Dril-Quip, Inc. (DRQ) Holdings Cut by Energy Opportunities Capital Management LLC

Energy Opportunities Capital Management LLC cut its position in Dril-Quip, Inc. (NYSE:DRQ) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 62,223 shares of the oil and gas company’s stock after selling 9,150 shares during the period. Dril-Quip makes up about 2.1% of Energy Opportunities Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Energy Opportunities Capital Management LLC owned about 0.16% of Dril-Quip worth $2,968,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Shell Asset Management Co. purchased a new position in Dril-Quip in the third quarter worth about $1,742,000. Nordea Investment Management AB raised its holdings in Dril-Quip by 51.8% in the third quarter. Nordea Investment Management AB now owns 54,931 shares of the oil and gas company’s stock worth $2,425,000 after buying an additional 18,739 shares during the last quarter. State Street Corp raised its holdings in Dril-Quip by 22.0% in the second quarter. State Street Corp now owns 1,441,200 shares of the oil and gas company’s stock worth $70,327,000 after buying an additional 260,352 shares during the last quarter. OxFORD Asset Management LLP purchased a new position in Dril-Quip in the third quarter worth about $695,000. Finally, Wesbanco Bank Inc. raised its holdings in Dril-Quip by 52.3% in the third quarter. Wesbanco Bank Inc. now owns 7,135 shares of the oil and gas company’s stock worth $315,000 after buying an additional 2,450 shares during the last quarter.

Dril-Quip, Inc. (NYSE DRQ) opened at $46.50 on Friday. Dril-Quip, Inc. has a twelve month low of $35.85 and a twelve month high of $67.95. The firm has a market cap of $1,760.52, a P/E ratio of 110.71 and a beta of 0.72.

DRQ has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating on shares of Dril-Quip in a report on Wednesday, November 1st. Gabelli initiated coverage on shares of Dril-Quip in a report on Friday, October 20th. They issued a “hold” rating and a $43.00 target price for the company. Zacks Investment Research cut shares of Dril-Quip from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Scotiabank set a $61.00 target price on shares of Dril-Quip and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Cowen set a $45.00 target price on shares of Dril-Quip and gave the stock a “hold” rating in a report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $49.43.

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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.

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

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