1 week Ago By ABMN Staff
Norges Bank acquired a new stake in shares of DNOW Inc. ( NYSE:DNOW – Free Report ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 296,410 shares of the oil and gas company’s stock, valued at approximately $3,856,000.
Norges Bank owned 0.28% of DNOW as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
JPMorgan Chase & Co. lifted its position in DNOW by 6.5% during the fourth quarter.
JPMorgan Chase & Co. now owns 1,843,620 shares of the oil and gas company’s stock valued at $23,985,000 after purchasing an additional 112,135 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of DNOW during the 4th quarter valued at $221,000.
Prudential Financial Inc. lifted its holdings in shares of DNOW by 4.7% during the 4th quarter.
Prudential Financial Inc. now owns 218,267 shares of the oil and gas company’s stock worth $3,136,000 after acquiring an additional 9,737 shares during the last quarter. Fox Run Management L.
L.C. purchased a new position in DNOW in the fourth quarter worth $450,000.
Finally, KLP Kapitalforvaltning AS bought a new position in DNOW in the fourth quarter valued at $807,000. 97.63% of the stock is currently owned by hedge funds and other institutional investors.
DNOW Stock Down 3.6 % Shares of NYSE:DNOW opened at $15.10 on Friday.
The stock has a market cap of $1.60 billion, a PE ratio of 20.69 and a beta of 1.
21. The company’s fifty day moving average is $15.77 and its 200 day moving average is $14.
31. DNOW Inc. has a 52 week low of $11.
42 and a 52 week high of $18.45. DNOW announced that its board has authorized a share repurchase plan on Friday, January 24th that authorizes the company to buyback $160.
00 million in shares. This buyback authorization authorizes the oil and gas company to reacquire up to 10% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
Analyst Ratings Changes Several equities research analysts have issued reports on the company. StockNews.com raised DNOW from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th.
Stifel Nicolaus boosted their target price on DNOW from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, February 14th.
Check Out Our Latest Analysis on DNOW DNOW Company Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for DNOW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DNOW and related companies with MarketBeat.
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