Thrivent Financial for Lutherans grew its holdings in NOW Inc (NYSE:DNOW) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,540 shares of the oil and gas company’s stock after acquiring an additional 1,460 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NOW were worth $321,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of NOW by 1,090.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 501,882 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 459,739 shares during the period. First Hawaiian Bank increased its stake in shares of NOW by 27.6% in the fourth quarter. First Hawaiian Bank now owns 6,581 shares of the oil and gas company’s stock valued at $77,000 after buying an additional 1,425 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of NOW in the fourth quarter valued at approximately $117,000. Koshinski Asset Management Inc. acquired a new position in shares of NOW in the fourth quarter valued at approximately $128,000. Finally, Dupont Capital Management Corp acquired a new position in shares of NOW in the fourth quarter valued at approximately $156,000.
Several research firms have recently issued reports on DNOW. Zacks Investment Research downgraded NOW from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. ValuEngine raised NOW from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Stifel Nicolaus downgraded NOW from a “buy” rating to a “hold” rating and lowered their price objective for the company from $17.00 to $13.00 in a research note on Wednesday, December 19th. Seven research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $15.40.
NOW stock opened at $15.47 on Wednesday. NOW Inc has a 1 year low of $10.36 and a 1 year high of $18.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.76 and a quick ratio of 1.40. The company has a market capitalization of $1.68 billion, a PE ratio of 42.97 and a beta of 1.40.
NOW (NYSE:DNOW) last released its quarterly earnings data on Thursday, February 14th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. NOW had a return on equity of 3.24% and a net margin of 1.66%. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $772.87 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts predict that NOW Inc will post 0.43 EPS for the current fiscal year.
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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.
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