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

Geode Capital Management LLC raised its holdings in shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,342 shares of the company’s stock after purchasing an additional 7,328 shares during the period. Geode Capital Management LLC owned 0.95% of KLX Energy Services worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KLXE. American Century Companies Inc. raised its position in KLX Energy Services by 12.5% during the 2nd quarter. American Century Companies Inc. now owns 177,965 shares of the company’s stock valued at $881,000 after purchasing an additional 19,744 shares during the last quarter. Dimensional Fund Advisors LP grew 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 worth $130,000 after acquiring an additional 12,485 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of KLX Energy Services during the 2nd quarter worth approximately $156,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of KLX Energy Services during the 2nd quarter worth approximately $84,000. Finally, Clifford Capital Partners LLC grew its holdings in shares of KLX Energy Services by 13.9% during the 2nd quarter. Clifford Capital Partners LLC now owns 70,347 shares of the company’s stock worth $348,000 after acquiring an additional 8,589 shares during the period. Institutional investors own 42.69% of the company’s stock.

KLX Energy Services Stock Up 2.0 %

KLXE stock opened at $5.21 on Friday. KLX Energy Services Holdings, Inc. has a fifty-two week low of $4.18 and a fifty-two week high of $10.68. The business’s 50 day moving average price is $5.27 and its two-hundred day moving average price is $5.58. The company has a debt-to-equity ratio of 105.76, a quick ratio of 1.08 and a current ratio of 1.24. The company has a market capitalization of $87.84 million, a price-to-earnings ratio of -1.76 and a beta of 2.14.

KLX Energy Services (NASDAQ:KLXE) last posted its earnings results on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $181.60 million. As a group, analysts forecast that KLX Energy Services Holdings, Inc. will post -2.83 earnings per share for the current fiscal 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.