Dimensional Fund Advisors LP Has $47.10 Million Stock Position in NexTier Oilfield Solutions Inc. (NYSE:NEX)

Dimensional Fund Advisors LP grew its position in NexTier Oilfield Solutions Inc. (NYSE:NEX – Get Rating) by 4.1% in the third quarter, HoldingsChannel.com reports. The fund owned 6,365,085 shares of the company’s stock after buying an additional 252,486 shares during the quarter. Dimensional Fund Advisors LP’s holdings in NexTier Oilfield Solutions were worth $47,102,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in NexTier Oilfield Solutions by 67.2% in the 2nd quarter. FMR LLC now owns 10,792,691 shares of the company’s stock worth $102,639,000 after purchasing an additional 4,336,990 shares during the period. Millennium Management LLC raised its holdings in NexTier Oilfield Solutions by 477.8% in the 2nd quarter. Millennium Management LLC now owns 2,440,344 shares of the company’s stock valued at $23,208,000 after acquiring an additional 2,017,979 shares during the period. Principal Financial Group Inc. raised its holdings in NexTier Oilfield Solutions by 12,221.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,942,432 shares of the company’s stock valued at $18,472,000 after acquiring an additional 1,926,668 shares during the period. Bank of New York Mellon Corp raised its holdings in NexTier Oilfield Solutions by 266.2% in the 1st quarter. Bank of New York Mellon Corp now owns 2,401,437 shares of the company’s stock valued at $22,189,000 after acquiring an additional 1,745,628 shares during the period. Finally, Invesco Ltd. raised its holdings in NexTier Oilfield Solutions by 99.0% in the 1st quarter. Invesco Ltd. now owns 3,041,152 shares of the company’s stock valued at $28,100,000 after acquiring an additional 1,513,097 shares during the period. Institutional investors own 76.09% of the company’s stock.

Analysts Set New Price Targets

NEX has been the topic of a number of analyst reports. StockNews.com upgraded shares of NexTier Oilfield Solutions from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 17th. Morgan Stanley cut their target price on shares of NexTier Oilfield Solutions from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 4th. Susquehanna dropped their price target on shares of NexTier Oilfield Solutions from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, February 17th. Raymond James assumed coverage on shares of NexTier Oilfield Solutions in a research note on Friday, December 9th. They set a “strong-buy” rating and a $19.00 target price for the company. Finally, Citigroup raised their price target on shares of NexTier Oilfield Solutions from $12.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, February 17th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.59.

NexTier Oilfield Solutions Trading Up 1.1 %

NEX stock opened at $9.26 on Tuesday. NexTier Oilfield Solutions Inc. has a 12 month low of $6.66 and a 12 month high of $12.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.31 and a quick ratio of 1.19. The firm’s 50-day moving average is $9.23 and its 200 day moving average is $9.38. The company has a market capitalization of $2.16 billion, a PE ratio of 7.29, a P/E/G ratio of 1.47 and a beta of 2.10.

NexTier Oilfield Solutions Profile

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NexTier Oilfield Solutions, Incis an oilfield service company. It offers completion solutions, hydraulic fracturing, wire line, pump down, coiled tubing, cementing, rig services, special services, and fluids management services. The company operates through the following segments: Completion Services, Well Construction and Intervention Services, and Well Support Services.