Transatlantique Private Wealth LLC Lowers Holdings in DNOW Inc. (NYSE:DNOW)

Transatlantique Private Wealth LLC lessened its stake in DNOW Inc. (NYSE:DNOW) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 28,719 shares of the oil and gas company’s stock after selling 1,260 shares during the period. Transatlantique Private Wealth LLC’s holdings in DNOW were worth $374,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its holdings in shares of DNOW by 0.8% in the 4th quarter. Teacher Retirement System of Texas now owns 100,117 shares of the oil and gas company’s stock valued at $1,303,000 after buying an additional 792 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of DNOW by 78.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,010 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 885 shares in the last quarter. Highland Capital Management LLC boosted its stake in shares of DNOW by 6.7% in the fourth quarter. Highland Capital Management LLC now owns 17,514 shares of the oil and gas company’s stock valued at $228,000 after purchasing an additional 1,097 shares during the period. Franklin Resources Inc. grew its holdings in shares of DNOW by 0.6% in the third quarter. Franklin Resources Inc. now owns 216,243 shares of the oil and gas company’s stock valued at $2,761,000 after purchasing an additional 1,278 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in DNOW by 9.7% during the 3rd quarter. HighTower Advisors LLC now owns 16,541 shares of the oil and gas company’s stock worth $211,000 after buying an additional 1,458 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DNOW has been the topic of several analyst reports. StockNews.com cut DNOW from a “buy” rating to a “hold” rating in a research note on Friday. Susquehanna decreased their price objective on DNOW from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus upped their target price on shares of DNOW from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, February 14th.

DNOW Price Performance

NYSE:DNOW opened at $15.89 on Friday. DNOW Inc. has a 12 month low of $11.42 and a 12 month high of $18.45. The firm has a market capitalization of $1.68 billion, a PE ratio of 21.76 and a beta of 1.21. The business’s fifty day moving average price is $15.90 and its 200 day moving average price is $14.43.

DNOW (NYSE:DNOW) last announced its quarterly earnings results on Thursday, February 13th. The oil and gas company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.11 by $0.14. DNOW had a net margin of 3.41% and a return on equity of 9.04%. As a group, equities analysts anticipate that DNOW Inc. will post 0.86 EPS for the current year.

DNOW declared that its Board of Directors has approved a share repurchase plan on Friday, January 24th that allows the company to repurchase $160.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

DNOW Company Profile

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.