Sei Investments Co. buys 61,692 shares of DNOW Inc. (NYSE:DNOW)

Sei Investments Co. increased its holdings in shares of DNOW Inc. (NYSE:DNOW – Free Report) by 47.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,950 shares of the oil and gas company’s stock after acquiring an additional 61,692 shares during the period. Sei Investments Co. owned about 0.18% of DNOW worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Wellington Management Group LLP raised its position in shares of DNOW by 14.5% in the 4th quarter. Wellington Management Group LLP now owns 926,412 shares of the oil and gas company’s stock valued at $10,487,000 after buying an additional 117,612 shares. actions during the period. Denali Advisors LLC purchased a new stake in shares of DNOW in the first quarter worth $1,409,000. First Hawaiian Bank acquired a new position in DNOW during the second quarter valued at $508,000. Janney Montgomery Scott LLC acquired a new position in DNOW in the first quarter worth $555,000. Finally, Hillsdale Investment Management Inc. bought a new position in DNOW in the first quarter worth about $4,241,000. 97.63% of shares are currently owned by institutional investors.

DNOW price performance

Shares of DNOW stock opened at $12.68 on Friday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 5.84 and a beta of 1.43. The firm has a 50-day moving average of $12.91 and a 200-day moving average of $13.76. DNOW Inc. it has a one year low of $9.44 and a one year high of $15.65.

DNOW (NYSE:DNOW – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $633.00 million for the quarter, compared to analyst estimates of $638.20 million. DNOW had a net margin of 9.70% and a return on equity of 9.93%. As a group, sell-side analysts expect DNOW Inc. to post 0.86 earnings per share for the current year.

Analyst upgrades and downgrades

A number of analysts recently commented on the company. Stifel Nicolaus upped their target price on DNOW from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 18th. StockNews.com upgraded DNOW from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Susquehanna cut their price target on DNOW from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th.

Check out our latest analysis on DNOW

DNOW profile

(Free report)

DNOW Inc distributes downstream energy and industrial products for oil refining, chemical processing, LNG terminals, power generation utilities and on-site locations to customers in the United States, Canada and internationally. The company provides maintenance, repair and operating supplies; pipes, manual and automatic valves, fittings, flanges, gaskets, fasteners, power tools, artificial lift, pumping solutions, valve actuation and modular process and measurement and control equipment; and supplies, tools, safety materials and personal protective equipment, as well as artificial lifting systems, coatings and various consumables.

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