South Dakota Investment Council raised its holdings in NOW Inc. (NYSE:DNOW) by 15.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 211,462 shares of the oil and gas company’s stock after purchasing an additional 28,200 shares during the quarter. South Dakota Investment Council owned 0.20% of NOW worth $2,920,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Amalgamated Bank boosted its holdings in NOW by 0.7% in the second quarter. Amalgamated Bank now owns 15,153 shares of the oil and gas company’s stock valued at $244,000 after purchasing an additional 105 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of NOW by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,765 shares of the oil and gas company’s stock worth $270,000 after acquiring an additional 115 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of NOW by 1.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 29,396 shares of the oil and gas company’s stock worth $473,000 after acquiring an additional 413 shares in the last quarter. Global Endowment Management LP boosted its stake in shares of NOW by 5.7% during the 2nd quarter. Global Endowment Management LP now owns 11,180 shares of the oil and gas company’s stock worth $180,000 after acquiring an additional 600 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of NOW by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 45,400 shares of the oil and gas company’s stock worth $730,000 after acquiring an additional 700 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

Shares of NOW Inc. (NYSE:DNOW) opened at $10.26 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.72 and a debt-to-equity ratio of 0.14. NOW Inc. has a 1-year low of $9.75 and a 1-year high of $23.53.

NOW (NYSE:DNOW) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. NOW had a negative net margin of 4.77% and a negative return on equity of 5.17%. The company had revenue of $697.00 million during the quarter, compared to the consensus estimate of $701.29 million. During the same quarter in the prior year, the firm earned ($0.34) EPS. NOW’s quarterly revenue was up 34.0% on a year-over-year basis. equities analysts forecast that NOW Inc. will post -0.34 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of NOW from a “sell” rating to a “strong sell” rating in a research note on Friday, November 10th. Robert W. Baird reissued a “hold” rating and set a $13.00 target price on shares of NOW in a research note on Friday, November 3rd. Credit Suisse Group lowered their target price on shares of NOW from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $24.00 target price on shares of NOW in a research note on Thursday, November 2nd. Finally, Citigroup Inc. downgraded shares of NOW from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $11.00 in a research report on Thursday, November 2nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.20.

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NOW 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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