Dimensional Fund Advisors LP Has $72.62 Million Position in NOW Inc. (DNOW)

Dimensional Fund Advisors LP lifted its stake in shares of NOW Inc. (NYSE:DNOW) by 42.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,515,967 shares of the oil and gas company’s stock after acquiring an additional 1,353,934 shares during the period. Dimensional Fund Advisors LP owned 4.19% of NOW worth $72,615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DNOW. BlackRock Inc. boosted its stake in shares of NOW by 16,819.9% during the first quarter. BlackRock Inc. now owns 11,399,636 shares of the oil and gas company’s stock valued at $193,337,000 after acquiring an additional 11,332,262 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NOW by 9.2% during the first quarter. Vanguard Group Inc. now owns 8,787,117 shares of the oil and gas company’s stock valued at $149,030,000 after acquiring an additional 739,256 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NOW by 98.2% during the first quarter. JPMorgan Chase & Co. now owns 1,434,114 shares of the oil and gas company’s stock valued at $24,323,000 after acquiring an additional 710,500 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of NOW by 284.8% during the second quarter. Teachers Advisors LLC now owns 736,670 shares of the oil and gas company’s stock valued at $11,846,000 after acquiring an additional 545,232 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of NOW by 7.4% during the first quarter. Clearbridge Investments LLC now owns 6,990,717 shares of the oil and gas company’s stock valued at $118,563,000 after acquiring an additional 482,245 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of NOW Inc. (NYSE DNOW) opened at 13.29 on Wednesday. The firm has a 50-day moving average price of $12.69 and a 200-day moving average price of $15.28. The firm’s market capitalization is $1.43 billion. NOW Inc. has a 52 week low of $11.31 and a 52 week high of $23.53.

NOW (NYSE:DNOW) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.10) EPS for the quarter, meeting analysts’ consensus estimates of ($0.10). NOW had a negative return on equity of 7.83% and a negative net margin of 7.14%. The firm had revenue of $651.00 million for the quarter, compared to the consensus estimate of $674.97 million. During the same quarter in the previous year, the company posted ($0.40) earnings per share. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. On average, equities analysts expect that NOW Inc. will post ($0.26) earnings per share for the current fiscal year.

A number of analysts recently commented on the company. Seaport Global Securities lowered NOW from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $17.00 in a research note on Wednesday, June 21st. Zacks Investment Research lowered NOW from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of NOW in a research note on Friday, July 14th. BidaskClub lowered NOW from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Credit Suisse Group set a $15.00 price target on NOW and gave the stock a “hold” rating in a research note on Friday, August 4th. One research an

Several other institutional investors and hedge funds also recently bought and sold shares of DNOW. BlackRock Inc. boosted its stake in shares of NOW by 16,819.9% during the first quarter. BlackRock Inc. now owns 11,399,636 shares of the oil and gas company’s stock valued at $193,337,000 after acquiring an additional 11,332,262 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NOW by 9.2% during the first quarter. Vanguard Group Inc. now owns 8,787,117 shares of the oil and gas company’s stock valued at $149,030,000 after acquiring an additional 739,256 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NOW by 98.2% during the first quarter. JPMorgan Chase & Co. now owns 1,434,114 shares of the oil and gas company’s stock valued at $24,323,000 after acquiring an additional 710,500 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of NOW by 284.8% during the second quarter. Teachers Advisors LLC now owns 736,670 shares of the oil and gas company’s stock valued at $11,846,000 after acquiring an additional 545,232 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of NOW by 7.4% during the first quarter. Clearbridge Investments LLC now owns 6,990,717 shares of the oil and gas company’s stock valued at $118,563,000 after acquiring an additional 482,245 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of NOW Inc. (NYSE DNOW) opened at 13.29 on Wednesday. The firm has a 50-day moving average price of $12.69 and a 200-day moving average price of $15.28. The firm’s market capitalization is $1.43 billion. NOW Inc. has a 52 week low of $11.31 and a 52 week high of $23.53.

NOW (NYSE:DNOW) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.10) EPS for the quarter, meeting analysts’ consensus estimates of ($0.10). NOW had a negative return on equity of 7.83% and a negative net margin of 7.14%. The firm had revenue of $651.00 million for the quarter, compared to the consensus estimate of $674.97 million. During the same quarter in the previous year, the company posted ($0.40) earnings per share. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. On average, equities analysts expect that NOW Inc. will post ($0.26) earnings per share for the current fiscal year.

A number of analysts recently commented on the company. Seaport Global Securities lowered NOW from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $17.00 in a research note on Wednesday, June 21st. Zacks Investment Research lowered NOW from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of NOW in a research note on Friday, July 14th. BidaskClub lowered NOW from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Credit Suisse Group set a $15.00 price target on NOW and gave the stock a “hold” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. NOW currently has a consensus rating of “Hold” and a consensus price target of $18.33.

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NOW Profile

NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.

Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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