Bridgeway Capital Management LLC Sells 72,571 Shares of DNOW Inc. (NYSE:DNOW)

Bridgeway Capital Management LLC decreased its position in shares of DNOW Inc. (NYSE:DNOW - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 973,089 shares of the oil and gas company's stock after selling 72,571 shares during the period. Bridgeway Capital Management LLC owned about 0.92% of DNOW worth $12,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of DNOW by 9.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,307,678 shares of the oil and gas company's stock valued at $82,063,000 after purchasing an additional 543,403 shares during the last quarter. Cooper Creek Partners Management LLC grew its position in shares of DNOW by 138.7% during the 4th quarter. Cooper Creek Partners Management LLC now owns 579,074 shares of the oil and gas company's stock worth $7,534,000 after buying an additional 336,474 shares during the period. Raymond James Financial Inc. bought a new stake in shares of DNOW during the fourth quarter worth approximately $3,903,000. Norges Bank acquired a new position in DNOW in the fourth quarter valued at approximately $3,856,000. Finally, Integrated Wealth Concepts LLC bought a new position in DNOW in the fourth quarter valued at approximately $3,055,000. Institutional investors own 97.63% of the company's stock.

DNOW Trading Up 0.4 %

Shares of DNOW stock traded up $0.06 on Friday, hitting $14.60. The stock had a trading volume of 1,280,933 shares, compared to its average volume of 938,393. DNOW Inc. has a twelve month low of $11.42 and a twelve month high of $18.45. The company has a fifty day moving average price of $15.69 and a two-hundred day moving average price of $14.73. The firm has a market cap of $1.54 billion, a P/E ratio of 20.00 and a beta of 1.20.

DNOW (NYSE:DNOW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. DNOW had a return on equity of 9.04% and a net margin of 3.41%. The company had revenue of $599.00 million for the quarter, compared to analyst estimates of $587.17 million. During the same quarter last year, the firm posted $0.21 earnings per share. DNOW's revenue was up 6.4% compared to the same quarter last year. On average, analysts expect that DNOW Inc. will post 0.86 earnings per share for the current year.

DNOW announced that its board has approved a stock repurchase plan on Friday, January 24th that authorizes the company to repurchase $160.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

DNOW has been the topic of a number of analyst reports. StockNews.com raised DNOW from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Stifel Nicolaus reduced their target price on DNOW from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Susquehanna decreased their target price on DNOW from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, April 14th.

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.