DNOW Inc. (NYSE:DNOW) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P increased its holdings in shares of DNOW Inc. (NYSE:DNOW) by 17.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,266 shares of the oil and gas company’s stock after buying an additional 19,578 shares during the quarter. Martingale Asset Management L P owned about 0.12% of DNOW worth $1,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DNOW. Pacer Advisors Inc. lifted its position in DNOW by 71.5% during the second quarter. Pacer Advisors Inc. now owns 7,047,909 shares of the oil and gas company’s stock valued at $96,768,000 after buying an additional 2,939,502 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of DNOW by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,446,637 shares of the oil and gas company’s stock worth $88,511,000 after acquiring an additional 390,671 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of DNOW by 1.6% during the 2nd quarter. Renaissance Technologies LLC now owns 3,819,745 shares of the oil and gas company’s stock valued at $52,445,000 after buying an additional 59,653 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in DNOW by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,701,685 shares of the oil and gas company’s stock valued at $50,824,000 after acquiring an additional 42,384 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its position in shares of DNOW by 1.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 2,622,426 shares of the oil and gas company’s stock worth $33,908,000 after purchasing an additional 48,900 shares during the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DNOW news, Director Paul M. Coppinger sold 26,186 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $15.35, for a total transaction of $401,955.10. Following the sale, the director now owns 56,568 shares in the company, valued at approximately $868,318.80. The trade was a 31.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

DNOW Stock Performance

NYSE:DNOW opened at $15.05 on Monday. The business has a fifty day moving average of $13.19 and a 200-day moving average of $13.35. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 8.05 and a beta of 1.45. DNOW Inc. has a 1 year low of $9.44 and a 1 year high of $15.65.

DNOW (NYSE:DNOW) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $606.00 million during the quarter, compared to analyst estimates of $614.92 million. DNOW had a return on equity of 8.90% and a net margin of 8.70%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, equities research analysts predict that DNOW Inc. will post 0.84 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.

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.