Dril-Quip, Inc. (NYSE:DRQ) Shares Bought by American International Group Inc

Lloyd Doyle
December 17, 2017

The institutional investor held 414,146 shares of the energy company at the end of 2017Q2, valued at $20.21 million, down from 1.08M at the end of the previous reported quarter. Dalton Greiner Hartman Maher & Co who had been investing in Dril for a number of months, seems to be bullish on the $1.68 billion market cap company. (NYSE:DRQ) traded down $0.20 on Friday, reaching $45.25. 692,616 shares of the stock traded hands, compared to its average volume of 485,204.

ILLEGAL ACTIVITY WARNING: "Somewhat Positive Media Coverage Somewhat Unlikely to Impact Dril-Quip (DRQ) Stock Price" was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. It has underperformed by 25.50% the S&P500. (NYSE:DRQ). Wesbanco Retail Bank Inc has 4,685 shares for 0.01% of their portfolio. FBR & Co raised shares of Dril-Quip from a "neutral" rating to a "buy" rating and lifted their target price for the company from $49.00 to $55.00 in a report on Tuesday, October 10th. Company insiders own 0.87% of the company's stock. (NYSE:DRQ) for 61 shares. Hormel Foods Corporation (NYSE:HRL) has declined 1.53% since December 16, 2016 and is downtrending.

(NYSE:DRQ) were released by: Prnewswire.com and their article: "Dril-Quip, Inc". (NYSE:DRQ) for 7,751 shares. Piper Jaffray maintained it with "Hold" rating and $40.0 target in Thursday, October 19 report. On Friday, July 31 the stock rating was maintained by Howard Weil with "Sector Outperform". (NYSE:DRQ) on Thursday, October 27 with "Sector Perform" rating. The stock of Hormel Foods Corporation (NYSE:HRL) has "Overweight" rating given on Wednesday, November 25 by Stephens.

Investors sentiment increased to 1.31 in 2017 Q2. The stock has a market cap of $1,650.00, a price-to-earnings ratio of 107.74 and a beta of 0.73. 24 funds opened positions while 52 raised stakes. 195.22 million shares or 2.48% more from 190.49 million shares in 2017Q1 were reported. Smith Moore & has invested 0.09% in Hormel Foods Corporation (NYSE:HRL). Reilly Advsrs Ltd Llc owns 335 shares or 0% of their U.S. portfolio. Moreover, Howe Rusling has 0% invested in Nautilus, Inc. Sg Americas Ltd holds 0.01% of its portfolio in Dril-Quip, Inc. Its down 0.78% from 820,900 shares previously. Municipal Employees Retirement System of Michigan's holdings in Dril-Quip were worth $505,000 at the end of the most recent reporting period. Riverhead Capital Management LLC now owns 2,663 shares of the oil and gas company's stock worth $130,000 after acquiring an additional 1,063 shares in the last quarter. Sterling Capital Mgmt Llc reported 15,937 shares or 0.01% of all its holdings. Kornitzer Mngmt Incorporated Ks holds 0.03% or 99,700 shares in its portfolio. Bokf Na owns 79,938 shares for 0.09% of their portfolio. Raymond James & Associates sold 54,134 shares as Dril (DRQ)'s stock declined 15.20%. Shares for $789,445 were sold by MORRISON JOHN L on Friday, October 13. Following the completion of the transaction, the insider now owns 126,208 shares in the company, valued at approximately $5,636,449.28. Also, insider Blake T. Deberry sold 10,000 shares of the firm's stock in a transaction on Wednesday, November 15th.


Since October 2, 2017, it had 0 insider buys, and 8 sales for $1.74 million activity. (NYSE:DRQ) was sold by Bird Jeffrey J. on Saturday, October 28.

Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment.

Investors sentiment decreased to 0.85 in Q2 2017. Its up 0.19, from 0.85 in 2017Q1. It is negative, as 32 investors sold DRQ shares while 85 reduced holdings. Dimensional Fund Advisors LP grew its position in Dril-Quip by 27.9% in the 2nd quarter. Royal Natl Bank Of Canada owns 26,165 shares. Heartland Advisors Inc has invested 0.35% in Dril-Quip, Inc. (NYSE:DRQ) shares were sold by Webster James C. SHUKIS A P sold $26,236 worth of stock or 613 shares. First Mercantile has invested 0.01% in Dril-Quip, Inc.

Dril-Quip (NYSE:DRQ) last issued its quarterly earnings results on Friday, October 27th. (NYSE:DRQ). Nomura Asset Management owns 0% invested in Dril-Quip, Inc. (NYSE:DRQ) for 115,006 shares. Deutsche Fincl Bank Ag holds 0.01% of its portfolio in Dril-Quip, Inc. Assetmark has invested 0% of its portfolio in Dril-Quip, Inc. (NYSE:DRQ) for 5,162 shares. Boston Prns holds 0.02% of its portfolio in Dril-Quip, Inc. (NYSE:NLS). Putnam Invs Ltd, Massachusetts-based fund reported 140,200 shares. Cowen & Co maintained Dril-Quip, Inc. Gotham Asset Ltd Liability invested 0.01% of its portfolio in Nautilus, Inc. Utd Automobile Association holds 0% or 8,170 shares. (NYSE:DRQ) news were published by: Prnewswire.com which released: "Dril-Quip Announces Appointment Of Jeffrey Bird As Vice President And Chief ..." on March 09, 2017, also Prnewswire.com with their article: "Dril-Quip, Inc". Wolfe Research raised shares of Dril-Quip from an "underperform" rating to a "market perform" rating in a report on Tuesday, October 31st. On Monday, February 22 the stock rating was downgraded by Johnson Rice to "Hold". (NYSE:DRQ) has "Neutral" rating given on Wednesday, June 22 by JP Morgan. Dril-Quip had a negative net margin of 6.14% and a positive return on equity of 1.19%. Dril-Quip presently has a consensus rating of "Hold" and an average target price of $48.57.

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