XTX Topco Ltd Makes New Investment in DNOW Inc. (NYSE:DNOW)

XTX Topco Ltd purchased a new stake in DNOW Inc. (NYSE:DNOW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,347 shares of the oil and gas company's stock, valued at approximately $518,000.

Other hedge funds have also bought and sold shares of the company. 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 purchasing an additional 1,022 shares during the period. Quarry LP grew its holdings in 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 in the last quarter. CWM LLC grew its holdings in shares of DNOW by 111.0% during the first quarter. CWM LLC now owns 6,726 shares of the oil and gas company's stock worth $115,000 after purchasing an additional 3,539 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of DNOW by 15.9% during the first quarter. Nisa Investment Advisors LLC now owns 7,825 shares of the oil and gas company's stock worth $134,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in shares of DNOW during the fourth quarter worth about $166,000. Institutional investors and hedge funds own 97.63% of the company's stock.

DNOW Stock Performance

NYSE:DNOW traded up $0.11 during trading hours on Friday, reaching $14.98. The stock had a trading volume of 1,209,503 shares, compared to its average volume of 1,594,410. DNOW Inc. has a 52 week low of $11.42 and a 52 week high of $18.45. The company has a 50 day moving average price of $14.82 and a two-hundred day moving average price of $15.28. The stock has a market capitalization of $1.60 billion, a PE ratio of 19.71 and a beta of 1.13.

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, beating analysts' consensus estimates of $0.22 by $0.05. DNOW had a return on equity of 8.97% and a net margin of 3.45%. The company had revenue of $628.00 million during the quarter, compared to analysts' expectations of $612.60 million. During the same quarter in the previous year, the business earned $0.25 EPS. DNOW's revenue was down .8% compared to the same quarter last year. Equities research analysts predict that DNOW Inc. will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

DNOW has been the subject of several research reports. Stifel Nicolaus cut their target price on DNOW from $19.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Wall Street Zen upgraded DNOW from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Finally, Susquehanna reduced 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.

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.