DNOW Inc. $DNOW Stock Holdings Lessened by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC reduced its stake in shares of DNOW Inc. (NYSE:DNOW - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,799 shares of the oil and gas company's stock after selling 20,058 shares during the quarter. Integrated Wealth Concepts LLC owned 0.20% of DNOW worth $3,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group grew its holdings in shares of DNOW by 2,650.0% in the 1st quarter. Brooklyn Investment Group now owns 1,705 shares of the oil and gas company's stock worth $29,000 after acquiring an additional 1,643 shares during the period. GAMMA Investing LLC raised its stake in shares of DNOW by 122.1% during the 1st quarter. GAMMA Investing LLC now owns 1,859 shares of the oil and gas company's stock worth $32,000 after buying an additional 1,022 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of DNOW by 21,663.6% in the 1st quarter. Headlands Technologies LLC now owns 2,394 shares of the oil and gas company's stock worth $41,000 after buying an additional 2,383 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in DNOW in the 1st quarter valued at about $58,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in DNOW during the 1st quarter valued at about $63,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

DNOW Stock Performance

Shares of NYSE DNOW traded down $0.43 during midday trading on Friday, reaching $15.29. 717,404 shares of the company's stock were exchanged, compared to its average volume of 812,210. The stock has a market capitalization of $1.64 billion, a PE ratio of 20.12 and a beta of 1.21. DNOW Inc. has a 52-week low of $11.54 and a 52-week high of $18.45. The business's fifty day moving average price is $15.10 and its two-hundred day moving average price is $15.25.

DNOW (NYSE:DNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $612.60 million. DNOW had a return on equity of 8.97% and a net margin of 3.45%.DNOW's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. Analysts predict that DNOW Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DNOW has been the subject of a number of recent research reports. Zacks Research raised shares of DNOW to a "strong-buy" rating in a research note on Friday, August 8th. Stifel Nicolaus reduced their price objective on DNOW from $19.00 to $18.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $18.00.

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.