DNOW Inc. (NYSE:DNOW) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its holdings in DNOW Inc. (NYSE:DNOW) by 10.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,106 shares of the oil and gas company’s stock after acquiring an additional 1,291 shares during the period. Coldstream Capital Management Inc.’s holdings in DNOW were worth $182,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DNOW. Barclays PLC lifted its position in DNOW by 44.6% in the third quarter. Barclays PLC now owns 346,657 shares of the oil and gas company’s stock valued at $4,484,000 after buying an additional 106,927 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of DNOW in the 3rd quarter worth approximately $214,000. Wellington Management Group LLP boosted its position in shares of DNOW by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,138,287 shares of the oil and gas company’s stock worth $14,718,000 after purchasing an additional 8,675 shares during the period. Weiss Asset Management LP acquired a new stake in DNOW in the 3rd quarter valued at approximately $2,025,000. Finally, HighTower Advisors LLC increased its holdings 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 purchasing an additional 1,458 shares during the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

DNOW Stock Down 3.2 %

NYSE:DNOW opened at $13.81 on Wednesday. DNOW Inc. has a 52 week low of $9.44 and a 52 week high of $15.65. The stock’s fifty day moving average is $13.66 and its two-hundred day moving average is $13.41. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 7.38 and a beta of 1.50.

DNOW (NYSE:DNOW) last posted its earnings results on Thursday, November 7th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $606.00 million for 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%. DNOW’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. On average, sell-side analysts expect that DNOW Inc. will post 0.81 EPS for the current fiscal year.

Insider Activity

In related news, Director Paul M. Coppinger sold 26,186 shares of DNOW stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $15.35, for a total value of $401,955.10. Following the completion of the transaction, the director now directly owns 56,568 shares in the company, valued at approximately $868,318.80. This trade represents a 31.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

About DNOW

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.