Fidelity National Financial Inc. Acquires New Holdings in KLX Energy Services Holdings, Inc. $KLXE

Fidelity National Financial Inc. bought a new position in shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 933,616 shares of the company’s stock, valued at approximately $1,354,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KLXE. Kestra Advisory Services LLC raised its position in KLX Energy Services by 183.4% in the third quarter. Kestra Advisory Services LLC now owns 572,215 shares of the company’s stock valued at $830,000 after purchasing an additional 370,336 shares during the period. Engineers Gate Manager LP purchased a new position in shares of KLX Energy Services during the 2nd quarter worth $72,000. NewEdge Advisors LLC purchased a new position in shares of KLX Energy Services during the 2nd quarter worth $65,000. Bank of New York Mellon Corp purchased a new position in shares of KLX Energy Services during the 2nd quarter worth $60,000. Finally, Renaissance Technologies LLC increased its position in shares of KLX Energy Services by 10.2% during the 1st quarter. Renaissance Technologies LLC now owns 152,100 shares of the company’s stock worth $395,000 after purchasing an additional 14,100 shares during the last quarter. Hedge funds and other institutional investors own 42.69% of the company’s stock.

KLX Energy Services Price Performance

KLX Energy Services stock opened at $1.28 on Friday. The company’s 50 day simple moving average is $1.31 and its 200-day simple moving average is $2.24. The company has a debt-to-equity ratio of 479.00, a quick ratio of 0.97 and a current ratio of 1.18. KLX Energy Services Holdings, Inc. has a 1 year low of $0.92 and a 1 year high of $4.50. The company has a market capitalization of $27.43 million, a price-to-earnings ratio of -0.41 and a beta of 0.81.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.09). The company had revenue of $185.60 million for the quarter, compared to analysts’ expectations of $182.50 million. As a group, equities research analysts expect that KLX Energy Services Holdings, Inc. will post -1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of KLX Energy Services from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 28th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, KLX Energy Services has an average rating of “Reduce”.

Insider Activity at KLX Energy Services

In other news, insider Max Bouthillette purchased 30,000 shares of the stock in a transaction dated Monday, November 9th. The stock was acquired at an average cost of $1.02 per share, for a total transaction of $30,600.00. Following the completion of the transaction, the insider directly owned 255,697 shares in the company, valued at approximately $260,810.94. This represents a 13.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 5.44% of the stock is currently owned by corporate insiders.

KLX Energy Services Profile

KLX Energy Services Holdings, Inc. provides technical oilfield services and equipment to exploration and production companies operating primarily in the United States. The company supports onshore drilling, completion and production activities, helping customers construct, maintain and optimize oil and natural gas wells. Its service portfolio includes well-intervention and completion services such as coiled tubing, wireline, pressure pumping, stimulation, snubbing, well testing and related technical services.