Barclays PLC Boosts Stock Position in DNOW Inc. (NYSE:DNOW)

Barclays PLC raised its position in shares of DNOW Inc. (NYSE:DNOW - Free Report) by 44.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 346,657 shares of the oil and gas company's stock after buying an additional 106,927 shares during the quarter. Barclays PLC owned about 0.33% of DNOW worth $4,484,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of DNOW by 1,062.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,802 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 2,561 shares in the last quarter. KBC Group NV raised its stake in DNOW by 45.5% during the third 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. Quarry LP boosted its holdings in DNOW by 75.6% in the second quarter. Quarry LP now owns 4,433 shares of the oil and gas company's stock worth $61,000 after acquiring an additional 1,908 shares in the last quarter. Innealta Capital LLC bought a new stake in DNOW in the second quarter worth $67,000. Finally, nVerses Capital LLC purchased a new stake in shares of DNOW in the third quarter worth $78,000. Institutional investors own 97.63% of the company's stock.

DNOW Price Performance

DNOW stock traded down $0.36 during mid-day trading on Friday, reaching $12.89. The stock had a trading volume of 4,801,723 shares, compared to its average volume of 918,116. DNOW Inc. has a one year low of $9.44 and a one year high of $15.65. The company has a 50-day moving average price of $13.71 and a two-hundred day moving average price of $13.39. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 6.89 and a beta of 1.50.

DNOW (NYSE:DNOW - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The oil and gas company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. DNOW had a return on equity of 8.90% and a net margin of 8.70%. The firm had revenue of $606.00 million during the quarter, compared to analysts' expectations of $614.92 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company's revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that DNOW Inc. will post 0.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DNOW 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 transaction of $401,955.10. Following the completion of the sale, the director now directly owns 56,568 shares of the company's stock, valued at approximately $868,318.80. This represents a 31.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by insiders.

DNOW 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.