DNOW Inc. (NYSE:DNOW) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC increased its position in shares of DNOW Inc. (NYSE:DNOW - Free Report) by 360.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 208,250 shares of the oil and gas company's stock after acquiring an additional 163,044 shares during the period. Voloridge Investment Management LLC owned about 0.20% of DNOW worth $2,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DNOW. Teacher Retirement System of Texas increased its position in shares of DNOW by 0.8% during the fourth quarter. Teacher Retirement System of Texas now owns 100,117 shares of the oil and gas company's stock valued at $1,303,000 after acquiring an additional 792 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in DNOW by 78.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,010 shares of the oil and gas company's stock worth $26,000 after purchasing an additional 885 shares during the last quarter. Highland Capital Management LLC increased its holdings in shares of DNOW by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 17,514 shares of the oil and gas company's stock worth $228,000 after buying an additional 1,097 shares during the period. CoreCommodity Management LLC increased its holdings in shares of DNOW by 1.4% in the fourth quarter. CoreCommodity Management LLC now owns 95,471 shares of the oil and gas company's stock worth $1,242,000 after buying an additional 1,364 shares during the period. Finally, Legal & General Group Plc increased its holdings in DNOW by 0.7% during the 4th quarter. Legal & General Group Plc now owns 305,467 shares of the oil and gas company's stock valued at $3,974,000 after purchasing an additional 2,132 shares during the period. Institutional investors own 97.63% of the company's stock.

Wall Street Analysts Forecast Growth

DNOW has been the topic of a number of analyst reports. Susquehanna dropped their price target on DNOW from $19.00 to $18.00 and set a "neutral" rating on the stock in a research 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 lowered their price target on shares of DNOW from $20.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

DNOW Trading Down 1.0%

Shares of NYSE:DNOW traded down $0.15 on Friday, hitting $14.42. 622,308 shares of the company were exchanged, compared to its average volume of 936,888. DNOW Inc. has a 1-year low of $11.42 and a 1-year high of $18.45. The stock's 50 day moving average price is $15.52 and its 200 day moving average price is $14.98. The firm has a market capitalization of $1.52 billion, a P/E ratio of 19.75 and a beta of 1.20.

DNOW (NYSE:DNOW - Get Free Report) last released its earnings results on Wednesday, May 7th. The oil and gas company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $599.00 million during 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 quarter in the previous year, the company earned $0.21 earnings per share. On average, equities analysts predict that DNOW Inc. will post 0.86 EPS 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.