Raymond James Financial Services Advisors Inc. Sells 5,587 Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Raymond James Financial Services Advisors Inc. lowered its position in shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) by 8.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 60,800 shares of the company’s stock after selling 5,587 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in KLX Energy Services were worth $685,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KLXE. BlackRock Inc. increased its position in shares of KLX Energy Services by 555.0% during the second quarter. BlackRock Inc. now owns 704,221 shares of the company’s stock valued at $6,852,000 after acquiring an additional 596,713 shares in the last quarter. EAM Investors LLC purchased a new stake in KLX Energy Services in the fourth quarter worth approximately $4,066,000. Morgan Stanley boosted its holdings in KLX Energy Services by 145.7% in the fourth quarter. Morgan Stanley now owns 393,678 shares of the company’s stock worth $6,815,000 after purchasing an additional 233,478 shares during the last quarter. Steamboat Capital Partners LLC purchased a new stake in KLX Energy Services in the fourth quarter worth approximately $3,438,000. Finally, State Street Corp boosted its holdings in KLX Energy Services by 498.1% in the second quarter. State Street Corp now owns 228,562 shares of the company’s stock worth $2,224,000 after purchasing an additional 190,346 shares during the last quarter. Institutional investors own 42.69% of the company’s stock.

KLX Energy Services Trading Down 4.5 %

Shares of KLXE stock opened at $7.00 on Thursday. KLX Energy Services Holdings, Inc. has a 12-month low of $6.91 and a 12-month high of $13.42. The company has a current ratio of 1.77, a quick ratio of 1.56 and a debt-to-equity ratio of 8.26. The firm’s 50 day moving average is $7.97 and its 200 day moving average is $9.38. The stock has a market capitalization of $117.11 million, a P/E ratio of 5.60 and a beta of 2.15.

KLX Energy Services (NASDAQ:KLXE) last issued its earnings results on Wednesday, March 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.34). KLX Energy Services had a return on equity of 62.68% and a net margin of 2.16%. The company had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $193.70 million. Research analysts expect that KLX Energy Services Holdings, Inc. will post -0.46 earnings per share for the current year.

KLX Energy Services Company 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.