30,347 Shares in DNOW Inc. (NYSE:DNOW) Purchased by XTX Topco Ltd

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DNOW. GAMMA Investing LLC grew its stake in shares of DNOW by 122.1% during the first quarter. GAMMA Investing LLC now owns 1,859 shares of the oil and gas company's stock valued at $32,000 after acquiring an additional 1,022 shares in the last quarter. Quarry LP lifted its stake in shares of DNOW by 69.2% in the fourth quarter. Quarry LP now owns 5,578 shares of the oil and gas company's stock worth $73,000 after acquiring an additional 2,281 shares in the last quarter. CWM LLC boosted its holdings in DNOW by 111.0% in the first quarter. CWM LLC now owns 6,726 shares of the oil and gas company's stock valued at $115,000 after purchasing an additional 3,539 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in DNOW by 15.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 7,825 shares of the oil and gas company's stock valued at $134,000 after purchasing an additional 1,073 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in DNOW during the 4th quarter valued at approximately $166,000. Hedge funds and other institutional investors own 97.63% of the company's stock.

DNOW Price Performance

NYSE:DNOW traded up $0.11 during mid-day trading on Friday, reaching $14.98. The stock had a trading volume of 1,209,503 shares, compared to its average volume of 1,163,316. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 19.71 and a beta of 1.13. DNOW Inc. has a 1-year low of $11.42 and a 1-year high of $18.45. The stock's 50 day simple moving average is $14.81 and its two-hundred day simple moving average is $15.26.

DNOW (NYSE:DNOW - Get Free Report) last issued its earnings results on Wednesday, August 6th. The oil and gas company reported $0.27 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $612.60 million. During the same quarter last year, the firm earned $0.25 EPS. The business's revenue was down .8% on a year-over-year basis. Sell-side analysts anticipate that DNOW Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their target price on DNOW from $19.00 to $18.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Susquehanna dropped their price target on shares of DNOW from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded shares of DNOW from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th.

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.