LS Investment Advisors LLC raised its position in shares of NOW Inc. (NYSE:DNOW) by 18.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,916 shares of the oil and gas company’s stock after buying an additional 1,420 shares during the period. LS Investment Advisors LLC’s holdings in NOW were worth $143,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. raised its position in NOW by 0.6% in 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 during the last quarter. State Treasurer State of Michigan raised its position in NOW by 0.9% in 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 during the last quarter. Advantus Capital Management Inc raised its position in NOW by 3.0% in 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 during the last quarter. Oregon Public Employees Retirement Fund raised its position in NOW by 1.3% in 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 during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in NOW by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 27,100 shares of the oil and gas company’s stock worth $460,000 after buying an additional 500 shares during the last quarter. 99.09% of the stock is owned by institutional investors and hedge funds.

Shares of NOW Inc. (DNOW) traded down 0.95% during mid-day trading on Thursday, hitting $12.46. 468,055 shares of the stock were exchanged. NOW Inc. has a 1-year low of $12.31 and a 1-year high of $23.53. The firm’s market cap is $1.34 billion. The company’s 50-day moving average is $15.37 and its 200-day moving average is $17.51.

NOW (NYSE:DNOW) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). NOW had a negative net margin of 7.14% and a negative return on equity of 7.83%. The business had revenue of $651 million for 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% compared to the same quarter last year. Equities research analysts anticipate that NOW Inc. will post ($0.24) earnings per share for the current fiscal year.

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A number of research analysts have issued reports on DNOW shares. Zacks Investment Research raised shares of NOW from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, April 18th. Robert W. Baird raised shares of NOW from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $20.00 to $22.00 in a research note on Wednesday, April 26th. Seaport Global Securities raised shares of NOW from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $22.00 in a research note on Thursday, May 4th. Stephens raised shares of NOW from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $24.00 to $23.00 in a research note on Thursday, May 4th. Finally, Credit Suisse Group reduced their target price on shares of NOW from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. NOW currently has an average rating of “Hold” and a consensus price target of $19.30.

In other news, Director James Crandell acquired 5,000 shares of NOW stock in a transaction that occurred on Thursday, May 25th. The shares were acquired at an average price of $17.53 per share, with a total value of $87,650.00. Following the purchase, the director now directly owns 22,562 shares of the company’s stock, valued at $395,511.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by company insiders.

About NOW

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.

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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