Trust Co Of Oklahoma Lowers stake in NOW Inc (DNOW)

NOW Inc (DNOW) : Trust Co Of Oklahoma reduced its stake in NOW Inc by 2.17% during the most recent quarter end. The investment management company now holds a total of 13,500 shares of NOW Inc which is valued at $297,405 after selling 300 shares in NOW Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.NOW Inc makes up approximately 0.16% of Trust Co Of Oklahoma’s portfolio.

Other Hedge Funds, Including , 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.Bnp Paribas Arbitrage Sa reduced its stake in DNOW by selling 32,771 shares or 61.74% in the most recent quarter. The Hedge Fund company now holds 20,305 shares of DNOW which is valued at $448,741.Washington Trust Bank reduced its stake in DNOW by selling 65 shares or 18.31% in the most recent quarter. The Hedge Fund company now holds 290 shares of DNOW which is valued at $6,409.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 $22 and hit $22.24 on the upside on Friday, eventually ending the session at $22.03, with a gain of 0.14% or 0.03 points. The heightened volatility saw the trading volume jump to 7,07,296 shares. Company has a market cap of $2,368 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.

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