Important Short Interest Filing: Dril-quip Incorporated (NYSE:DRQ) Shorted Shares Decreased By 0.25%

December 1, 2016 - By Pete Kolinski   ·   0 Comments

Important Short Interest Filing: Dril quip Incorporated (NYSE:DRQ) Shorted Shares Decreased By 0.25%

The stock of Dril-quip Incorporated (NYSE:DRQ) registered a decrease of 0.25% in short interest. DRQ’s total short interest was 4.65 million shares in December as published by FINRA. Its down 0.25% from 4.66 million shares, reported previously. With 545,200 shares average volume, it will take short sellers 9 days to cover their DRQ’s short positions. The short interest to Dril-quip Incorporated’s float is 12.43%. About 212,239 shares traded hands. Dril-Quip, Inc. (NYSE:DRQ) has declined 7.88% since April 28, 2016 and is downtrending. It has underperformed by 13.81% the S&P500.

Dril-Quip, Inc. designs, makes, sells and services engineered offshore drilling and production equipment. The company has a market cap of $2.27 billion. The Company’s principal products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters. It has a 15.39 P/E ratio. The Company’s activities are organized into three geographic divisions-Western Hemisphere, including North and South America; Eastern Hemisphere, including Europe and Africa, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East.

Insitutional Activity: The institutional sentiment increased to 1.24 in Q2 2016. Its up 0.09, from 1.15 in 2016Q1. The ratio is positive, as 29 funds sold all Dril-Quip, Inc. shares owned while 82 reduced positions. 30 funds bought stakes while 98 increased positions. They now own 39.08 million shares or 1.13% less from 39.52 million shares in 2016Q1.
Art Ltd Company has 0.12% invested in the company for 39,735 shares. Birch Run Limited Partnership holds 124,600 shares or 2.89% of its portfolio. Vollero Beach Capital Prtnrs Ltd has 0.21% invested in the company for 15,659 shares. Blackrock Inc has 46,125 shares for 0% of their US portfolio. Advsr Asset Mgmt owns 6,884 shares or 0.01% of their US portfolio. Liberty Mutual Gp Asset Mngmt accumulated 16,475 shares or 0.04% of the stock. Envestnet Asset Mgmt accumulated 12,992 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Swiss Bankshares holds 62,900 shares or 0.01% of its portfolio. Kayne Anderson Rudnick Inv Management Ltd Liability holds 1.62 million shares or 1.42% of its portfolio. Regions reported 30,206 shares or 0.02% of all its holdings. Paloma, a Connecticut-based fund reported 29,291 shares. Huntington Commercial Bank owns 3,262 shares or 0.01% of their US portfolio. Great Lakes Ltd Liability has 92,857 shares for 0.15% of their US portfolio. Wells Fargo Mn accumulated 0.01% or 406,677 shares.

Insider Transactions: Since November 16, 2016, the stock had 0 insider purchases, and 2 selling transactions for $842,752 net activity. 10,000 shares with value of $531,100 were sold by BROOKS JERRY M on Wednesday, November 16. $311,652 worth of Dril-Quip, Inc. (NYSE:DRQ) was sold by Webster James C. on Wednesday, November 16.

Dril-Quip, Inc. (NYSE:DRQ) Ratings Coverage

Out of 12 analysts covering Dril Quip (NYSE:DRQ), 2 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 17% are positive. Dril Quip has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Friday, July 29, the company rating was maintained by Howard Weil. The firm has “Sector Perform” rating by Howard Weil given on Thursday, October 27. The stock of Dril-Quip, Inc. (NYSE:DRQ) has “Equal-Weight” rating given on Tuesday, April 19 by Morgan Stanley. The firm has “Accumulate” rating given on Monday, December 14 by KLR Group. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, April 27. The stock of Dril-Quip, Inc. (NYSE:DRQ) has “Buy” rating given on Tuesday, August 4 by Johnson Rice. The rating was downgraded by Howard Weil to “Sector Perform” on Monday, December 14. Guggenheim upgraded Dril-Quip, Inc. (NYSE:DRQ) on Monday, November 30 to “Buy” rating. The stock of Dril-Quip, Inc. (NYSE:DRQ) earned “Hold” rating by Johnson Rice on Monday, February 22. The firm has “Neutral” rating given on Thursday, April 28 by Piper Jaffray.

DRQ Company Profile

Dril-Quip, Inc. (Dril-Quip), incorporated on August 12, 1997, designs, makes, sells and services engineered offshore drilling and production equipment. The Company’s equipment is suited for use in deepwater, a range of environments and a range of service applications. The Company’s principal products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters. The Company’s activities are organized into three geographic divisions-Western Hemisphere, including North and South America; Eastern Hemisphere, including Europe and Africa, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East. The Firm has manufacturing facilities in approximately three of its headquarter locations, as well as in Macae, Brazil. The Firm also has additional facilities for fabrication, reconditioning and rework in Australia, Norway, Denmark, Nigeria, China, Egypt, Ghana and Qatar.

More recent Dril-Quip, Inc. (NYSE:DRQ) news were published by: Marketwatch.com which released: “Dril-Quip stock price target raised to $66 from $56 at Barclays” on December 21, 2009. Also Prnewswire.com published the news titled: “Dril-Quip, Inc. Announces Results For Third Quarter 2016” on October 27, 2016. Prnewswire.com‘s news article titled: “Dril-Quip, Inc. To Present At J.P. Morgan Inaugural Energy Equity Conference” with publication date: June 24, 2016 was also an interesting one.

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By Pete Kolinski

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