Dawson Geophysical Co (DWSN) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Dawson Geophysical Co (NASDAQ:DWSN) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,745,463 shares of the oil and gas company’s stock after acquiring an additional 21,110 shares during the quarter. Dimensional Fund Advisors LP owned 0.08% of Dawson Geophysical worth $5,900,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Rhumbline Advisers raised its stake in shares of Dawson Geophysical by 46.2% during the fourth quarter. Rhumbline Advisers now owns 29,555 shares of the oil and gas company’s stock worth $100,000 after acquiring an additional 9,339 shares in the last quarter. BlackRock Inc. raised its stake in shares of Dawson Geophysical by 0.5% during the fourth quarter. BlackRock Inc. now owns 1,887,468 shares of the oil and gas company’s stock worth $6,378,000 after acquiring an additional 9,775 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Dawson Geophysical by 8.3% during the fourth quarter. Bank of New York Mellon Corp now owns 145,447 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 11,184 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Dawson Geophysical during the fourth quarter worth approximately $41,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Dawson Geophysical by 288.9% during the third quarter. JPMorgan Chase & Co. now owns 36,281 shares of the oil and gas company’s stock worth $224,000 after acquiring an additional 26,951 shares in the last quarter. 68.29% of the stock is currently owned by hedge funds and other institutional investors.

DWSN stock opened at $2.53 on Friday. The company has a market cap of $61.79 million, a price-to-earnings ratio of -2.36 and a beta of 1.01. Dawson Geophysical Co has a one year low of $2.50 and a one year high of $8.40. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.05.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings results on Thursday, February 28th. The oil and gas company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.31). The business had revenue of $27.67 million for the quarter, compared to analysts’ expectations of $44.20 million. Dawson Geophysical had a negative return on equity of 18.79% and a negative net margin of 15.83%. On average, analysts anticipate that Dawson Geophysical Co will post -1.06 EPS for the current year.

In other news, EVP James W. Thomas bought 13,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $3.12 per share, for a total transaction of $40,560.00. Following the completion of the acquisition, the executive vice president now owns 59,400 shares of the company’s stock, valued at $185,328. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 7.24% of the stock is currently owned by company insiders.

Separately, Zacks Investment Research raised shares of Dawson Geophysical from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th.

COPYRIGHT VIOLATION WARNING: “Dawson Geophysical Co (DWSN) Position Raised by Dimensional Fund Advisors LP” was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/26/dawson-geophysical-co-dwsn-position-raised-by-dimensional-fund-advisors-lp.html.

About Dawson Geophysical

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.

Further Reading: What are the reasons investors use put options?

Want to see what other hedge funds are holding DWSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dawson Geophysical Co (NASDAQ:DWSN).

Institutional Ownership by Quarter for Dawson Geophysical (NASDAQ:DWSN)

Receive News & Ratings for Dawson Geophysical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dawson Geophysical and related companies with MarketBeat.com's FREE daily email newsletter.