Bokf Na Increases Stock Position in DNOW Inc. $DNOW

Key Points

• Bokf Na dramatically increased its stake in DNOW by 13,223.9%, adding 390,503 shares to hold 393,456 shares (about 0.37% of the company) valued at roughly $5.21 million; institutional investors now own about 97.63% of DNOW.
• DNOW shares opened at $13.50 (52‑week range $10.94–$17.26) with a market cap of $2.51 billion and a negative P/E of -46.54; revenue jumped 68% year‑over‑year and Q4 EPS of $0.15 met estimates while revenue slightly missed consensus.
• Analyst sentiment is mixed after several downgrades (Weiss, Zacks) and a lowered price target from Stifel; consensus rating is a Hold with an average price target of $17 and an even split of two Buy and two Sell ratings.

Bokf Na raised its holdings in DNOW Inc. (NYSE:DNOW - Free Report) by 13,223.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 393,456 shares of the oil and gas company's stock after purchasing an additional 390,503 shares during the quarter. Bokf Na owned 0.37% of DNOW worth $5,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in DNOW in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in DNOW by 190.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,423 shares of the oil and gas company's stock valued at $36,000 after purchasing an additional 1,589 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in DNOW by 17,756.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,857 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 2,841 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in DNOW by 2,101.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,620 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 2,501 shares in the last quarter. Finally, Investors Research Corp boosted its holdings in DNOW by 61.1% in the 4th quarter. Investors Research Corp now owns 3,001 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 1,138 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

DNOW Trading Down 0.8%

Shares of DNOW opened at $13.50 on Thursday. The stock has a fifty day moving average of $12.09 and a two-hundred day moving average of $13.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.11 and a current ratio of 2.34. The company has a market capitalization of $2.51 billion, a PE ratio of -46.54 and a beta of 0.85. DNOW Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $17.26.

DNOW (NYSE:DNOW - Get Free Report) last issued its quarterly earnings results on Friday, February 20th. The oil and gas company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $959.00 million during the quarter, compared to the consensus estimate of $969.50 million. DNOW had a positive return on equity of 7.26% and a negative net margin of 2.66%.DNOW's revenue was up 68.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. As a group, analysts forecast that DNOW Inc. will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

DNOW has been the topic of a number of analyst reports. Weiss Ratings lowered DNOW from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, February 27th. Zacks Research lowered DNOW from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 24th. Stifel Nicolaus reduced their price target on shares of DNOW from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of DNOW from a "buy" rating to a "hold" rating in a research report on Sunday, March 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, DNOW presently has an average rating of "Hold" and a consensus price target of $17.00.

DNOW Profile

DistributionNOW NYSE: DNOW is a global distributor of energy and industrial products, serving a broad range of end-markets including oil and gas, petrochemical, power generation, and industrial manufacturing. Headquartered in Houston, Texas, the company provides solutions across the life cycle of energy and industrial assets, with an emphasis on safety, reliability and operational efficiency.

The company’s core product portfolio includes piping systems and related components (such as valves, fittings, flanges and gaskets), instrumentation, electrical and automation equipment, fasteners, industrial safety supplies, chemicals and composite products.

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