77,000 Shares in DNOW Inc. (NYSE:DNOW) Bought by Polaris Capital Management LLC

Polaris Capital Management LLC bought a new stake in shares of DNOW Inc. (NYSE:DNOW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 77,000 shares of the oil and gas company's stock, valued at approximately $872,000. Polaris Capital Management LLC owned approximately 0.07% of DNOW at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DNOW. Pathstone Family Office LLC raised its position in 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 acquiring an additional 1,986 shares during the period. New York State Teachers Retirement System raised its position in shares of DNOW by 1.2% during the 4th quarter. New York State Teachers Retirement System now owns 216,263 shares of the oil and gas company's stock worth $2,448,000 after purchasing an additional 2,469 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in DNOW by 25.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,666 shares of the oil and gas company's stock valued at $162,000 after buying an additional 2,772 shares in the last quarter. Summit Global Investments boosted its holdings in DNOW by 21.0% in the 4th quarter. Summit Global Investments now owns 16,726 shares of the oil and gas company's stock worth $189,000 after buying an additional 2,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in DNOW by 15.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,518 shares of the oil and gas company's stock worth $300,000 after buying an additional 3,602 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

DNOW Stock Down 10.7 %

Shares of DNOW stock traded down $1.59 on Friday, hitting $13.28. 1,540,263 shares of the company were exchanged, compared to its average volume of 677,768. The company has a 50-day moving average price of $14.72 and a 200 day moving average price of $12.18. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 6.12 and a beta of 1.48. DNOW Inc. has a 1-year low of $8.83 and a 1-year high of $15.57.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DNOW shares. Stifel Nicolaus lifted their price target on DNOW from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. StockNews.com cut shares of DNOW from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 28th. Finally, Susquehanna increased their target price on shares of DNOW from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, April 8th.

DNOW Company Profile

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.