Dupont Capital Management Corp boosted its position in NOW Inc (NYSE:DNOW) by 10.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,897 shares of the oil and gas company’s stock after acquiring an additional 1,197 shares during the quarter. Dupont Capital Management Corp’s holdings in NOW were worth $148,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Capital Fund Management S.A. acquired a new position in NOW in the second quarter valued at $297,000. Nuveen Asset Management LLC acquired a new position in NOW in the second quarter valued at $6,975,000. Rhumbline Advisers boosted its holdings in NOW by 3.2% in the third quarter. Rhumbline Advisers now owns 358,605 shares of the oil and gas company’s stock valued at $4,113,000 after acquiring an additional 11,146 shares during the last quarter. Alpha Windward LLC acquired a new position in NOW in the second quarter valued at $404,000. Finally, JPMorgan Chase & Co. boosted its holdings in NOW by 15.7% in the second quarter. JPMorgan Chase & Co. now owns 2,112,701 shares of the oil and gas company’s stock valued at $30,317,000 after acquiring an additional 287,223 shares during the last quarter.
DNOW has been the topic of a number of research analyst reports. Cowen reiterated a “market perform” rating and issued a $10.00 target price (down previously from $11.00) on shares of NOW in a report on Monday, August 5th. ValuEngine upgraded NOW from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded NOW from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Capital One Financial upgraded NOW from an “equal weight” rating to an “overweight” rating and set a $16.00 target price on the stock in a report on Friday, August 2nd. Finally, Stifel Nicolaus reduced their target price on NOW from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, July 15th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.25.
Shares of DNOW opened at $12.47 on Friday. The stock’s 50-day moving average is $11.01 and its two-hundred day moving average is $12.65. The stock has a market cap of $1.21 billion, a PE ratio of 34.64 and a beta of 1.38. NOW Inc has a 12 month low of $10.00 and a 12 month high of $15.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.55 and a quick ratio of 1.28.
NOW (NYSE:DNOW) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $751.00 million for the quarter, compared to analysts’ expectations of $764.07 million. NOW had a return on equity of 4.13% and a net margin of 2.16%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, research analysts anticipate that NOW Inc will post 0.32 earnings per share for the current year.
NOW Company Profile
NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, 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 applied products and applications, such as artificial lift systems, coatings, and other expendable items.
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