Louisiana State Employees Retirement System Takes $602,000 Position in DNOW Inc. (NYSE:DNOW)

Louisiana State Employees Retirement System acquired a new position in shares of DNOW Inc. (NYSE:DNOW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 53,200 shares of the oil and gas company's stock, valued at approximately $602,000. Louisiana State Employees Retirement System owned 0.05% of DNOW as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DNOW. Oppenheimer & Co. Inc. lifted its position in shares of DNOW by 25.4% during the third quarter. Oppenheimer & Co. Inc. now owns 13,666 shares of the oil and gas company's stock worth $162,000 after purchasing an additional 2,772 shares during the last quarter. Bailard Inc. bought a new stake in shares of DNOW during the third quarter worth $210,000. Pathstone Family Office LLC lifted its position in shares of DNOW by 10.2% during the third quarter. Pathstone Family Office LLC now owns 21,487 shares of the oil and gas company's stock worth $255,000 after purchasing an additional 1,986 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DNOW by 36.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,916 shares of the oil and gas company's stock worth $272,000 after purchasing an additional 6,137 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of DNOW during the third quarter worth $415,000. 97.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Susquehanna lifted their target price on DNOW from $13.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. StockNews.com downgraded DNOW from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus lifted their target price on DNOW from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th.

DNOW Stock Up 0.7 %

Shares of DNOW stock traded up $0.10 on Monday, hitting $14.74. The stock had a trading volume of 629,978 shares, compared to its average volume of 1,098,275. The business has a 50 day moving average price of $14.53 and a 200 day moving average price of $11.99. The company has a market cap of $1.60 billion, a PE ratio of 6.47 and a beta of 1.48. DNOW Inc. has a one year low of $8.83 and a one year high of $15.57.

DNOW (NYSE:DNOW - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. The firm had revenue of $555.00 million during the quarter, compared to the consensus estimate of $540.83 million. DNOW had a return on equity of 11.60% and a net margin of 10.64%. The firm's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. Equities research analysts expect that DNOW Inc. will post 1.02 EPS for the current 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.