Coldstream Capital Management Inc. Increases Stock Position in DNOW Inc. (NYSE:DNOW)

Coldstream Capital Management Inc. raised its position in DNOW Inc. (NYSE:DNOW) by 10.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,106 shares of the oil and gas company’s stock after buying an additional 1,291 shares during the period. Coldstream Capital Management Inc.’s holdings in DNOW were worth $182,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DNOW. Louisiana State Employees Retirement System raised its holdings in DNOW by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 53,700 shares of the oil and gas company’s stock worth $737,000 after purchasing an additional 1,000 shares during the period. SummerHaven Investment Management LLC increased its position in shares of DNOW by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 68,946 shares of the oil and gas company’s stock valued at $947,000 after buying an additional 1,068 shares in the last quarter. KBC Group NV increased its position in shares of DNOW by 45.5% in 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 in the last quarter. Arizona State Retirement System raised its stake in shares of DNOW by 4.3% during the 2nd quarter. Arizona State Retirement System now owns 30,485 shares of the oil and gas company’s stock worth $419,000 after buying an additional 1,263 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of DNOW by 9.7% during the 3rd quarter. HighTower Advisors LLC now owns 16,541 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 1,458 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

DNOW Stock Performance

Shares of NYSE DNOW opened at $13.81 on Wednesday. The firm has a fifty day moving average of $13.66 and a 200 day moving average of $13.41. The firm has a market cap of $1.46 billion, a PE ratio of 7.38 and a beta of 1.50. DNOW Inc. has a one year low of $9.44 and a one year high of $15.65.

DNOW (NYSE:DNOW) last announced its earnings results 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 for the quarter, compared to analyst estimates of $614.92 million. During the same quarter last year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts predict that DNOW Inc. will post 0.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other DNOW news, Director Paul M. Coppinger sold 26,186 shares of DNOW stock in a transaction 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 sale, the director now owns 56,568 shares of the company’s stock, valued at $868,318.80. The trade was a 31.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by company 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.