DNOW Inc. (NYSE:DNOW) Position Increased by Barclays PLC

Barclays PLC lifted its holdings in DNOW Inc. (NYSE:DNOW) by 44.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 346,657 shares of the oil and gas company’s stock after buying an additional 106,927 shares during the quarter. Barclays PLC owned approximately 0.33% of DNOW worth $4,484,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System lifted its holdings in DNOW by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 53,700 shares of the oil and gas company’s stock worth $737,000 after acquiring an additional 1,000 shares during the last quarter. KBC Group NV boosted its position in DNOW by 45.5% during the 3rd quarter. KBC Group NV now owns 3,806 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,190 shares during the period. Arizona State Retirement System grew its stake in DNOW by 4.3% during the 2nd quarter. Arizona State Retirement System now owns 30,485 shares of the oil and gas company’s stock worth $419,000 after buying an additional 1,263 shares during the last quarter. HighTower Advisors LLC grew its stake in DNOW by 9.7% during the 3rd quarter. HighTower Advisors LLC now owns 16,541 shares of the oil and gas company’s stock worth $211,000 after buying an additional 1,458 shares during the last quarter. Finally, Highland Capital Management LLC increased its position in DNOW by 11.3% in the third quarter. Highland Capital Management LLC now owns 16,417 shares of the oil and gas company’s stock worth $212,000 after buying an additional 1,669 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Paul M. Coppinger sold 26,186 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $15.35, for a total value of $401,955.10. Following the completion of the sale, the director now owns 56,568 shares of the company’s stock, valued at $868,318.80. This represents a 31.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

DNOW Stock Performance

Shares of DNOW opened at $12.89 on Friday. The firm has a fifty day moving average of $13.71 and a 200-day moving average of $13.39. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 6.89 and a beta of 1.50. DNOW Inc. has a 1 year low of $9.44 and a 1 year high of $15.65.

DNOW (NYSE:DNOW) last posted its earnings results on Thursday, November 7th. The oil and gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $606.00 million during the quarter, compared to analysts’ expectations of $614.92 million. DNOW had a net margin of 8.70% and a return on equity of 8.90%. DNOW’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. Analysts predict that DNOW Inc. will post 0.81 EPS for the current year.

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.