DNOW Inc. (NYSE:DNOW) Shares Sold by Monaco Asset Management SAM

Monaco Asset Management SAM lessened its stake in DNOW Inc. (NYSE:DNOW - Free Report) by 58.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,771 shares of the oil and gas company's stock after selling 177,985 shares during the quarter. Monaco Asset Management SAM owned approximately 0.12% of DNOW worth $1,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in DNOW during the 3rd quarter valued at $489,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DNOW by 36.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,916 shares of the oil and gas company's stock valued at $272,000 after purchasing an additional 6,137 shares during the period. Strs Ohio purchased a new stake in DNOW during the 3rd quarter worth about $415,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in DNOW by 9.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,176,839 shares of the oil and gas company's stock worth $13,969,000 after purchasing an additional 98,110 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new position in DNOW during the 3rd quarter valued at about $709,000. 97.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DNOW has been the subject of a number of recent analyst reports. StockNews.com lowered shares of DNOW from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 28th. Susquehanna boosted their price objective on DNOW from $13.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Finally, Stifel Nicolaus lifted their target price on shares of DNOW from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, March 28th.

DNOW Stock Down 10.7 %

Shares of NYSE DNOW traded down $1.59 during trading hours on Friday, reaching $13.28. 1,540,263 shares of the stock traded hands, compared to its average volume of 677,768. DNOW Inc. has a 52-week low of $8.83 and a 52-week high of $15.57. The company's 50-day simple moving average is $14.72 and its two-hundred day simple moving average is $12.17. The company has a market capitalization of $1.45 billion, a P/E ratio of 6.12 and a beta of 1.48.

DNOW (NYSE:DNOW - Get Free Report) last announced its quarterly earnings data on Friday, May 10th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.02). The business had revenue of $563.00 million during the quarter, compared to analysts' expectations of $569.15 million. DNOW had a net margin of 10.64% and a return on equity of 11.60%. DNOW's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. As a group, sell-side analysts forecast that DNOW Inc. will post 1.04 earnings per share 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.