Cascade Investment Advisors Inc. lowered its stake in shares of NOW Inc (NYSE:DNOW) by 2.5% during the 1st quarter, HoldingsChannel reports. The fund owned 65,250 shares of the oil and gas company’s stock after selling 1,650 shares during the period. Cascade Investment Advisors Inc.’s holdings in NOW were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DNOW. PNC Financial Services Group Inc. lifted its position in shares of NOW by 267.5% during the third quarter. PNC Financial Services Group Inc. now owns 21,465 shares of the oil and gas company’s stock worth $355,000 after acquiring an additional 15,624 shares in the last quarter. BlackRock Inc. lifted its position in shares of NOW by 1.2% during the third quarter. BlackRock Inc. now owns 11,882,925 shares of the oil and gas company’s stock worth $196,662,000 after acquiring an additional 141,825 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of NOW during the third quarter worth $493,000. Tower Research Capital LLC TRC lifted its position in shares of NOW by 342.5% during the third quarter. Tower Research Capital LLC TRC now owns 12,816 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 9,920 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of NOW by 91.3% during the third quarter. JPMorgan Chase & Co. now owns 670,933 shares of the oil and gas company’s stock worth $11,103,000 after acquiring an additional 320,212 shares in the last quarter.

DNOW opened at $15.27 on Monday. The firm has a market capitalization of $1.64 billion, a P/E ratio of 42.42 and a beta of 1.40. The company has a current ratio of 2.76, a quick ratio of 1.40 and a debt-to-equity ratio of 0.11. NOW Inc has a 52 week low of $10.36 and a 52 week high of $18.56.

NOW (NYSE:DNOW) last posted its earnings results on Thursday, February 14th. The oil and gas company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $772.87 million. NOW had a net margin of 1.66% and a return on equity of 3.24%. NOW’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. As a group, sell-side analysts anticipate that NOW Inc will post 0.43 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded NOW from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. ValuEngine upgraded NOW from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Stifel Nicolaus downgraded NOW from a “buy” rating to a “hold” rating and dropped their target price for the stock from $17.00 to $13.00 in a research report on Wednesday, December 19th. Seven investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $15.40.

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NOW Profile

NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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