Jane Street Group LLC Has $582,000 Stock Position in DNOW Inc. (NYSE:DNOW)

Jane Street Group LLC trimmed its position in shares of DNOW Inc. (NYSE:DNOW - Free Report) by 47.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,998 shares of the oil and gas company's stock after selling 40,336 shares during the period. Jane Street Group LLC's holdings in DNOW were worth $582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DNOW. Pacer Advisors Inc. increased its position in DNOW by 71.5% during the second quarter. Pacer Advisors Inc. now owns 7,047,909 shares of the oil and gas company's stock worth $96,768,000 after acquiring an additional 2,939,502 shares during the period. American Century Companies Inc. grew its position in DNOW by 141.2% in the 2nd quarter. American Century Companies Inc. now owns 1,568,267 shares of the oil and gas company's stock worth $21,532,000 after purchasing an additional 918,131 shares during the last quarter. Dimensional Fund Advisors LP grew its position in DNOW by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,446,637 shares of the oil and gas company's stock worth $88,511,000 after purchasing an additional 390,671 shares during the last quarter. Foundry Partners LLC increased its holdings in shares of DNOW by 832.0% during the 3rd quarter. Foundry Partners LLC now owns 365,795 shares of the oil and gas company's stock worth $4,730,000 after purchasing an additional 326,547 shares during the period. Finally, Weiss Asset Management LP acquired a new position in shares of DNOW during the third quarter valued at about $2,025,000. 97.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Paul M. Coppinger sold 26,186 shares of the 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 directly owns 56,568 shares of the company's stock, valued at approximately $868,318.80. This represents a 31.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.60% of the company's stock.

DNOW Price Performance

Shares of NYSE DNOW traded up $0.16 during mid-day trading on Friday, hitting $13.11. The company had a trading volume of 420,186 shares, compared to its average volume of 378,693. DNOW Inc. has a 12 month low of $9.44 and a 12 month high of $15.65. The firm has a market cap of $1.39 billion, a P/E ratio of 7.01 and a beta of 1.50. The business's 50-day simple moving average is $13.86 and its 200-day simple moving average is $13.36.

DNOW (NYSE:DNOW - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $606.00 million for the quarter, compared to analyst estimates of $614.92 million. DNOW had a return on equity of 8.90% and a net margin of 8.70%. DNOW's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. As a group, sell-side analysts predict that DNOW Inc. will post 0.81 EPS for the current year.

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.