Raymond James Financial Services Advisors Inc. Acquires New Holdings in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Raymond James Financial Services Advisors Inc. bought a new position in KLX Energy Services Holdings, Inc. (NASDAQ:KLXEGet Rating) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 66,387 shares of the company’s stock, valued at approximately $546,000. Raymond James Financial Services Advisors Inc. owned 0.55% of KLX Energy Services as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of KLX Energy Services in the 1st quarter valued at $33,000. Royal Bank of Canada raised its position in shares of KLX Energy Services by 2,691.4% during the first quarter. Royal Bank of Canada now owns 12,003 shares of the company’s stock worth $62,000 after purchasing an additional 11,573 shares during the period. Jane Street Group LLC bought a new position in shares of KLX Energy Services during the 1st quarter valued at about $91,000. Gamco Investors INC. ET AL grew its position in shares of KLX Energy Services by 18.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 19,000 shares of the company’s stock valued at $98,000 after purchasing an additional 3,000 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of KLX Energy Services in the 1st quarter valued at approximately $99,000. 29.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on KLXE shares. Piper Sandler raised their target price on shares of KLX Energy Services from $10.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, November 18th. EF Hutton Acquisition Co. I restated a “buy” rating and set a $30.00 price objective (down from $35.00) on shares of KLX Energy Services in a report on Thursday, December 22nd.

KLX Energy Services Stock Down 0.1 %

KLXE stock opened at $15.00 on Wednesday. The business has a 50-day moving average of $15.27 and a 200-day moving average of $10.91. KLX Energy Services Holdings, Inc. has a fifty-two week low of $3.64 and a fifty-two week high of $18.63.

KLX Energy Services (NASDAQ:KLXEGet Rating) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $221.60 million for the quarter, compared to the consensus estimate of $215.00 million. On average, equities analysts predict that KLX Energy Services Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Insider Activity at KLX Energy Services

In other news, insider Geoffrey C. Stanford sold 4,190 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $16.89, for a total transaction of $70,769.10. Following the completion of the transaction, the insider now directly owns 12,677 shares in the company, valued at approximately $214,114.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Geoffrey C. Stanford sold 4,190 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $16.89, for a total value of $70,769.10. Following the completion of the sale, the insider now owns 12,677 shares of the company’s stock, valued at approximately $214,114.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Geoffrey C. Stanford sold 4,056 shares of the business’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $16.55, for a total transaction of $67,126.80. Following the transaction, the insider now owns 8,621 shares in the company, valued at $142,677.55. The disclosure for this sale can be found here. 5.50% of the stock is owned by insiders.

KLX Energy Services Profile

(Get Rating)

KLX Energy Services Holdings, Inc engages in the provision of completion, intervention and production services and products to onshore oil and gas producing regions. It operates through the following geographical segments: Southwest, Rocky Mountains and Northeast. The company was founded in 2018 and is headquartered in Houston, TX.

See Also

Institutional Ownership by Quarter for KLX Energy Services (NASDAQ:KLXE)

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