Oppenheimer Asset Management Inc. Invests $1.36 Million in Expro Group Holdings (NYSE:XPRO)

Oppenheimer Asset Management Inc. acquired a new position in Expro Group Holdings (NYSE:XPRO) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 67,881 shares of the company’s stock, valued at approximately $1,356,000. Oppenheimer Asset Management Inc. owned approximately 0.06% of Expro Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Expro Group by 5.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 3,568,505 shares of the company’s stock worth $56,811,000 after purchasing an additional 194,646 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Expro Group by 45.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,672,872 shares of the company’s stock worth $42,554,000 after purchasing an additional 833,928 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Expro Group by 15.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,216,555 shares of the company’s stock worth $51,491,000 after purchasing an additional 298,655 shares in the last quarter. American Century Companies Inc. boosted its holdings in Expro Group by 27.1% in the 3rd quarter. American Century Companies Inc. now owns 1,861,245 shares of the company’s stock worth $43,237,000 after buying an additional 396,887 shares during the period. Finally, Boston Partners boosted its holdings in Expro Group by 18.2% in the 4th quarter. Boston Partners now owns 1,680,446 shares of the company’s stock worth $27,084,000 after buying an additional 258,172 shares during the period. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Expro Group Stock Performance

XPRO opened at $22.65 on Monday. The firm has a 50-day simple moving average of $21.70 and a two-hundred day simple moving average of $19.51. Expro Group Holdings has a 52 week low of $14.33 and a 52 week high of $25.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.50.

Expro Group (NYSE:XPRO) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). Expro Group had a negative net margin of 1.26% and a positive return on equity of 0.76%. The company had revenue of $383.49 million for the quarter, compared to the consensus estimate of $369.87 million. Equities analysts predict that Expro Group Holdings will post 0.84 EPS for the current year.

Insider Buying and Selling at Expro Group

In other news, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $22.25, for a total transaction of $60,117,720.00. Following the sale, the insider now directly owns 11,873,971 shares in the company, valued at approximately $264,195,854.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Quinn P. Fanning sold 17,500 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $21.06, for a total value of $368,550.00. Following the sale, the chief financial officer now directly owns 92,889 shares of the company’s stock, valued at approximately $1,956,242.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hill Advisors Lp Oak sold 2,701,920 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $22.25, for a total transaction of $60,117,720.00. Following the completion of the sale, the insider now directly owns 11,873,971 shares in the company, valued at $264,195,854.75. The disclosure for this sale can be found here. Insiders sold 2,737,240 shares of company stock valued at $60,891,007 in the last 90 days. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XPRO shares. Barclays raised shares of Expro Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $27.00 in a report on Tuesday, May 14th. Piper Sandler upped their target price on shares of Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $23.00 target price (up previously from $22.00) on shares of Expro Group in a report on Monday, June 3rd.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.