Dril-Quip, Inc. (NYSE:DRQ) Shares Bought by CenterBook Partners LP

CenterBook Partners LP lifted its holdings in shares of Dril-Quip, Inc. (NYSE:DRQFree Report) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,969 shares of the oil and gas company’s stock after buying an additional 8,662 shares during the quarter. CenterBook Partners LP owned approximately 0.17% of Dril-Quip worth $1,349,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Stifel Financial Corp raised its stake in shares of Dril-Quip by 13.5% during the 4th quarter. Stifel Financial Corp now owns 672,614 shares of the oil and gas company’s stock worth $15,652,000 after buying an additional 79,885 shares during the period. Gabelli Funds LLC raised its stake in Dril-Quip by 8.3% in the 4th 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in Dril-Quip by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,150,385 shares of the oil and gas company’s stock valued at $50,040,000 after purchasing an additional 43,434 shares during the last quarter. Tudor Investment Corp Et Al acquired a new position in Dril-Quip in the 3rd quarter valued at $2,405,000. Finally, Brandes Investment Partners LP raised its stake in Dril-Quip by 36.8% in the 3rd quarter. Brandes Investment Partners LP now owns 2,206,515 shares of the oil and gas company’s stock valued at $62,158,000 after purchasing an additional 593,982 shares during the last quarter.

Insider Buying and Selling at Dril-Quip

In other news, VP James C. Webster sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.16, for a total transaction of $92,640.00. Following the completion of the transaction, the vice president now directly owns 62,735 shares in the company, valued at approximately $1,452,942.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP James C. Webster sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.16, for a total transaction of $92,640.00. Following the completion of the transaction, the vice president now directly owns 62,735 shares in the company, valued at approximately $1,452,942.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey J. Bird sold 7,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.14, for a total value of $173,550.00. Following the transaction, the chief executive officer now owns 155,327 shares of the company’s stock, valued at $3,594,266.78. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Dril-Quip Stock Up 0.2 %

NYSE:DRQ traded up $0.04 during trading hours on Friday, hitting $17.53. The company had a trading volume of 182,555 shares, compared to its average volume of 253,909. The company has a 50-day moving average of $19.82 and a 200 day moving average of $21.29. Dril-Quip, Inc. has a 1 year low of $16.64 and a 1 year high of $30.93.

Dril-Quip (NYSE:DRQGet Free Report) last issued its earnings results on Thursday, May 2nd. The oil and gas company reported ($0.62) earnings per share (EPS) for the quarter. The company had revenue of $110.30 million during the quarter. Dril-Quip had a negative net margin of 4.89% and a negative return on equity of 2.98%. On average, research analysts expect that Dril-Quip, Inc. will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays reduced their price objective on Dril-Quip from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Tuesday, May 14th. Evercore ISI reduced their price objective on Dril-Quip from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Finally, StockNews.com raised Dril-Quip from a “sell” rating to a “hold” rating in a research note on Friday, March 15th.

Read Our Latest Analysis on Dril-Quip

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.

Read More

Want to see what other hedge funds are holding DRQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dril-Quip, Inc. (NYSE:DRQFree Report).

Institutional Ownership by Quarter for Dril-Quip (NYSE:DRQ)

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.com's FREE daily email newsletter.