DNOW Inc. $DNOW Shares Purchased by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. boosted its stake in DNOW Inc. (NYSE:DNOW) by 37.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,774,871 shares of the oil and gas company’s stock after acquiring an additional 749,345 shares during the quarter. DNOW accounts for about 2.2% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 19th biggest holding. Global Alpha Capital Management Ltd.’s holdings in DNOW were worth $36,767,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in DNOW by 66.1% during the 4th quarter. Vanguard Group Inc. now owns 19,498,204 shares of the oil and gas company’s stock worth $258,351,000 after purchasing an additional 7,762,071 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in DNOW by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,453,854 shares of the oil and gas company’s stock worth $98,421,000 after purchasing an additional 42,878 shares during the last quarter. Boston Partners acquired a new stake in DNOW during the 3rd quarter worth $72,302,000. Geode Capital Management LLC boosted its stake in DNOW by 71.4% during the 4th quarter. Geode Capital Management LLC now owns 4,429,530 shares of the oil and gas company’s stock worth $58,701,000 after purchasing an additional 1,844,779 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in DNOW during the 4th quarter worth $55,135,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DNOW. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DNOW in a research note on Wednesday, May 27th. Wall Street Zen cut shares of DNOW from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Stifel Nicolaus lowered their price target on shares of DNOW from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Finally, Zacks Research raised shares of DNOW from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.00.

DNOW Stock Down 2.1%

Shares of DNOW opened at $13.22 on Friday. The firm has a market cap of $2.41 billion, a P/E ratio of -18.10 and a beta of 0.82. DNOW Inc. has a 12-month low of $10.94 and a 12-month high of $17.26. The company’s 50-day moving average price is $12.70 and its 200 day moving average price is $13.34. The company has a current ratio of 2.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

DNOW (NYSE:DNOW) last issued its quarterly earnings data 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). The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.08 billion. DNOW had a negative net margin of 4.14% and a positive return on equity of 4.94%. The firm’s quarterly revenue was up 97.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. On average, sell-side analysts forecast that DNOW Inc. will post 0.31 earnings per share for the current 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.