GAMMA Investing LLC Has $542,000 Holdings in DNOW Inc. (NYSE:DNOW)

GAMMA Investing LLC boosted its holdings in shares of DNOW Inc. (NYSE:DNOW - Free Report) by 3,693.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,752 shares of the oil and gas company's stock after acquiring an additional 30,915 shares during the quarter. GAMMA Investing LLC's holdings in DNOW were worth $542,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in shares of DNOW by 78.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,010 shares of the oil and gas company's stock valued at $26,000 after buying an additional 885 shares during the last quarter. Quarry LP lifted its holdings in shares of DNOW by 69.2% during the 4th quarter. Quarry LP now owns 5,578 shares of the oil and gas company's stock valued at $73,000 after buying an additional 2,281 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of DNOW during the 4th quarter valued at about $166,000. Polymer Capital Management US LLC acquired a new stake in shares of DNOW during the 4th quarter valued at about $192,000. Finally, Man Group plc acquired a new stake in shares of DNOW during the 4th quarter valued at about $203,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DNOW has been the subject of several research reports. Wall Street Zen upgraded DNOW from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Susquehanna reduced 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. Finally, Stifel Nicolaus reduced their price target on DNOW from $20.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

DNOW Stock Performance

DNOW opened at $14.95 on Thursday. The business has a 50 day moving average price of $15.23 and a 200 day moving average price of $14.99. DNOW Inc. has a twelve month low of $11.42 and a twelve month high of $18.45. The firm has a market cap of $1.58 billion, a P/E ratio of 20.21 and a beta of 1.09.

DNOW (NYSE:DNOW - Get Free Report) last released 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. DNOW had a net margin of 3.40% and a return on equity of 9.00%. The company had revenue of $599.00 million for the quarter, compared to analyst estimates of $587.17 million. During the same quarter last year, the firm posted $0.21 earnings per share. The company's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts anticipate that DNOW Inc. will post 0.86 earnings per share for the current fiscal 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.

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