Barrow Hanley Mewhinney & Strauss LLC Trims Position in DNOW Inc. (NYSE:DNOW)

Barrow Hanley Mewhinney & Strauss LLC lessened its position in DNOW Inc. (NYSE:DNOW - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,524,050 shares of the oil and gas company's stock after selling 151,299 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.33% of DNOW worth $45,848,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of DNOW. Charles Schwab Investment Management Inc. lifted its holdings in shares of DNOW by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,091,660 shares of the oil and gas company's stock worth $27,212,000 after purchasing an additional 25,402 shares in the last quarter. Amundi raised its holdings in DNOW by 186.4% during the fourth quarter. Amundi now owns 51,501 shares of the oil and gas company's stock worth $667,000 after buying an additional 33,520 shares during the last quarter. KBC Group NV lifted its stake in shares of DNOW by 72.4% in the fourth quarter. KBC Group NV now owns 6,560 shares of the oil and gas company's stock valued at $85,000 after buying an additional 2,754 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of DNOW by 6.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,843,620 shares of the oil and gas company's stock valued at $23,985,000 after buying an additional 112,135 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of DNOW during the fourth quarter valued at about $2,887,000. Institutional investors own 97.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DNOW shares. Stifel Nicolaus lowered their target price on shares of DNOW from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Susquehanna lowered their price objective on DNOW from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen raised DNOW from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th.

DNOW Trading Down 0.1%

Shares of DNOW stock traded down $0.02 during trading on Wednesday, hitting $14.77. The company's stock had a trading volume of 176,791 shares, compared to its average volume of 933,373. The company has a market cap of $1.56 billion, a PE ratio of 20.25 and a beta of 1.20. The business has a fifty day moving average of $15.64 and a 200-day moving average of $14.99. DNOW Inc. has a 52 week low of $11.42 and a 52 week high of $18.45.

DNOW (NYSE:DNOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The firm had revenue of $599.00 million during the quarter, compared to the consensus estimate of $587.17 million. DNOW had a return on equity of 9.04% and a net margin of 3.41%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. As a group, research analysts predict that DNOW Inc. will post 0.86 EPS for the current year.

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.