
Institutional Trading of DNOW
A number of institutional investors have recently bought and sold shares of DNOW. Allspring Global Investments Holdings LLC boosted its position in shares of DNOW by 1,062.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,802 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 2,561 shares during the last quarter. Headlands Technologies LLC acquired a new position in DNOW in the first quarter valued at about $44,000. Quarry LP boosted its holdings in DNOW by 75.6% during the second quarter. Quarry LP now owns 4,433 shares of the oil and gas company’s stock worth $61,000 after buying an additional 1,908 shares during the last quarter. Innealta Capital LLC bought a new position in DNOW during the second quarter worth about $67,000. Finally, CWM LLC grew its position in shares of DNOW by 144.9% during the 2nd quarter. CWM LLC now owns 6,767 shares of the oil and gas company’s stock worth $93,000 after buying an additional 4,004 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.
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.
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