Cambridge Investment Research Advisors Inc. reduced its position in NOW Inc. (NYSE:DNOW) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,526 shares of the oil and gas company’s stock after selling 191 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in NOW were worth $201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DNOW. Meeder Asset Management Inc. grew its position in shares of NOW by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 37,569 shares of the oil and gas company’s stock worth $604,000 after buying an additional 208 shares in the last quarter. State Treasurer State of Michigan grew its position in shares of NOW by 0.9% during the first quarter. State Treasurer State of Michigan now owns 43,627 shares of the oil and gas company’s stock worth $740,000 after buying an additional 400 shares in the last quarter. Advantus Capital Management Inc grew its position in shares of NOW by 3.0% during the first quarter. Advantus Capital Management Inc now owns 13,760 shares of the oil and gas company’s stock worth $233,000 after buying an additional 403 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of NOW by 1.4% during the second quarter. Neuberger Berman Group LLC now owns 29,396 shares of the oil and gas company’s stock worth $473,000 after buying an additional 413 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of NOW by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 37,640 shares of the oil and gas company’s stock worth $638,000 after buying an additional 500 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on the company. J P Morgan Chase & Co lowered their price objective on NOW from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and set a $18.00 price objective on shares of NOW in a research report on Thursday, September 7th. BidaskClub raised NOW from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 6th. Credit Suisse Group set a $15.00 price objective on NOW and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised NOW from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.10.

NOW Inc. (NYSE DNOW) opened at 12.98 on Friday. The firm’s market capitalization is $1.40 billion. The company has a 50-day moving average price of $12.36 and a 200-day moving average price of $15.67. NOW Inc. has a one year low of $11.31 and a one year high of $23.53.

NOW (NYSE:DNOW) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). NOW had a negative return on equity of 7.83% and a negative net margin of 7.14%. The firm had revenue of $651.00 million during the quarter, compared to analyst estimates of $674.97 million. During the same quarter last year, the firm earned ($0.40) EPS. NOW’s quarterly revenue was up 29.9% on a year-over-year basis. On average, equities research analysts anticipate that NOW Inc. will post ($0.24) EPS for the current year.

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NOW Company Profile

NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.

Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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