SG Americas Securities LLC raised its position in Dril-Quip, Inc. (NYSE:DRQ) by 147.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,529 shares of the oil and gas company’s stock after acquiring an additional 40,284 shares during the quarter. SG Americas Securities LLC’s holdings in Dril-Quip were worth $2,028,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in DRQ. Fisher Asset Management LLC increased its position in shares of Dril-Quip by 55.2% in the third quarter. Fisher Asset Management LLC now owns 1,684,741 shares of the oil and gas company’s stock valued at $88,028,000 after acquiring an additional 599,214 shares during the period. Alliancebernstein L.P. increased its position in shares of Dril-Quip by 9.1% in the third quarter. Alliancebernstein L.P. now owns 2,200,795 shares of the oil and gas company’s stock valued at $114,992,000 after acquiring an additional 183,841 shares during the period. BTIM Corp. increased its position in shares of Dril-Quip by 19.9% in the fourth quarter. BTIM Corp. now owns 485,904 shares of the oil and gas company’s stock valued at $14,591,000 after acquiring an additional 80,783 shares during the period. TVR Capital Management LP purchased a new position in shares of Dril-Quip in the third quarter valued at about $2,340,000. Finally, Gabelli Funds LLC increased its position in shares of Dril-Quip by 72.1% in the fourth quarter. Gabelli Funds LLC now owns 105,000 shares of the oil and gas company’s stock valued at $3,153,000 after acquiring an additional 44,000 shares during the period.
Shares of NYSE DRQ opened at $37.15 on Wednesday. Dril-Quip, Inc. has a 1 year low of $26.62 and a 1 year high of $58.95. The stock has a market cap of $1.28 billion, a P/E ratio of 142.88 and a beta of 1.46.
Dril-Quip Company Profile
Dril-Quip, Inc, together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. It operates through three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific.
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