DNOW Inc. $DNOW Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC boosted its holdings in DNOW Inc. (NYSE:DNOW) by 29.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,437,321 shares of the oil and gas company’s stock after acquiring an additional 329,903 shares during the quarter. Bridgeway Capital Management LLC owned 1.37% of DNOW worth $19,045,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DNOW. Vanguard Group Inc. increased its position in DNOW by 66.1% in the 4th quarter. Vanguard Group Inc. now owns 19,498,204 shares of the oil and gas company’s stock valued at $258,351,000 after acquiring an additional 7,762,071 shares during the period. Boston Partners acquired a new stake in DNOW in the 3rd quarter valued at approximately $72,302,000. Pzena Investment Management LLC acquired a new stake in DNOW in the 4th quarter valued at approximately $55,135,000. Dimensional Fund Advisors LP increased its position in DNOW by 60.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,374,585 shares of the oil and gas company’s stock valued at $137,466,000 after acquiring an additional 3,920,731 shares during the period. Finally, Verbena Value LP acquired a new stake in DNOW in the 4th quarter valued at approximately $48,800,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DNOW has been the topic of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of DNOW in a research report on Wednesday, May 27th. DA Davidson began coverage on DNOW in a research report on Tuesday. They set a “buy” rating and a $17.00 price target on the stock. Stifel Nicolaus lowered their price target on DNOW from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Zacks Research upgraded DNOW from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen cut DNOW from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.00.

DNOW Stock Up 0.2%

Shares of DNOW stock opened at $13.51 on Thursday. DNOW Inc. has a 1 year low of $10.94 and a 1 year high of $17.26. The stock has a market cap of $2.47 billion, a PE ratio of -18.51 and a beta of 0.82. The business’s fifty day moving average is $12.97 and its 200-day moving average is $13.37. 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 (NYSE:DNOW) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas company reported $0.01 earnings per share (EPS) 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 firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $0.22 earnings per share. The firm’s revenue for the quarter was up 97.5% compared to the same quarter last year. Equities analysts expect that DNOW Inc. will post 0.31 earnings per share for the current fiscal year.

DNOW Company 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.