Northern Trust Corp increased its holdings in Dawson Geophysical Co (NASDAQ:DWSN) by 235.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 265,638 shares of the oil and gas company’s stock after purchasing an additional 186,546 shares during the quarter. Northern Trust Corp’s holdings in Dawson Geophysical were worth $2,099,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Robotti Robert grew its position in Dawson Geophysical by 5.0% in the second quarter. Robotti Robert now owns 230,267 shares of the oil and gas company’s stock worth $1,819,000 after acquiring an additional 10,959 shares during the period. Rhumbline Advisers purchased a new position in Dawson Geophysical in the second quarter worth approximately $156,000. Dimensional Fund Advisors LP grew its position in Dawson Geophysical by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,660,621 shares of the oil and gas company’s stock worth $13,119,000 after acquiring an additional 118,518 shares during the period. Russell Investments Group Ltd. grew its position in Dawson Geophysical by 815.9% in the second quarter. Russell Investments Group Ltd. now owns 24,272 shares of the oil and gas company’s stock worth $191,000 after acquiring an additional 21,622 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Dawson Geophysical by 55.4% in the second quarter. Bank of New York Mellon Corp now owns 136,038 shares of the oil and gas company’s stock worth $1,074,000 after acquiring an additional 48,484 shares during the period. Institutional investors own 68.33% of the company’s stock.
Several brokerages recently weighed in on DWSN. Zacks Investment Research upgraded Dawson Geophysical from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Tuesday, November 6th. ValuEngine lowered Dawson Geophysical from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Raymond James lowered Dawson Geophysical from a “strong-buy” rating to an “outperform” rating in a research report on Friday, August 3rd.
Dawson Geophysical (NASDAQ:DWSN) last issued its quarterly earnings data on Thursday, November 1st. The oil and gas company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.02. The company had revenue of $40.45 million during the quarter, compared to analyst estimates of $32.13 million. Dawson Geophysical had a negative return on equity of 12.60% and a negative net margin of 10.35%. On average, equities research analysts anticipate that Dawson Geophysical Co will post -0.73 EPS for the current year.
Dawson Geophysical Profile
Dawson Geophysical Company provides onshore seismic data acquisition services in the United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries.
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