Wellington Management Group LLP Increases Stock Holdings in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Wellington Management Group LLP grew its holdings in shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 482,900 shares of the company’s stock after purchasing an additional 5,300 shares during the quarter. Wellington Management Group LLP owned approximately 2.94% of KLX Energy Services worth $5,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KLXE. Tower Research Capital LLC TRC increased its holdings in KLX Energy Services by 379.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the company’s stock valued at $43,000 after buying an additional 3,001 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of KLX Energy Services in the 3rd quarter worth $238,000. First Eagle Investment Management LLC bought a new position in KLX Energy Services in the 4th quarter worth $868,000. CastleKnight Management LP lifted its position in KLX Energy Services by 139.2% during the fourth quarter. CastleKnight Management LP now owns 173,041 shares of the company’s stock valued at $1,948,000 after purchasing an additional 100,708 shares in the last quarter. Finally, Findell Capital Management LLC bought a new stake in KLX Energy Services during the fourth quarter valued at about $5,630,000. Institutional investors own 42.69% of the company’s stock.

KLX Energy Services Price Performance

Shares of NASDAQ:KLXE opened at $4.95 on Friday. The company has a market capitalization of $83.51 million, a P/E ratio of -6.35 and a beta of 2.02. KLX Energy Services Holdings, Inc. has a 1-year low of $4.18 and a 1-year high of $13.42. The firm’s 50 day simple moving average is $5.50 and its two-hundred day simple moving average is $7.80. The company has a debt-to-equity ratio of 18.83, a current ratio of 1.72 and a quick ratio of 1.50.

KLX Energy Services (NASDAQ:KLXE) last released its earnings results on Tuesday, May 7th. The company reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.53). KLX Energy Services had a negative net margin of 1.51% and a negative return on equity of 20.39%. The firm had revenue of $174.70 million for the quarter, compared to analysts’ expectations of $181.60 million. Research analysts expect that KLX Energy Services Holdings, Inc. will post -3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price objective on KLX Energy Services from $11.50 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, May 20th.

About KLX Energy Services

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.