Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.74 Million Investment in DNOW Inc. (NYSE:DNOW)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in DNOW Inc. (NYSE:DNOW - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 218,765 shares of the oil and gas company's stock, valued at approximately $3,737,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.21% of DNOW as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of DNOW in the 1st quarter valued at approximately $220,000. GAMMA Investing LLC boosted its holdings in shares of DNOW by 122.1% in the 1st quarter. GAMMA Investing LLC now owns 1,859 shares of the oil and gas company's stock valued at $32,000 after buying an additional 1,022 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of DNOW by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 526,101 shares of the oil and gas company's stock valued at $8,986,000 after buying an additional 12,797 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of DNOW by 6.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,843,620 shares of the oil and gas company's stock valued at $23,985,000 after buying an additional 112,135 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of DNOW in the 1st quarter valued at approximately $250,000. Institutional investors and hedge funds own 97.63% of the company's stock.

DNOW Stock Down 4.3%

Shares of DNOW traded down $0.67 during trading hours on Friday, hitting $14.89. The company had a trading volume of 625,560 shares, compared to its average volume of 1,134,786. The business has a fifty day moving average of $14.77 and a 200-day moving average of $15.21. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 20.08 and a beta of 1.08. 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 posted its earnings results on Wednesday, May 7th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The company had revenue of $599.00 million during the quarter, compared to analysts' expectations of $587.17 million. DNOW had a net margin of 3.40% and a return on equity of 9.00%. DNOW's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. On average, equities analysts expect that DNOW Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DNOW shares. Susquehanna cut their price objective on DNOW from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Stifel Nicolaus cut their price objective on DNOW from $19.00 to $18.00 and set a "buy" rating for the company in a report on Monday, July 21st. Finally, Wall Street Zen raised DNOW from a "hold" rating to a "buy" rating in a report on Saturday, April 26th.

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.