2 days Ago By ABMN Staff
DNOW Inc. ( NYSE:DNOW – Get Free Report ) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 3,150,000 shares, a drop of 5.
7% from the November 30th total of 3,340,000 shares. Based on an average trading volume of 754,100 shares, the days-to-cover ratio is presently 4.2 days.
Currently, 3.0% of the company’s shares are sold short. Insiders Place Their Bets In other news, Director Paul M.
Coppinger sold 26,186 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $15.35, for a total value of $401,955.
10. Following the transaction, the director now directly owns 56,568 shares in the company, valued at approximately $868,318.80.
This represents a 31.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
2.60% of the stock is owned by insiders. Hedge Funds Weigh In On DNOW Institutional investors and hedge funds have recently modified their holdings of the company.
KBC Group NV grew its position in shares of DNOW by 45.5% in the 3rd quarter. KBC Group NV now owns 3,806 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 1,190 shares during the last quarter.
Arizona State Retirement System raised its stake in shares of DNOW by 4.3% during the second quarter. Arizona State Retirement System now owns 30,485 shares of the oil and gas company’s stock worth $419,000 after purchasing an additional 1,263 shares during the last quarter.
Franklin Resources Inc. lifted its holdings in shares of DNOW by 0.6% during the third quarter.
Franklin Resources Inc. now owns 216,243 shares of the oil and gas company’s stock worth $2,761,000 after purchasing an additional 1,278 shares during the period. Coldstream Capital Management Inc.
grew its position in DNOW by 10.1% in the 3rd quarter. Coldstream Capital Management Inc.
now owns 14,106 shares of the oil and gas company’s stock valued at $182,000 after buying an additional 1,291 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in DNOW by 9.7% in the 3rd quarter.
HighTower Advisors LLC now owns 16,541 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 1,458 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.
DNOW Trading Up 0.8 % DNOW ( NYSE:DNOW – Get Free Report ) last released its earnings results on Thursday, November 7th. The oil and gas company reported $0.
21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02.
The firm had revenue of $606.00 million during the quarter, compared to analysts’ expectations of $614.92 million.
DNOW had a return on equity of 8.90% and a net margin of 8.70%.
DNOW’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.
25 EPS. On average, equities analysts predict that DNOW will post 0.81 earnings per share for the current year.
About DNOW ( Get 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. See Also 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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