Coldstream Capital Management Inc. Buys Shares of 21,136 NOW Inc (NYSE:DNOW)

Coldstream Capital Management Inc. acquired a new position in NOW Inc (NYSE:DNOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,136 shares of the oil and gas company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC increased 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 buying an additional 774 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in NOW by 1,090.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 501,882 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 459,739 shares during the period. First Hawaiian Bank boosted its stake in NOW by 27.6% in the fourth quarter. First Hawaiian Bank now owns 6,581 shares of the oil and gas company’s stock valued at $77,000 after acquiring an additional 1,425 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in NOW in the fourth quarter valued at approximately $117,000. Finally, Koshinski Asset Management Inc. acquired a new stake in NOW in the fourth quarter valued at approximately $128,000.

DNOW stock opened at $15.25 on Tuesday. The stock has a market cap of $1.64 billion, a PE ratio of 42.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.76 and a quick ratio 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 quarterly earnings data on Thursday, February 14th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $772.87 million. NOW had a net margin of 1.66% and a return on equity of 3.24%. NOW’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 EPS. As a group, equities analysts anticipate that NOW Inc will post 0.43 EPS for the current fiscal year.

Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of NOW from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. ValuEngine upgraded shares of NOW from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Stifel Nicolaus downgraded shares of NOW from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $17.00 to $13.00 in a research note on Wednesday, December 19th. Seven investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $15.40.

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About NOW

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.

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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