104,288 Shares in DNOW Inc. $DNOW Bought by OP Asset Management Ltd

Posted by Geri Gentry on Jun 30th, 2026

OP Asset Management Ltd bought a new stake in shares of DNOW Inc. (NYSE:DNOW – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor bought 104,288 shares of the oil and gas company’s stock, valued at approximately $1,242,000.

Several other hedge funds have also bought and sold shares of DNOW. Pullen Investment Management LLC grew its position in shares of DNOW by 39.2% during the first quarter. Pullen Investment Management LLC now owns 228,832 shares of the oil and gas company’s stock valued at $2,725,000 after purchasing an additional 64,496 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of DNOW by 707.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,419 shares of the oil and gas company’s stock worth $59,000 after buying an additional 3,872 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in DNOW during the fourth quarter valued at approximately $11,168,000. Invesco Ltd. boosted its stake in DNOW by 51.9% during the fourth quarter. Invesco Ltd. now owns 1,211,925 shares of the oil and gas company’s stock valued at $16,058,000 after buying an additional 414,033 shares during the last quarter. Finally, Summit Global Investments grew its holdings in DNOW by 5.4% during the 4th quarter. Summit Global Investments now owns 16,991 shares of the oil and gas company’s stock valued at $225,000 after buying an additional 865 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

DNOW Stock Performance

DNOW stock opened at $13.14 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.42 and a quick ratio of 1.14. The firm has a market capitalization of $2.40 billion, a P/E ratio of -17.99 and a beta of 0.82. DNOW Inc. has a 1-year low of $10.94 and a 1-year high of $17.26. The company’s 50-day moving average is $13.17 and its 200 day moving average is $13.34.

DNOW (NYSE:DNOW – Get Free Report) last announced its earnings results on Thursday, May 7th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). DNOW had a negative net margin of 4.14% and a positive return on equity of 4.94%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the firm earned $0.22 EPS. The firm’s quarterly revenue was up 97.5% on a year-over-year basis. Research analysts forecast that DNOW Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on DNOW

About DNOW

(Free Report)

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.

104,288 Shares in DNOW Inc. $DNOW Bought by OP Asset Management Ltd

DNOW Stock Performance

Wall Street Analysts Forecast Growth

About DNOW

Further Reading

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