US Bancorp DE lowered its position in Dawson Geophysical Co (NASDAQ:DWSN) by 42.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,834 shares of the oil and gas company’s stock after selling 72,150 shares during the period. US Bancorp DE’s holdings in Dawson Geophysical were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Dawson Geophysical by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,490,953 shares of the oil and gas company’s stock worth $5,845,000 after purchasing an additional 57,167 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Dawson Geophysical by 70.0% in the second quarter. Ameriprise Financial Inc. now owns 706,073 shares of the oil and gas company’s stock worth $2,768,000 after purchasing an additional 290,762 shares during the last quarter. Quantum Capital Management bought a new stake in Dawson Geophysical in the third quarter worth about $340,000. Finally, Goldman Sachs Group Inc. lifted its stake in Dawson Geophysical by 261.5% in the second quarter. Goldman Sachs Group Inc. now owns 52,217 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 37,771 shares during the last quarter. 62.11% of the stock is owned by institutional investors and hedge funds.
Shares of Dawson Geophysical Co (NASDAQ DWSN) opened at $5.59 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.01 and a quick ratio of 4.01. Dawson Geophysical Co has a 12 month low of $3.70 and a 12 month high of $8.10.
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Dawson Geophysical Company Profile
Dawson Geophysical Company, formerly TGC Industries, Inc, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries.
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