2 weeks Ago By Defense World Staff
Brandes Investment Partners LP raised its holdings in Dril-Quip, Inc. ( NYSE:DRQ – Free Report ) by 29.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 3,732,716 shares of the oil and gas company’s stock after buying an additional 852,035 shares during the quarter. Brandes Investment Partners LP owned 10.84% of Dril-Quip worth $69,408,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in DRQ. Stifel Financial Corp increased its position in Dril-Quip by 13.5% in the 4th quarter.
Stifel Financial Corp now owns 672,614 shares of the oil and gas company’s stock valued at $15,652,000 after acquiring an additional 79,885 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Dril-Quip by 8.3% in the fourth quarter.
Gabelli Funds LLC now owns 446,080 shares of the oil and gas company’s stock valued at $10,380,000 after purchasing an additional 34,280 shares in the last quarter. CenterBook Partners LP increased its holdings in shares of Dril-Quip by 17.6% in the fourth quarter.
CenterBook Partners LP now owns 57,969 shares of the oil and gas company’s stock valued at $1,349,000 after purchasing an additional 8,662 shares in the last quarter. Ranger Investment Management L.P.
raised its position in Dril-Quip by 58.5% in the 4th quarter. Ranger Investment Management L.
P. now owns 1,105,735 shares of the oil and gas company’s stock worth $25,730,000 after purchasing an additional 408,076 shares during the last quarter. Finally, Gamco Investors INC.
ET AL lifted its holdings in Dril-Quip by 7.3% during the 4th quarter. Gamco Investors INC.
ET AL now owns 2,116,859 shares of the oil and gas company’s stock worth $49,259,000 after buying an additional 144,916 shares in the last quarter. Wall Street Analyst Weigh In Separately, StockNews.com assumed coverage on Dril-Quip in a research note on Thursday.
They issued a “sell” rating for the company. Insiders Place Their Bets In other Dril-Quip news, VP James C. Webster sold 6,000 shares of Dril-Quip stock in a transaction dated Monday, August 12th.
The stock was sold at an average price of $14.67, for a total value of $88,020.00.
Following the sale, the vice president now owns 56,735 shares of the company’s stock, valued at approximately $832,302.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
Corporate insiders own 1.70% of the company’s stock. Dril-Quip Price Performance Dril-Quip stock opened at $15.
41 on Monday. Dril-Quip, Inc. has a fifty-two week low of $14.
07 and a fifty-two week high of $30.93. The firm has a market capitalization of $530.
41 million, a price-to-earnings ratio of -24.08 and a beta of 0.84.
The company’s 50 day simple moving average is $16.03 and its 200 day simple moving average is $18.82.
Dril-Quip ( NYSE:DRQ – Get Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.
17 by ($0.07). Dril-Quip had a negative net margin of 5.
69% and a negative return on equity of 2.49%. The firm had revenue of $120.
34 million during the quarter, compared to analyst estimates of $118.85 million. During the same period last year, the firm earned ($0.
03) EPS. Dril-Quip’s quarterly revenue was up 34.3% on a year-over-year basis.
As a group, analysts predict that Dril-Quip, Inc. will post 0.45 EPS for the current fiscal year.
Dril-Quip Profile ( Free Report ) Dril-Quip, Inc, together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for offshore and onshore applications worldwide. The company’s principal products include subsea and surface wellheads, specialty connectors and associated pipes, subsea production trees and systems, mudline hanger systems, production riser systems, dry tree systems, subsea manifolds, line hangers and expandable liner systems, multi-frac well connections, conventional wellheads, thermal wellheads, completion packers, and safety and kelly valves; and rig equipment comprises drilling riser systems, wellhead connectors, diverters, and cement manifolds. Recommended Stories Five stocks we like better than Dril-Quip Health Care Stocks Explained: Why You Might Want to Invest 3 Bargain Stocks Under $20 With Major Growth Potential 3 Fintech Stocks With Good 2021 Prospects Top 5 ETFs to Own Now and Into 2025 What Are Dividend Achievers? An Introduction Watch These 3 Former Short-Squeeze Stocks for a Big Rally Receive News & Ratings for Dril-Quip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dril-Quip and related companies with MarketBeat.
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