Deutsche Bank AG Purchases 28,937 Shares of DNOW Inc. (NYSE:DNOW)

Deutsche Bank AG increased its holdings in shares of DNOW Inc. (NYSE:DNOW - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 183,020 shares of the oil and gas company's stock after buying an additional 28,937 shares during the quarter. Deutsche Bank AG owned 0.17% of DNOW worth $2,381,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of DNOW by 78.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,010 shares of the oil and gas company's stock worth $26,000 after acquiring an additional 885 shares during the last quarter. Quarry LP increased its position in DNOW by 69.2% during the 4th quarter. Quarry LP now owns 5,578 shares of the oil and gas company's stock worth $73,000 after purchasing an additional 2,281 shares in the last quarter. KBC Group NV lifted its stake in DNOW by 72.4% in the 4th quarter. KBC Group NV now owns 6,560 shares of the oil and gas company's stock valued at $85,000 after purchasing an additional 2,754 shares during the last quarter. Polymer Capital Management US LLC acquired a new stake in DNOW in the fourth quarter valued at approximately $192,000. Finally, Pictet Asset Management Holding SA boosted its position in DNOW by 23.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 15,760 shares of the oil and gas company's stock valued at $205,000 after buying an additional 2,947 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

DNOW Stock Up 0.0%

Shares of DNOW stock traded up $0.01 during trading hours on Wednesday, hitting $14.80. 73,372 shares of the company's stock traded hands, compared to its average volume of 1,099,004. The stock has a market cap of $1.56 billion, a PE ratio of 20.27 and a beta of 1.20. The stock's 50 day simple moving average is $15.64 and its 200 day simple moving average is $14.99. DNOW Inc. has a 12 month low of $11.42 and a 12 month high of $18.45.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DNOW shares. Susquehanna dropped their price target on DNOW from $19.00 to $18.00 and set a "neutral" rating for the company in a research note 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 reduced their price target on DNOW from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

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.