Innovex International, Inc. (DRQ)

Dril-Quip, Inc. (NYSE:DRQ) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. decreased its stake in Dril-Quip, Inc. (NYSE:DRQ – Free Report) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,800 shares of the oil and gas company’s stock after selling 1,984 shares during the period. Natixis Advisors L.P.’s holdings in Dril-Quip were worth $251,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently bought and sold shares of DRQ. Brandes Investment Partners LP boosted its holdings in Dril-Quip by 36.8% in the third quarter. Brandes Investment Partners LP now owns 2,206,515 shares of the oil and gas company’s stock valued at $62,158,000 after purchasing an additional 593,982 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Dril-Quip by 0.9% in the third quarter. Gamco Investors INC. ET AL now owns 1,971,943 shares of the oil and gas company’s stock valued at $55,550,000 after purchasing an additional 16,900 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Dril-Quip by 2.2% in the third quarter. William Blair Investment Management LLC now owns 1,284,077 shares of the oil and gas company’s stock valued at $36,172,000 after purchasing an additional 28,202 shares during the last quarter. Heartland Advisors Inc. boosted its holdings in Dril-Quip by 17.5% in the third quarter. Heartland Advisors Inc. now owns 872,949 shares of the oil and gas company’s stock valued at $26,434,000 after purchasing an additional 130,085 shares during the last quarter. Finally, Ranger Investment Management L.P. raised its stake in Dril-Quip by 365.7% during the third quarter. Ranger Investment Management L.P. now owns 697,659 shares of the oil and gas company’s stock valued at $19,653,000 after buying an additional 547,859 shares in the last quarter. Wall Street Analyst Weigh In DRQ has been the topic of a number of research reports. Evercore ISI dropped their price target on Dril-Quip from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. StockNews.com upgraded Dril-Quip from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Barclays dropped their price target on Dril-Quip from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 14th. Read Our Latest Analysis on Dril-Quip Dril-Quip Price Performance DRQ opened at $19.25 on Monday. The stock’s 50 day moving average price is $21.32 and its 200 day moving average price is $21.70. The stock has a market cap of $662.59 million, a P/E ratio of -30.08 and a beta of 0.90. Dril-Quip, Inc. has a 12 month low of $17.80 and a 12 month high of $30.93. Dril-Quip (NYSE:DRQ – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported ($0.62) earnings per share (EPS) for the quarter. The firm had revenue of $110.30 million for the quarter. Dril-Quip had a negative net margin of 4.89% and a negative return on equity of 2.98%. Equities analysts anticipate that Dril-Quip, Inc. will post 0.45 EPS for the current year. Insider Buying and Selling at Dril-Quip In other Dril-Quip news, CEO Jeffrey J. Bird sold 7,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.14, for a total transaction of $173,550.00. Following the completion of the transaction, the chief executive officer now directly owns 155,327 shares of the company’s stock, valued at approximately $3,594,266.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP James C. Webster sold 4,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.16, for a total transaction of $92,640.00. Following the completion of the sale, the vice president now directly owns 62,735 shares of the company’s stock, valued at approximately $1,452,942.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey J. Bird sold 7,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.14, for a total value of $173,550.00. Following the sale, the chief executive officer now directly owns 155,327 shares of the company’s stock, valued at $3,594,266.78. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders. Dril-Quip Company Profile (Free Report) Dril-Quip, Inc, together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for offshore and onshore applications worldwide. The company's principal products include subsea and surface wellheads, specialty connectors and associated pipes, subsea production trees and systems, mudline hanger systems, production riser systems, dry tree systems, subsea manifolds, line hangers and expandable liner systems, multi-frac well connections, conventional wellheads, thermal wellheads, completion packers, and safety and kelly valves; and rig equipment comprises drilling riser systems, wellhead connectors, diverters, and cement manifolds.