NOW Inc (DNOW) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in shares of NOW Inc (NYSE:DNOW) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,540 shares of the oil and gas company’s stock after purchasing an additional 1,460 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NOW were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DNOW. PNC Financial Services Group Inc. raised its holdings in shares of NOW by 267.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 21,465 shares of the oil and gas company’s stock worth $355,000 after purchasing an additional 15,624 shares in the last quarter. BlackRock Inc. boosted its stake in shares of NOW by 1.2% in the 3rd quarter. BlackRock Inc. now owns 11,882,925 shares of the oil and gas company’s stock valued at $196,662,000 after purchasing an additional 141,825 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of NOW in the 3rd quarter valued at about $493,000. Tower Research Capital LLC TRC boosted its stake in NOW by 342.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,816 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 9,920 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in NOW by 91.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 670,933 shares of the oil and gas company’s stock worth $11,103,000 after acquiring an additional 320,212 shares during the last quarter.

Shares of DNOW stock opened at $15.47 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.40 and a current ratio of 2.76. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 42.97 and a beta of 1.40. NOW Inc has a 52 week low of $10.36 and a 52 week high of $18.56.

NOW (NYSE:DNOW) last announced its earnings results on Thursday, February 14th. The oil and gas company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $772.87 million. NOW had a net margin of 1.66% and a return on equity of 3.24%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. On average, analysts forecast that NOW Inc will post 0.43 EPS for the current year.

DNOW has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of NOW from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, January 8th. ValuEngine upgraded shares of NOW from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Stifel Nicolaus downgraded shares of NOW from a “buy” rating to a “hold” rating and dropped their target price for the stock from $17.00 to $13.00 in a report on Wednesday, December 19th. Seven equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $15.40.

WARNING: This article was published by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.themarketsdaily.com/2019/04/17/now-inc-dnow-shares-bought-by-thrivent-financial-for-lutherans.html.

NOW Company Profile

NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.

See Also: What is a Market Correction?

Want to see what other hedge funds are holding DNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NOW Inc (NYSE:DNOW).

Institutional Ownership by Quarter for NOW (NYSE:DNOW)

Receive News & Ratings for NOW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOW and related companies with MarketBeat.com's FREE daily email newsletter.