TD Asset Management Inc. Has $2.85 Million Stock Position in NexTier Oilfield Solutions Inc. (NYSE:NEX)

TD Asset Management Inc. decreased its position in NexTier Oilfield Solutions Inc. (NYSE:NEXGet Rating) by 24.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 308,686 shares of the company’s stock after selling 99,824 shares during the period. TD Asset Management Inc. owned approximately 0.13% of NexTier Oilfield Solutions worth $2,852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in shares of NexTier Oilfield Solutions in the 1st quarter valued at $49,000. Arizona State Retirement System grew its holdings in shares of NexTier Oilfield Solutions by 12.6% in the 1st quarter. Arizona State Retirement System now owns 49,056 shares of the company’s stock valued at $453,000 after buying an additional 5,505 shares during the period. Teacher Retirement System of Texas lifted its position 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 acquiring an additional 5,615 shares in the last quarter. Profund Advisors LLC lifted its position in NexTier Oilfield Solutions by 19.2% in the 4th quarter. Profund Advisors LLC now owns 44,742 shares of the company’s stock valued at $159,000 after acquiring an additional 7,196 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in NexTier Oilfield Solutions by 44.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,716 shares of the company’s stock valued at $247,000 after acquiring an additional 8,185 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Insider Activity

In other news, Director James Carl Stewart sold 57,500 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $12.00, for a total value of $690,000.00. Following the sale, the director now directly owns 2,276,867 shares of the company’s stock, valued at approximately $27,322,404. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director James Carl Stewart sold 57,500 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $12.00, for a total value of $690,000.00. Following the transaction, the director now owns 2,276,867 shares in the company, valued at approximately $27,322,404. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kevin M. Mcdonald sold 50,000 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $12.02, for a total transaction of $601,000.00. Following the completion of the transaction, the executive vice president now owns 260,738 shares in the company, valued at approximately $3,134,070.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,500 shares of company stock valued at $1,771,800. 12.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NEX shares. Barclays boosted their price objective on shares of NexTier Oilfield Solutions from $9.00 to $15.00 in a research report on Monday, May 2nd. Susquehanna Bancshares set a $11.00 price objective on shares of NexTier Oilfield Solutions in a research report on Monday, June 20th. Morgan Stanley boosted their price objective on shares of NexTier Oilfield Solutions from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, August 1st. Bank of America cut shares of NexTier Oilfield Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.50 to $9.50 in a research report on Friday, July 15th. Finally, Citigroup boosted their price target on shares of NexTier Oilfield Solutions to $15.00 in a research report on Friday, June 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, NexTier Oilfield Solutions has an average rating of “Hold” and a consensus price target of $13.30.

NexTier Oilfield Solutions Stock Down 2.6 %

Shares of NEX stock opened at $10.02 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 1.19. The firm’s 50-day moving average is $9.00 and its 200-day moving average is $9.45. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 66.80 and a beta of 2.01. NexTier Oilfield Solutions Inc. has a 52-week low of $3.21 and a 52-week high of $12.50.

NexTier Oilfield Solutions (NYSE:NEXGet Rating) last issued its earnings results on Tuesday, July 26th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. The company had revenue of $842.91 million for the quarter, compared to analysts’ expectations of $830.73 million. NexTier Oilfield Solutions had a net margin of 1.85% and a return on equity of 16.29%. Sell-side analysts predict that NexTier Oilfield Solutions Inc. will post 1.24 EPS for the current year.

NexTier Oilfield Solutions Company Profile

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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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