Dril-Quip, Inc. (NYSE:DRQ) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in Dril-Quip, Inc. (NYSE:DRQFree Report) by 32.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,535 shares of the oil and gas company’s stock after selling 6,861 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Dril-Quip were worth $409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its position in Dril-Quip by 4.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,957,043 shares of the oil and gas company’s stock worth $45,540,000 after purchasing an additional 74,787 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Dril-Quip by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,954,358 shares of the oil and gas company’s stock worth $45,478,000 after purchasing an additional 72,584 shares during the last quarter. State Street Corp grew its position in Dril-Quip by 16.9% in the 1st quarter. State Street Corp now owns 1,627,383 shares of the oil and gas company’s stock worth $60,783,000 after purchasing an additional 235,177 shares during the last quarter. Bank of New York Mellon Corp grew its position in Dril-Quip by 27.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,363,507 shares of the oil and gas company’s stock worth $38,410,000 after purchasing an additional 292,521 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Dril-Quip by 1.9% in the second quarter. William Blair Investment Management LLC now owns 1,255,875 shares of the oil and gas company’s stock valued at $29,224,000 after acquiring an additional 23,308 shares in the last quarter.

Insider Activity

In related news, Director Terence Bartlett Jupp sold 1,414 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $22.90, for a total transaction of $32,380.60. Following the completion of the sale, the director now directly owns 59,615 shares of the company’s stock, valued at $1,365,183.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their price objective on shares of Dril-Quip from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Thursday, November 2nd.

Get Our Latest Report on DRQ

Dril-Quip Price Performance

Dril-Quip stock opened at $20.38 on Friday. The firm has a 50 day simple moving average of $21.66 and a 200-day simple moving average of $24.47. The stock has a market capitalization of $696.65 million, a PE ratio of -407.60 and a beta of 0.84. Dril-Quip, Inc. has a 12-month low of $18.93 and a 12-month high of $35.95.

Dril-Quip Profile

(Free Report)

Dril-Quip, Inc, together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for for both offshore and onshore applications worldwide. The company's principal products include subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves.

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

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