NOW Inc (DNOW) : Integrated Investment Consultants scooped up 275 additional shares in NOW Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 3,891 shares of NOW Inc which is valued at $84,824.NOW Inc makes up approximately 0.04% of Integrated Investment Consultants’s portfolio.
Other Hedge Funds, Including , Waverton Investment Management Ltd added DNOW to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $224,500. NOW Inc makes up approx 0.02% of Waverton Investment Management Ltd’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in DNOW by selling 17,776 shares or 32.37% in the most recent quarter. The Hedge Fund company now holds 37,140 shares of DNOW which is valued at $842,335. NOW Inc makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Raymond James Trust N.a. reduced its stake in DNOW by selling 337 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 14,876 shares of DNOW which is valued at $337,388. NOW Inc makes up approx 0.03% of Raymond James Trust N.a.’s portfolio. Simplex Trading sold out all of its stake in DNOW during the most recent quarter. The investment firm sold 3,880 shares of DNOW which is valued $85,476.Cacti Asset Management reduced its stake in DNOW by selling 4,000 shares or 61.54% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of DNOW which is valued at $55,250. NOW Inc makes up approx 0.01% of Cacti Asset Management’s portfolio.
NOW Inc opened for trading at $21.97 and hit $22.18 on the upside on Friday, eventually ending the session at $21.8, with a gain of 0.09% or 0.02 points. The heightened volatility saw the trading volume jump to 9,00,750 shares. Company has a market cap of $2,343 M.
On the company’s financial health, NOW Inc reported $-0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.46. The company had revenue of $501.00 million for the quarter, compared to analysts expectations of $458.37 million. The company’s revenue was down -33.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.16 EPS.
Many Wall Street Analysts have commented on NOW Inc. Cowen Initiated NOW Inc on Sep 16, 2016 to “Market Perform”, Price Target of the shares are set at $22.
NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates through three segments: United States (U.S.) Canada and International. The Company operates primarily under the DistributionNOW and Wilson Export brands. Its energy product offering is needed throughout all sectors of the oil and gas industry from upstream drilling and completion exploration and production (E&P) midstream infrastructure development to downstream petroleum refining as well as in other industries. It also provides supply chain management to drilling contractors E&P operators midstream operators downstream energy and industrial manufacturing companies around the world. The Company’s global product offering includes consumable maintenance repair and operating (MRO) supplies pipe valves fittings flanges electrical artificial lift solutions mill tools safety supplies and spare parts to support customers’ operations.