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

Wellington Management Group LLP lifted its stake in shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 482,900 shares of the company’s stock after buying an additional 5,300 shares during the period. Wellington Management Group LLP’s holdings in KLX Energy Services were worth $5,437,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Gendell Jeffrey L lifted its position in KLX Energy Services by 1.6% during the 4th quarter. Gendell Jeffrey L now owns 1,526,795 shares of the company’s stock worth $17,192,000 after acquiring an additional 24,603 shares during the period. Findell Capital Management LLC acquired a new stake in shares of KLX Energy Services during the fourth quarter worth about $5,630,000. CastleKnight Management LP boosted its position in KLX Energy Services by 139.2% in the fourth quarter. CastleKnight Management LP now owns 173,041 shares of the company’s stock valued at $1,948,000 after buying an additional 100,708 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in KLX Energy Services in the 4th quarter worth approximately $868,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in KLX Energy Services during the 3rd quarter valued at approximately $238,000. 42.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their price objective on shares of 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.

KLX Energy Services Stock Performance

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

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.53). The company had revenue of $174.70 million during the quarter, compared to analyst estimates of $181.60 million. KLX Energy Services had a negative net margin of 1.51% and a negative return on equity of 20.39%. On average, equities analysts forecast that KLX Energy Services Holdings, Inc. will post -3.35 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.