45,001 Shares in DNOW Inc. $DNOW Acquired by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations purchased a new position in shares of DNOW Inc. (NYSE:DNOW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 45,001 shares of the oil and gas company’s stock, valued at approximately $596,000.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. acquired a new stake in shares of DNOW during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of DNOW by 190.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,423 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 1,589 shares during the period. Parkside Financial Bank & Trust lifted its stake in 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 valued at $40,000 after acquiring an additional 2,501 shares during the last quarter. Investors Research Corp lifted its stake in DNOW by 61.1% in the fourth quarter. Investors Research Corp now owns 3,001 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in DNOW in the third quarter valued at approximately $44,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DNOW has been the subject of a number of analyst reports. 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 note on Friday, February 27th. Stifel Nicolaus reduced their target price 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. Finally, Zacks Research cut shares of DNOW from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

DNOW Trading Down 0.5%

Shares of DNOW stock opened at $13.42 on Friday. DNOW Inc. has a 1 year low of $10.94 and a 1 year high of $17.26. The firm’s fifty day simple moving average is $12.05 and its 200 day simple moving average is $13.51. The firm has a market capitalization of $2.50 billion, a P/E ratio of -46.29 and a beta of 0.85. The company has a current ratio of 2.34, a quick ratio of 1.11 and a debt-to-equity ratio of 0.18.

DNOW (NYSE:DNOW) last announced its earnings results on Friday, February 20th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. DNOW had a negative net margin of 2.66% and a positive return on equity of 7.26%. The business had revenue of $959.00 million for the quarter, compared to analyst estimates of $969.50 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. DNOW’s revenue was up 68.0% compared to the same quarter last year. As a group, sell-side analysts predict that DNOW Inc. will post 0.66 EPS 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.