Bailard Inc. Boosts Stock Holdings in DNOW Inc. (NYSE:DNOW)

Bailard Inc. grew its stake in DNOW Inc. (NYSE:DNOW - Free Report) by 58.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,468 shares of the oil and gas company's stock after acquiring an additional 23,163 shares during the quarter. Bailard Inc. owned about 0.06% of DNOW worth $1,067,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DNOW. Cooper Creek Partners Management LLC grew its holdings in shares of DNOW by 138.7% during the fourth quarter. Cooper Creek Partners Management LLC now owns 579,074 shares of the oil and gas company's stock valued at $7,534,000 after buying an additional 336,474 shares in the last quarter. Millennium Management LLC lifted its holdings in DNOW by 145.4% in the 4th quarter. Millennium Management LLC now owns 520,695 shares of the oil and gas company's stock worth $6,774,000 after purchasing an additional 308,543 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in DNOW in the 4th quarter worth approximately $3,903,000. Norges Bank acquired a new stake in DNOW in the 4th quarter worth approximately $3,856,000. Finally, Integrated Wealth Concepts LLC acquired a new position in DNOW during the 4th quarter worth $3,055,000. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on DNOW shares. Susquehanna cut their price target on DNOW from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wall Street Zen raised DNOW from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Finally, Stifel Nicolaus increased their target price on DNOW from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, June 27th.

DNOW Trading Up 0.4%

Shares of NYSE:DNOW traded up $0.06 during midday trading on Friday, hitting $14.89. The company had a trading volume of 2,132,512 shares, compared to its average volume of 969,147. DNOW Inc. has a 12 month low of $11.42 and a 12 month high of $18.45. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 20.12 and a beta of 1.08. The firm has a fifty day simple moving average of $14.74 and a 200 day simple moving average of $15.09.

DNOW (NYSE:DNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The company had revenue of $599.00 million for the quarter, compared to analyst estimates of $587.17 million. DNOW had a return on equity of 9.00% and a net margin of 3.40%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. Equities analysts forecast that DNOW Inc. will post 0.86 EPS for the current fiscal year.

DNOW Company Profile

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.