DNOW Inc. (NYSE:DNOW) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in DNOW Inc. (NYSE:DNOW - Free Report) by 307.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,821 shares of the oil and gas company's stock after acquiring an additional 71,535 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of DNOW worth $1,234,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in 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 raised its holdings in DNOW by 69.2% during the fourth 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 raised its holdings in DNOW by 72.4% during the fourth quarter. KBC Group NV now owns 6,560 shares of the oil and gas company's stock worth $85,000 after purchasing an additional 2,754 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in DNOW during the fourth quarter worth approximately $192,000. Finally, Pictet Asset Management Holding SA raised its holdings in DNOW by 23.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,760 shares of the oil and gas company's stock worth $205,000 after purchasing an additional 2,947 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

Wall Street Analysts Forecast Growth

DNOW has been the topic of a number of research analyst reports. Susquehanna cut their price objective on shares of DNOW from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wall Street Zen raised shares of DNOW from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Finally, Stifel Nicolaus cut their price objective 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.

DNOW Stock Performance

DNOW stock traded down $0.03 during midday trading on Friday, reaching $14.56. 526,901 shares of the company were exchanged, compared to its average volume of 936,669. DNOW Inc. has a 1-year low of $11.42 and a 1-year high of $18.45. The stock's 50-day simple moving average is $15.70 and its 200 day simple moving average is $14.99. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 19.95 and a beta of 1.20.

DNOW (NYSE:DNOW - Get Free Report) last announced its 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 business had revenue of $599.00 million for the quarter, compared to analysts' expectations of $587.17 million. DNOW had a net margin of 3.41% and a return on equity of 9.04%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. On average, research analysts anticipate that DNOW Inc. will post 0.86 earnings per share for the current year.

DNOW 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.