NOW Inc (NYSE:DNOW) Holdings Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in NOW Inc (NYSE:DNOW) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,788,397 shares of the oil and gas company’s stock after buying an additional 272,430 shares during the period. Dimensional Fund Advisors LP owned 4.44% of NOW worth $66,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in NOW by 130.2% in the 2nd quarter. Bank of Montreal Can now owns 6,966 shares of the oil and gas company’s stock worth $112,000 after purchasing an additional 3,940 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in NOW by 4.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 68,383 shares of the oil and gas company’s stock worth $1,098,000 after purchasing an additional 2,793 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in NOW by 79.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 983,499 shares of the oil and gas company’s stock worth $15,815,000 after purchasing an additional 435,538 shares in the last quarter. Arizona State Retirement System lifted its stake in NOW by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 45,400 shares of the oil and gas company’s stock worth $730,000 after purchasing an additional 700 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in NOW by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 229,381 shares of the oil and gas company’s stock worth $3,688,000 after purchasing an additional 1,265 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

Several analysts have recently weighed in on DNOW shares. Zacks Investment Research cut shares of NOW from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus restated a “buy” rating and set a $12.50 price objective on shares of NOW in a research report on Thursday, December 14th. BidaskClub cut shares of NOW from a “sell” rating to a “strong sell” rating in a research report on Friday, November 10th. Robert W. Baird restated a “hold” rating and set a $13.00 price objective on shares of NOW in a research report on Friday, November 3rd. Finally, Credit Suisse Group lowered their price objective on shares of NOW from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.65.

NOW Inc (DNOW) opened at $12.88 on Friday. The company has a market cap of $1,390.00, a price-to-earnings ratio of -11.50 and a beta of 0.77. NOW Inc has a 52-week low of $9.75 and a 52-week high of $22.86. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.72 and a quick ratio of 1.39.

NOW (NYSE:DNOW) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $697.00 million for the quarter, compared to analysts’ expectations of $701.29 million. NOW had a negative net margin of 4.77% and a negative return on equity of 5.17%. The firm’s revenue was up 34.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.34) EPS. analysts forecast that NOW Inc will post -0.34 earnings per share for the current year.

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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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