DNOW Inc. (NYSE:DNOW) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of DNOW Inc. (NYSE:DNOW) by 16.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 225,301 shares of the oil and gas company’s stock after selling 44,836 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of DNOW worth $2,913,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in shares of 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 worth $737,000 after buying an additional 1,000 shares during the period. SummerHaven Investment Management LLC increased its position in DNOW by 1.6% in 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 during the period. KBC Group NV raised its stake in DNOW by 45.5% during the 3rd quarter. KBC Group NV now owns 3,806 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 1,190 shares during the last quarter. Arizona State Retirement System lifted its position in 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 acquiring an additional 1,263 shares during the period. Finally, Highland Capital Management LLC grew its stake in shares of DNOW by 11.3% in the 3rd quarter. Highland Capital Management LLC now owns 16,417 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 1,669 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

DNOW Trading Down 1.0 %

NYSE:DNOW opened at $14.42 on Friday. DNOW Inc. has a 12-month low of $9.44 and a 12-month high of $15.65. The stock’s 50 day simple moving average is $13.62 and its 200-day simple moving average is $13.42. The firm has a market cap of $1.53 billion, a P/E ratio of 7.71 and a beta of 1.50.

DNOW (NYSE:DNOW) last announced 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 company had revenue of $606.00 million for the quarter, compared to analysts’ expectations of $614.92 million. During the same period in the previous year, the company posted $0.25 EPS. DNOW’s revenue was up 3.1% compared to the same quarter last year. Research analysts forecast that DNOW Inc. will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling

In other DNOW news, Director Paul M. Coppinger sold 26,186 shares of the firm’s stock in a transaction 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 sale, the director now owns 56,568 shares of the company’s stock, valued at approximately $868,318.80. This trade represents a 31.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

About DNOW

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.