Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Dril-Quip, Inc. (NYSE:DRQ) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,522 shares of the oil and gas company’s stock after selling 1 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Dril-Quip were worth $269,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its holdings in shares of Dril-Quip by 17.6% in the 2nd quarter. LS Investment Advisors LLC now owns 3,014 shares of the oil and gas company’s stock worth $147,000 after acquiring an additional 450 shares during the last quarter. ING Groep NV acquired a new stake in shares of Dril-Quip in the 2nd quarter worth about $225,000. Advantus Capital Management Inc raised its holdings in shares of Dril-Quip by 3.6% in the 1st quarter. Advantus Capital Management Inc now owns 4,840 shares of the oil and gas company’s stock worth $264,000 after acquiring an additional 170 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Dril-Quip in the 1st quarter worth about $273,000. Finally, Commerce Bank raised its holdings in shares of Dril-Quip by 3.1% in the 2nd quarter. Commerce Bank now owns 5,125 shares of the oil and gas company’s stock worth $250,000 after acquiring an additional 155 shares during the last quarter.

Shares of Dril-Quip, Inc. (DRQ) opened at 43.00 on Monday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 79.93 and a beta of 0.67. The stock’s 50 day moving average is $40.05 and its 200 day moving average is $48.62. Dril-Quip, Inc. has a 52 week low of $35.85 and a 52 week high of $69.40.

Dril-Quip (NYSE:DRQ) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $127.90 million for the quarter, compared to the consensus estimate of $112.12 million. Dril-Quip had a net margin of 4.28% and a return on equity of 2.12%. The business’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, equities analysts forecast that Dril-Quip, Inc. will post $0.11 EPS for the current year.

A number of equities research analysts recently weighed in on DRQ shares. BidaskClub lowered shares of Dril-Quip from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Cowen and Company lowered their target price on shares of Dril-Quip from $55.00 to $43.00 and set a “market perform” rating on the stock in a report on Monday, July 31st. Scotiabank set a $61.00 target price on shares of Dril-Quip and gave the stock a “hold” rating in a report on Monday, July 31st. Finally, Piper Jaffray Companies set a $43.00 target price on shares of Dril-Quip and gave the stock a “hold” rating in a report on Saturday, July 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $56.00.

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Dril-Quip Company Profile

Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore.

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

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