DNOW Inc. $DNOW Position Lessened by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in shares of DNOW Inc. (NYSE:DNOW) by 93.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,144 shares of the oil and gas company’s stock after selling 82,224 shares during the period. Public Employees Retirement System of Ohio’s holdings in DNOW were worth $73,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of DNOW during the 4th quarter worth about $25,000. Quarry LP lifted its holdings in shares of DNOW by 712.6% during the 4th quarter. Quarry LP now owns 1,942 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 1,703 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of DNOW by 190.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,423 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 1,589 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of DNOW by 132.5% in the 4th quarter. Clearstead Advisors LLC now owns 2,427 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 1,383 shares in the last quarter. Finally, Arax Advisory Partners grew its stake in shares of DNOW by 336.3% in the 4th quarter. Arax Advisory Partners now owns 2,797 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 2,156 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Trending Headlines about DNOW

Here are the key news stories impacting DNOW this week:

• Positive Sentiment: Quarterly results exceeded expectations. DNOW reported revenue of $1.307 billion versus the $1.27 billion analyst estimate, while adjusted EPS of $0.12 surpassed the $0.08–$0.09 consensus range. Revenue rose 10% sequentially and 108.1% year over year, helped by stronger U.S. activity. DNOW Reports Second Quarter 2026 Results
• Positive Sentiment: Cash flow and operating performance improved. Operating cash flow reached a record $133 million, adjusted EBITDA increased 54% sequentially to $60 million, and net-debt leverage improved to 1.7 times. Management also highlighted record annualized U.S. midstream revenue above $1 billion and stronger sequential growth in gas utility and upstream markets. DNOW Strong Second Quarter Results
• Positive Sentiment: Shareholder returns provided additional support. DNOW repurchased $25 million of stock during the quarter and $75 million year to date under its $160 million authorization, signaling management’s confidence in the company’s cash generation and long-term strategy. DNOW Beats Q2 Estimates
• Neutral Sentiment: Profitability remains mixed. Despite the adjusted profit, DNOW posted a GAAP net loss of $21 million, or $0.11 per diluted share. Gross margin was 18.6%, below 20.5% a year earlier, and adjusted EPS declined from $0.27 in the comparable quarter.
• Negative Sentiment: Legal risk has become more prominent. Rosen Law Firm and Bronstein, Gewirtz & Grossman announced securities class actions alleging DNOW and certain officers violated federal securities laws in connection with the company’s 2025 special meeting. Investors seeking lead-plaintiff status face an October 2, 2026 deadline. The allegations could create legal costs, management distraction and reputational risk, although the claims have not been proven. DNOW Securities Class Action

DNOW Stock Performance

DNOW opened at $15.54 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 2.42. The company has a market cap of $2.84 billion, a PE ratio of -21.29 and a beta of 0.82. The stock has a 50-day moving average of $13.55 and a 200-day moving average of $13.32. DNOW Inc. has a 52-week low of $10.94 and a 52-week high of $17.26.

DNOW (NYSE:DNOW) last issued its quarterly earnings data on Thursday, August 6th. The oil and gas company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. DNOW had a positive return on equity of 4.94% and a negative net margin of 4.14%.The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business earned $0.27 EPS. The firm’s revenue was up 108.1% compared to the same quarter last year. As a group, equities research analysts forecast that DNOW Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DNOW has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DNOW in a research report on Wednesday, May 27th. DA Davidson initiated coverage on shares of DNOW in a research report on Tuesday, June 16th. They issued a “buy” rating and a $17.00 target price for the company. Freedom Capital raised shares of DNOW to a “strong-buy” rating in a research report on Monday, June 22nd. Zacks Research upgraded shares of DNOW from a “strong sell” rating to a “hold” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen downgraded shares of DNOW from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DNOW presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

DNOW Profile

DistributionNOW (NYSE: DNOW) is a global distributor of energy and industrial products, serving a broad range of end-markets including oil and gas, petrochemical, power generation, and industrial manufacturing. Headquartered in Houston, Texas, the company provides solutions across the life cycle of energy and industrial assets, with an emphasis on safety, reliability and operational efficiency.

The company’s core product portfolio includes piping systems and related components (such as valves, fittings, flanges and gaskets), instrumentation, electrical and automation equipment, fasteners, industrial safety supplies, chemicals and composite products.