Chicago Equity Partners LLC Sells 208,096 Shares of NOW Inc (DNOW)

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Chicago Equity Partners LLC decreased its position in shares of NOW Inc (NYSE:DNOW) by 31.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 458,145 shares of the oil and gas company’s stock after selling 208,096 shares during the quarter. Chicago Equity Partners LLC owned about 0.42% of NOW worth $5,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of NOW by 487.7% during the second quarter. Renaissance Technologies LLC now owns 411,400 shares of the oil and gas company’s stock valued at $5,484,000 after acquiring an additional 341,400 shares in the last quarter. Northern Trust Corp increased its holdings in shares of NOW by 1.6% during the second quarter. Northern Trust Corp now owns 1,588,803 shares of the oil and gas company’s stock valued at $21,179,000 after acquiring an additional 25,338 shares in the last quarter. McCollum Christoferson Group LLC increased its holdings in shares of NOW by 3.3% during the third quarter. McCollum Christoferson Group LLC now owns 215,094 shares of the oil and gas company’s stock valued at $3,560,000 after acquiring an additional 6,968 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of NOW during the third quarter valued at approximately $609,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of NOW by 4.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,944,188 shares of the oil and gas company’s stock valued at $98,376,000 after acquiring an additional 236,030 shares in the last quarter.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded NOW from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Robert W. Baird decreased their price target on NOW from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. ValuEngine upgraded NOW from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Stifel Nicolaus downgraded NOW from a “buy” rating to a “hold” rating and decreased their price target for the stock from $17.00 to $13.00 in a report on Wednesday, December 19th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. NOW has a consensus rating of “Hold” and an average target price of $14.33.

Shares of NOW stock opened at $13.25 on Monday. NOW Inc has a 12-month low of $9.12 and a 12-month high of $18.56. The firm has a market cap of $1.44 billion, a P/E ratio of 49.07 and a beta of 1.39. The company has a quick ratio of 1.44, a current ratio of 2.72 and a debt-to-equity ratio of 0.14.

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NOW Company Profile

NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.

Read More: Leveraged Buyout (LBO) Explained

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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