NOW Inc (DNOW) Stake Increased by Texas Permanent School Fund

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Texas Permanent School Fund lifted its position in NOW Inc (NYSE:DNOW) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,628 shares of the oil and gas company’s stock after acquiring an additional 2,679 shares during the quarter. Texas Permanent School Fund’s holdings in NOW were worth $1,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC grew its position in NOW by 1.3% during the first quarter. SeaBridge Investment Advisors LLC now owns 54,190 shares of the oil and gas company’s stock valued at $756,000 after buying an additional 690 shares during the period. FMR LLC lifted its holdings in NOW by 54.3% during the fourth quarter. FMR LLC now owns 2,199 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 774 shares during the last quarter. Westpac Banking Corp lifted its holdings in NOW by 1.4% during the fourth quarter. Westpac Banking Corp now owns 56,028 shares of the oil and gas company’s stock valued at $652,000 after purchasing an additional 789 shares during the last quarter. Arizona State Retirement System lifted its holdings in NOW by 1.1% during the fourth quarter. Arizona State Retirement System now owns 77,818 shares of the oil and gas company’s stock valued at $906,000 after purchasing an additional 855 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in NOW by 2.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 43,117 shares of the oil and gas company’s stock valued at $502,000 after purchasing an additional 974 shares during the last quarter.

NYSE DNOW traded up $0.14 during trading on Monday, hitting $13.51. 382,355 shares of the company’s stock traded hands, compared to its average volume of 583,916. The company has a market cap of $1.47 billion, a PE ratio of 37.53 and a beta of 1.40. NOW Inc has a 12-month low of $10.36 and a 12-month high of $18.56. The company has a quick ratio of 1.30, a current ratio of 2.64 and a debt-to-equity ratio of 0.13.

NOW (NYSE:DNOW) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The business had revenue of $785.00 million for the quarter, compared to the consensus estimate of $772.54 million. NOW had a net margin of 2.16% and a return on equity of 4.19%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, equities research analysts anticipate that NOW Inc will post 0.42 EPS for the current year.

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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, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as applied products and applications, such as artificial lift systems, coatings, and other expendable items.

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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