685,617 Shares in DNOW Inc. $DNOW Bought by Tejara Capital Ltd

Tejara Capital Ltd bought a new stake in DNOW Inc. (NYSE:DNOW) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 685,617 shares of the oil and gas company’s stock, valued at approximately $9,084,000. DNOW comprises 2.1% of Tejara Capital Ltd’s holdings, making the stock its 8th biggest holding.

Several other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in DNOW during the 4th quarter worth $25,000. EverSource Wealth Advisors LLC grew its position in shares of DNOW by 190.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,423 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 1,589 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of DNOW by 17,756.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,857 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 2,841 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of DNOW by 2,101.7% in the third quarter. Parkside Financial Bank & Trust now owns 2,620 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 2,501 shares during the period. Finally, Investors Research Corp increased its stake in shares of DNOW by 61.1% in the fourth quarter. Investors Research Corp now owns 3,001 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 1,138 shares during the period. Institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DNOW. Stifel Nicolaus decreased their target price on DNOW from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Weiss Ratings downgraded DNOW from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Zacks Research lowered DNOW from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen cut DNOW from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, DNOW has an average rating of “Hold” and a consensus price target of $17.00.

DNOW Stock Performance

NYSE:DNOW opened at $13.35 on Friday. The firm’s 50-day moving average is $12.24 and its 200-day moving average is $13.43. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -18.28 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 2.42. DNOW Inc. has a 52-week low of $10.94 and a 52-week high of $17.26.

DNOW (NYSE:DNOW) last released its earnings results on Thursday, May 7th. The oil and gas company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). DNOW had a negative net margin of 4.14% and a positive return on equity of 4.94%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business posted $0.22 EPS. The firm’s quarterly revenue was up 97.5% on a year-over-year basis. Equities research analysts anticipate that DNOW Inc. will post 0.47 earnings per share for the current 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.