NOW Inc (DNOW) Stake Lessened by RBO & Co. LLC

RBO & Co. LLC decreased its position in NOW Inc (NYSE:DNOW) by 36.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 255,722 shares of the oil and gas company’s stock after selling 145,108 shares during the period. RBO & Co. LLC’s holdings in NOW were worth $2,821,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Investec Asset Management LTD purchased a new stake in NOW in the third quarter worth $40,414,000. Cooke & Bieler LP lifted its stake in NOW by 1,008.5% in the fourth quarter. Cooke & Bieler LP now owns 1,879,980 shares of the oil and gas company’s stock worth $20,736,000 after acquiring an additional 1,710,380 shares during the period. QV Investors Inc. lifted its position in NOW by 44.8% during the third quarter. QV Investors Inc. now owns 2,178,087 shares of the oil and gas company’s stock valued at $30,079,000 after buying an additional 674,348 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its position in NOW by 76.6% during the fourth quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 688,678 shares of the oil and gas company’s stock valued at $17,344,000 after buying an additional 298,678 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in NOW by 6.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,788,397 shares of the oil and gas company’s stock valued at $66,127,000 after buying an additional 272,430 shares during the period.

NOW Inc (DNOW) opened at $10.05 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 1.37. The stock has a market capitalization of $1,050.06, a PE ratio of -20.94 and a beta of 0.80. NOW Inc has a 52-week low of $9.12 and a 52-week high of $20.17.

NOW (NYSE:DNOW) last posted its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.08. The firm had revenue of $669.00 million during the quarter, compared to analyst estimates of $690.62 million. NOW had a negative return on equity of 2.46% and a negative net margin of 1.96%. NOW’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.29) EPS. research analysts expect that NOW Inc will post 0.07 earnings per share for the current year.

DNOW has been the subject of several recent research reports. UBS Group lowered NOW from a “positive” rating to a “neutral” rating in a research report on Thursday, November 2nd. Stifel Nicolaus lowered their price objective on NOW from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Seaport Global Securities raised NOW from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. They noted that the move was a valuation call. Robert W. Baird reissued a “hold” rating and set a $13.00 price objective on shares of NOW in a research report on Friday, November 3rd. Finally, ValuEngine lowered NOW from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. NOW currently has an average rating of “Hold” and an average price target of $12.70.

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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.

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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