DNOW Inc. $DNOW Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in DNOW Inc. (NYSE:DNOW) by 93.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,144 shares of the oil and gas company’s stock after selling 82,224 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in DNOW were worth $73,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DNOW. Royal Bank of Canada lifted its holdings in shares of DNOW by 28.2% during the first quarter. Royal Bank of Canada now owns 35,783 shares of the oil and gas company’s stock valued at $611,000 after purchasing an additional 7,867 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of DNOW by 53.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 358,708 shares of the oil and gas company’s stock valued at $6,127,000 after purchasing an additional 124,797 shares during the period. Norges Bank purchased a new position in DNOW in the 2nd quarter worth about $1,192,000. Quantbot Technologies LP purchased a new position in DNOW in the 2nd quarter worth about $283,000. Finally, Invesco Ltd. raised its holdings in DNOW by 31.1% during the 2nd quarter. Invesco Ltd. now owns 792,481 shares of the oil and gas company’s stock worth $11,752,000 after buying an additional 187,878 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Freedom Capital raised shares of DNOW to a “strong-buy” rating in a research note on Monday, June 22nd. Zacks Research raised shares of DNOW from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. DA Davidson initiated coverage on shares of DNOW in a report on Tuesday, June 16th. They set a “buy” rating and a $17.00 price target on the stock. Wall Street Zen downgraded shares of DNOW from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DNOW in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

DNOW Stock Up 9.3%

Shares of DNOW stock opened at $15.54 on Friday. DNOW Inc. has a 1 year low of $10.94 and a 1 year high of $17.26. The company has a market cap of $2.84 billion, a P/E ratio of -21.29 and a beta of 0.82. The company has a current ratio of 2.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $13.55 and a 200 day moving average price of $13.32.

DNOW (NYSE:DNOW) last released its earnings results on Thursday, August 6th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. DNOW had a positive return on equity of 4.94% and a negative net margin of 4.14%.The business’s revenue for the quarter was up 108.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. As a group, analysts expect that DNOW Inc. will post 0.31 EPS for the current fiscal year.

DNOW News Roundup

Here are the key news stories impacting DNOW this week:

• Positive Sentiment: Quarterly results exceeded expectations. DNOW reported revenue of $1.307 billion versus the $1.27 billion analyst estimate, while adjusted EPS of $0.12 surpassed the $0.08–$0.09 consensus range. Revenue rose 10% sequentially and 108.1% year over year, helped by stronger U.S. activity. DNOW Reports Second Quarter 2026 Results
• Positive Sentiment: Cash flow and operating performance improved. Operating cash flow reached a record $133 million, adjusted EBITDA increased 54% sequentially to $60 million, and net-debt leverage improved to 1.7 times. Management also highlighted record annualized U.S. midstream revenue above $1 billion and stronger sequential growth in gas utility and upstream markets. DNOW Strong Second Quarter Results
• Positive Sentiment: Shareholder returns provided additional support. DNOW repurchased $25 million of stock during the quarter and $75 million year to date under its $160 million authorization, signaling management’s confidence in the company’s cash generation and long-term strategy. DNOW Beats Q2 Estimates
• Neutral Sentiment: Profitability remains mixed. Despite the adjusted profit, DNOW posted a GAAP net loss of $21 million, or $0.11 per diluted share. Gross margin was 18.6%, below 20.5% a year earlier, and adjusted EPS declined from $0.27 in the comparable quarter.
• Negative Sentiment: Legal risk has become more prominent. Rosen Law Firm and Bronstein, Gewirtz & Grossman announced securities class actions alleging DNOW and certain officers violated federal securities laws in connection with the company’s 2025 special meeting. Investors seeking lead-plaintiff status face an October 2, 2026 deadline. The allegations could create legal costs, management distraction and reputational risk, although the claims have not been proven. DNOW Securities Class Action

About DNOW

DistributionNOW (NYSE: DNOW) is a global distributor of energy and industrial products, serving a broad range of end-markets including oil and gas, petrochemical, power generation, and industrial manufacturing. Headquartered in Houston, Texas, the company provides solutions across the life cycle of energy and industrial assets, with an emphasis on safety, reliability and operational efficiency.

The company’s core product portfolio includes piping systems and related components (such as valves, fittings, flanges and gaskets), instrumentation, electrical and automation equipment, fasteners, industrial safety supplies, chemicals and composite products.