Guggenheim Capital LLC Has $587,000 Stake in Dril-Quip, Inc. (NYSE:DRQ)

Guggenheim Capital LLC raised its holdings in Dril-Quip, Inc. (NYSE:DRQ – Get Rating) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,070 shares of the oil and gas company’s stock after buying an additional 1,672 shares during the period. Guggenheim Capital LLC owned 0.09% of Dril-Quip worth $587,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in Dril-Quip by 7.9% in the 2nd quarter. Captrust Financial Advisors now owns 6,137 shares of the oil and gas company’s stock valued at $158,000 after buying an additional 448 shares during the last quarter. US Bancorp DE increased its stake in Dril-Quip by 172.1% in the 1st quarter. US Bancorp DE now owns 1,034 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 654 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Dril-Quip by 13.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 5,798 shares of the oil and gas company’s stock valued at $150,000 after buying an additional 699 shares during the last quarter. Sei Investments Co. increased its stake in Dril-Quip by 1.4% in the 2nd quarter. Sei Investments Co. now owns 51,374 shares of the oil and gas company’s stock valued at $1,242,000 after buying an additional 729 shares during the last quarter. Finally, Natixis Advisors L.P. increased its stake in Dril-Quip by 8.2% in the 2nd quarter. Natixis Advisors L.P. now owns 10,832 shares of the oil and gas company’s stock valued at $279,000 after buying an additional 818 shares during the last quarter.

Insider Buying and Selling at Dril-Quip

In other news, Director John Lovoi sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $35.29, for a total value of $458,770.00. Following the completion of the transaction, the director now directly owns 60,580 shares in the company, valued at approximately $2,137,868.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director John Lovoi sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $35.29, for a total value of $458,770.00. Following the completion of the transaction, the director now directly owns 60,580 shares in the company, valued at approximately $2,137,868.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kyle Mcclure sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $26.23, for a total transaction of $65,575.00. Following the transaction, the chief financial officer now owns 62,845 shares of the company’s stock, valued at $1,648,424.35. The disclosure for this sale can be found here. Insiders sold 18,436 shares of company stock valued at $601,374 in the last quarter. Company insiders own 2.02% of the company’s stock.

Dril-Quip Stock Down 3.7 %

NYSE DRQ opened at $29.55 on Friday. The company has a market capitalization of $1.01 billion, a P/E ratio of 2,955.00 and a beta of 1.09. Dril-Quip, Inc. has a 12-month low of $19.10 and a 12-month high of $41.23. The firm has a 50-day moving average price of $30.11 and a two-hundred day moving average price of $25.68.

Dril-Quip (NYSE:DRQ – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $96.81 million during the quarter, compared to the consensus estimate of $88.50 million. Dril-Quip had a net margin of 0.12% and a negative return on equity of 1.06%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.46) EPS. Equities analysts expect that Dril-Quip, Inc. will post -0.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. TheStreet raised shares of Dril-Quip from a “d+” rating to a “c-” rating in a research report on Tuesday, January 31st. Barclays lifted their price objective on shares of Dril-Quip from $23.00 to $27.00 and gave the company an “underweight” rating in a research report on Thursday, March 2nd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $32.33.

About Dril-Quip

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Dril-Quip, Inc designs, manufactures, sells and services engineered offshore drilling and production equipment. It operates through the following geographical segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. Its products include specialty casing connectors, mudline suspension equipment, downhole tools, capital drilling equipment, control systems, and dry tree systems.