Nationwide Fund Advisors Has $4.06 Million Position in Dril-Quip, Inc. (DRQ)
Nationwide Fund Advisors decreased its position in shares of Dril-Quip, Inc. (NYSE:DRQ) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,947 shares of the oil and gas company’s stock after selling 13,709 shares during the period. Nationwide Fund Advisors owned 0.24% of Dril-Quip worth $4,059,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new stake in Dril-Quip during the second quarter valued at approximately $3,652,000. American Century Companies Inc. raised its holdings in shares of Dril-Quip by 0.5% in the second quarter. American Century Companies Inc. now owns 879,376 shares of the oil and gas company’s stock worth $42,914,000 after buying an additional 3,963 shares during the last quarter. Heartland Advisors Inc. purchased a new position in shares of Dril-Quip in the second quarter worth $5,467,000. Shell Asset Management Co. purchased a new position in shares of Dril-Quip in the third quarter worth $1,742,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Dril-Quip in the second quarter worth $1,547,000.
In other news, VP James C. Webster sold 4,890 shares of Dril-Quip stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $41.49, for a total value of $202,886.10. Following the sale, the vice president now owns 34,947 shares in the company, valued at $1,449,951.03. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey J. Bird sold 1,931 shares of Dril-Quip stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $41.49, for a total transaction of $80,117.19. Following the completion of the sale, the chief financial officer now owns 24,719 shares in the company, valued at approximately $1,025,591.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,662 shares of company stock worth $2,013,999. 0.87% of the stock is owned by company insiders.
Shares of Dril-Quip, Inc. (DRQ) opened at $44.45 on Friday. The company has a market cap of $1,713.19, a price-to-earnings ratio of 107.74 and a beta of 0.73. Dril-Quip, Inc. has a 52-week low of $35.85 and a 52-week high of $67.95.
Dril-Quip (NYSE:DRQ) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The company had revenue of $100.35 million for the quarter, compared to analyst estimates of $106.74 million. Dril-Quip had a negative net margin of 6.14% and a positive return on equity of 1.19%. The firm’s revenue was down 18.8% on a year-over-year basis. During the same quarter last year, the business earned $0.63 earnings per share. research analysts forecast that Dril-Quip, Inc. will post 0.2 earnings per share for the current fiscal year.
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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