Shares in Dril-Quip, Inc. (NYSE:DRQ) Acquired by ING Groep NV

(NYSE:DRQ) during the second quarter, Holdings Channel reports. The institutional investor owned 9,960 shares of the oil and gas company's stock after selling 840 shares during the period. Tyers Asset Management LLC boosted its stake in shares of Dril-Quip by 18.9% in the first quarter. FMR LLC raised its position in Dril-Quip by 0.6% in the first quarter. Bank of Montreal Can now owns 22,424 shares of the oil and gas company's stock worth $1,223,000 after buying an additional 6,217 shares in the last quarter. NY raised its stake in shares of Dril-Quip by 0.3% in the first quarter. Neuburgh Advisers LLC boosted its stake in shares of Dril-Quip by 18.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,455,193 shares of the oil and gas company's stock valued at $133,929,000 after buying an additional 587,520 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Dril-Quip during the first quarter worth about $1,099,000. LS Investment Advisors LLC now owns 3,014 shares of the oil and gas company's stock worth $147,000 after buying an additional 450 shares during the last quarter. Moreover, Employees Retirement Association Of Colorado has 0% invested in Dril-Quip, Inc.

Shares of Dril-Quip (DRQ) traded down 1.95% during midday trading on Thursday, reaching $40.15. 554,229 shares of the stock were exchanged. Shares are trading at $40.75 significantly lower than $47.71, the stock's 50 day moving average and which is significantly below the 200 day moving average of $53.32.

The P/E ratio is now 74.63 and the market cap is 1.52B.

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(NYSE:DRQ) news were published by: Nasdaq.com which released: "Dril-Quip Stock Getting Very Oversold" on July 31, 2017. The oil and gas company reported $0.09 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.06. BlackRock has an ownership of 4,221,751 stocks of the oil and gas firms shares valued $206,022,000 after scooping up an extra 640,319 shares through out the previous quarter, Vanguard Group raised its stake in stocks of Dril-Quip by 4.2% in the Q1. The company had revenue of $127.90 million during the quarter, compared to analyst estimates of $112.12 million. Next quarter's EPS is forecasted at $-0.05 and the next full year EPS is anticipated to be $0.32. The company's revenue for the quarter was down 10.2% compared to the same quarter a year ago. Equities analysts predict that Dril-Quip, Inc. will post $0.10 EPS for the current fiscal year. FMR raised its stake in stocks of Dril-Quip by 0.6% in the Q1. "(NYSE:DRQ) Downgraded to Strong Sell at BidaskClub" was posted by BBNS and is owned by of BBNS. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and worldwide copyright & trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/08/10/dril-quip-inc-nysedrq-shares-sold-by-teachers-retirement-system-of-the-state-of-kentucky-updated.html.

A number of analysts recently weighed in on the stock. Scotiabank set a $61.00 price target on shares of Dril-Quip and gave the company a hold rating in a research report on Monday, July 31st. It is positive, as 30 investors sold Dril-Quip, Inc. shares while 76 reduced holdings. Cowen and Company lowered their price objective on shares of Dril-Quip from $55.00 to $43.00 and set a market perform rating on the stock in a research report on Monday, July 31st. Barclays PLC lowered shares of Dril-Quip from an overweight rating to an equal weight rating and decreased their price target for the company from $77.00 to $57.00 in a research report on Monday, May 1st. Finally, Zacks Investment Research upgraded shares of Dril-Quip from a "sell" rating to a "hold" rating in a research report on Tuesday, May 2nd.

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