UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 44,836 Shares of DNOW Inc. (NYSE:DNOW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in DNOW Inc. (NYSE:DNOW - Free Report) by 16.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,301 shares of the oil and gas company's stock after selling 44,836 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of DNOW worth $2,913,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in DNOW by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 53,700 shares of the oil and gas company's stock valued at $737,000 after buying an additional 1,000 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of DNOW by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 68,946 shares of the oil and gas company's stock valued at $947,000 after acquiring an additional 1,068 shares in the last quarter. KBC Group NV raised its holdings in shares of DNOW by 45.5% during the third quarter. KBC Group NV now owns 3,806 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 1,190 shares in the last quarter. Arizona State Retirement System grew its stake in DNOW by 4.3% in the second quarter. Arizona State Retirement System now owns 30,485 shares of the oil and gas company's stock valued at $419,000 after purchasing an additional 1,263 shares in the last quarter. Finally, Highland Capital Management LLC raised its stake in shares of DNOW by 11.3% during the 3rd quarter. Highland Capital Management LLC now owns 16,417 shares of the oil and gas company's stock worth $212,000 after purchasing an additional 1,669 shares in the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DNOW

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 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 owns 56,568 shares of the company's stock, valued at $868,318.80. This represents a 31.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company's stock.

DNOW Price Performance

NYSE:DNOW traded down $0.14 during mid-day trading on Friday, reaching $14.42. The stock had a trading volume of 582,953 shares, compared to its average volume of 904,277. The stock has a market cap of $1.53 billion, a P/E ratio of 7.71 and a beta of 1.50. The business's 50 day moving average is $13.62 and its 200 day moving average is $13.41. DNOW Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $15.65.

DNOW (NYSE:DNOW - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. DNOW had a net margin of 8.70% and a return on equity of 8.90%. The business had revenue of $606.00 million during the quarter, compared to analyst estimates of $614.92 million. During the same quarter in the previous year, the business earned $0.25 EPS. DNOW's quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts expect that DNOW Inc. will post 0.81 EPS for the current year.

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.