First Hawaiian Bank Has $263,000 Stock Position in NexTier Oilfield Solutions Inc. (NYSE:NEX)

First Hawaiian Bank lowered its stake in NexTier Oilfield Solutions Inc. (NYSE:NEXGet Rating) by 59.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 28,500 shares of the company’s stock after selling 42,117 shares during the period. First Hawaiian Bank’s holdings in NexTier Oilfield Solutions were worth $263,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd grew its stake in NexTier Oilfield Solutions by 2,229.4% in the 3rd quarter. Point72 Hong Kong Ltd now owns 6,103 shares of the company’s stock valued at $28,000 after buying an additional 5,841 shares during the last quarter. CIBC Asset Management Inc bought a new stake in NexTier Oilfield Solutions in the 4th quarter valued at about $36,000. SCP Investment LP bought a new stake in NexTier Oilfield Solutions in the 4th quarter valued at about $71,000. Schroder Investment Management Group boosted its holdings in NexTier Oilfield Solutions by 2,953,100.0% in the 4th quarter. Schroder Investment Management Group now owns 29,532 shares of the company’s stock valued at $105,000 after purchasing an additional 29,531 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in NexTier Oilfield Solutions by 21.6% in the 4th quarter. Teacher Retirement System of Texas now owns 31,561 shares of the company’s stock valued at $112,000 after purchasing an additional 5,615 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Shares of NexTier Oilfield Solutions stock opened at $8.78 on Friday. The company has a 50 day moving average of $10.62 and a 200-day moving average of $8.13. NexTier Oilfield Solutions Inc. has a 1-year low of $3.06 and a 1-year high of $12.50. The company has a current ratio of 1.09, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a market cap of $2.14 billion, a PE ratio of -32.52 and a beta of 2.12.

NexTier Oilfield Solutions (NYSE:NEXGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.05 EPS for the quarter. The business had revenue of $635.04 million during the quarter, compared to the consensus estimate of $569.97 million. NexTier Oilfield Solutions had a negative net margin of 3.07% and a negative return on equity of 9.81%. Research analysts forecast that NexTier Oilfield Solutions Inc. will post 0.97 earnings per share for the current year.

In other NexTier Oilfield Solutions news, CFO Kenneth Pucheu sold 23,500 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $11.02, for a total value of $258,970.00. Following the completion of the transaction, the chief financial officer now directly owns 134,544 shares in the company, valued at approximately $1,482,674.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Keane Investor Holdings Llc sold 7,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $10.80, for a total transaction of $75,600,000.00. Following the completion of the transaction, the insider now owns 32,330,828 shares of the company’s stock, valued at $349,172,942.40. The disclosure for this sale can be found here. In the last three months, insiders sold 7,197,690 shares of company stock valued at $77,924,360. 12.50% of the stock is owned by insiders.

A number of analysts have issued reports on NEX shares. Piper Sandler boosted their price objective on shares of NexTier Oilfield Solutions from $12.75 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, June 1st. ATB Capital set a $16.50 price objective on shares of NexTier Oilfield Solutions in a report on Monday. Barclays boosted their price objective on shares of NexTier Oilfield Solutions from $9.00 to $15.00 in a report on Monday, May 2nd. Stifel Nicolaus boosted their price objective on shares of NexTier Oilfield Solutions from $14.00 to $17.00 in a report on Thursday, June 16th. Finally, StockNews.com initiated coverage on shares of NexTier Oilfield Solutions in a report on Thursday, March 31st. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, NexTier Oilfield Solutions currently has a consensus rating of “Hold” and a consensus price target of $13.61.

NexTier Oilfield Solutions Company Profile (Get Rating)

NexTier Oilfield Solutions Inc, through its subsidiaries, provides well completion and production services in various active and demanding basins. The company operates through two segments, Completion Services, and Well Construction and Intervention Services. The Completion Services segment offers hydraulic fracturing services to enhance production of oil and natural gas from formations with low permeability and restricted flow of hydrocarbons; wireline services; and perforating, pumpdown, pipe recovery, pressure pumping, and wellsite make-up and pressure testing services.

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Institutional Ownership by Quarter for NexTier Oilfield Solutions (NYSE:NEX)

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