321,721 Shares in DNOW Inc. $DNOW Bought by CSM Advisors LLC

CSM Advisors LLC purchased a new stake in DNOW Inc. (NYSE:DNOW) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 321,721 shares of the oil and gas company’s stock, valued at approximately $4,771,000. CSM Advisors LLC owned about 0.30% of DNOW at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group lifted its stake in shares of DNOW by 2,650.0% in the first quarter. Brooklyn Investment Group now owns 1,705 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 1,643 shares during the period. Headlands Technologies LLC raised its holdings in DNOW by 21,663.6% during the 1st quarter. Headlands Technologies LLC now owns 2,394 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 2,383 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of DNOW in the 1st quarter worth approximately $58,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of DNOW in the 1st quarter valued at $63,000. Finally, Covestor Ltd increased its position in shares of DNOW by 437.2% during the first quarter. Covestor Ltd now owns 4,507 shares of the oil and gas company’s stock worth $76,000 after buying an additional 3,668 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

DNOW Trading Up 1.1%

DNOW opened at $13.73 on Monday. The company has a fifty day moving average price of $15.05 and a two-hundred day moving average price of $15.04. DNOW Inc. has a 1-year low of $12.56 and a 1-year high of $18.45. The company has a market cap of $1.44 billion, a P/E ratio of 15.78 and a beta of 1.01.

DNOW (NYSE:DNOW) last issued its earnings results on Wednesday, November 5th. The oil and gas company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. DNOW had a return on equity of 9.35% and a net margin of 3.91%.The company had revenue of $634.00 million during the quarter, compared to the consensus estimate of $637.13 million. During the same period last year, the business posted $0.21 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, research analysts forecast that DNOW Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on DNOW. Weiss Ratings restated a “hold (c+)” rating on shares of DNOW in a report on Wednesday, October 8th. Zacks Research downgraded DNOW from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Stifel Nicolaus cut their target price on DNOW from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.00.

DNOW Profile

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.