DNOW Inc. $DNOW Shares Bought by Bokf Na

Bokf Na raised its holdings in DNOW Inc. (NYSE:DNOW) by 13,223.9% in the 4th quarter, HoldingsChannel reports. The fund owned 393,456 shares of the oil and gas company’s stock after acquiring an additional 390,503 shares during the period. Bokf Na’s holdings in DNOW were worth $5,213,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in DNOW in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake 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 period. SBI Securities Co. Ltd. grew its stake in shares of DNOW by 17,756.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,857 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 2,841 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of DNOW by 2,101.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,620 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 2,501 shares during the period. Finally, Investors Research Corp grew its stake in shares of DNOW by 61.1% during the 4th quarter. Investors Research Corp now owns 3,001 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 1,138 shares during the period. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of DNOW from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Wall Street Zen cut shares of DNOW from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings cut shares of DNOW from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Finally, Zacks Research cut shares of DNOW from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.00.

DNOW Stock Performance

NYSE:DNOW opened at $13.50 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.34 and a quick ratio of 1.11. The firm has a 50-day moving average of $12.09 and a two-hundred day moving average of $13.49. The stock has a market cap of $2.51 billion, a P/E ratio of -46.54 and a beta of 0.85. DNOW Inc. has a 1-year low of $10.94 and a 1-year high of $17.26.

DNOW (NYSE:DNOW) last posted its quarterly earnings data on Friday, February 20th. The oil and gas company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $959.00 million during the quarter, compared to analysts’ expectations of $969.50 million. DNOW had a negative net margin of 2.66% and a positive return on equity of 7.26%. The firm’s revenue for the quarter was up 68.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS. On average, research analysts expect that DNOW Inc. will post 0.66 earnings per share for the current fiscal year.

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.