Geode Capital Management LLC Acquires 7,328 Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Geode Capital Management LLC boosted its holdings in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 160,342 shares of the company’s stock after buying an additional 7,328 shares during the period. Geode Capital Management LLC’s holdings in KLX Energy Services were worth $877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in shares of KLX Energy Services during the 3rd quarter valued at $58,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KLX Energy Services during the 2nd quarter valued at $84,000. PDT Partners LLC lifted its holdings in shares of KLX Energy Services by 82.4% during the 3rd quarter. PDT Partners LLC now owns 19,699 shares of the company’s stock valued at $108,000 after buying an additional 8,901 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of KLX Energy Services by 90.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company’s stock valued at $130,000 after buying an additional 12,485 shares during the period. Finally, Barclays PLC lifted its holdings in shares of KLX Energy Services by 56,523.3% during the 3rd quarter. Barclays PLC now owns 24,348 shares of the company’s stock valued at $133,000 after buying an additional 24,305 shares during the period. 42.69% of the stock is owned by institutional investors.

KLX Energy Services Price Performance

NASDAQ KLXE opened at $5.21 on Friday. The business’s fifty day moving average price is $5.27 and its 200-day moving average price is $5.58. The stock has a market capitalization of $87.84 million, a price-to-earnings ratio of -1.76 and a beta of 2.14. The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08. KLX Energy Services Holdings, Inc. has a 1-year low of $4.18 and a 1-year high of $10.68.

KLX Energy Services (NASDAQ:KLXE) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.08. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. The firm had revenue of $188.90 million for the quarter, compared to analysts’ expectations of $181.60 million. On average, equities analysts predict that KLX Energy Services Holdings, Inc. will post -2.83 earnings per share for the current year.

KLX Energy Services Profile

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.