New York State Common Retirement Fund lifted its position in DNOW Inc. (NYSE:DNOW – Free Report) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 870,959 shares of the oil and gas company’s stock after buying an additional 56,319 shares during the period. New York State Common Retirement Fund owned about 0.82% of DNOW worth $10,338,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming bought a new position in DNOW during the fourth quarter valued at approximately $31,000. Quarry LP lifted its position in DNOW by 63.4% during the first quarter. Quarry LP now owns 3,144 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,220 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in DNOW during the fourth quarter valued at approximately $42,000. Tower Research Capital LLC TRC increased its holdings in DNOW by 535.8% during the first quarter. Tower Research Capital LLC TRC now owns 3,726 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 3,140 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in DNOW by 173.7% during the first quarter. Captrust Financial Advisors now owns 5,973 shares of the oil and gas company’s stock valued at $66,000 after buying an additional 3,791 shares during the last quarter. Institutional investors own 95.50% of the company’s stock.
DNOW Trading Down 2.4 %
Shares of DNOW stock opened at $9.62 on Thursday. DNOW Inc. has a 12 month low of $8.83 and a 12 month high of $14.86. The stock has a market cap of $1.02 billion, a P/E ratio of 8.08 and a beta of 1.40. The company has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $10.91.
DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and industrial manufacturing operations in the United States, Canada, and internationally. It offers its products under the DistributionNOW and DNOW brand names.
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