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Nov 30, 2023

NexTier Oilfield Solutions Inc. (NYSE:NEX) Shares Sold by HRT Financial LP

HRT Financial LP reduced its holdings in shares of NexTier Oilfield Solutions

HRT Financial LP reduced its holdings in shares of NexTier Oilfield Solutions Inc. (NYSE:NEX - Get Rating) by 76.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,161 shares of the company's stock after selling 451,560 shares during the quarter. HRT Financial LP owned approximately 0.06% of NexTier Oilfield Solutions worth $1,285,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NEX. Harbor Investment Advisory LLC acquired a new position in NexTier Oilfield Solutions in the fourth quarter valued at approximately $36,000. Captrust Financial Advisors grew its position in shares of NexTier Oilfield Solutions by 42.9% in the 2nd quarter. Captrust Financial Advisors now owns 4,066 shares of the company's stock valued at $39,000 after buying an additional 1,221 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in NexTier Oilfield Solutions during the 3rd quarter worth $33,000. Macquarie Group Ltd. lifted its position in NexTier Oilfield Solutions by 52.7% in the second quarter. Macquarie Group Ltd. now owns 6,831 shares of the company's stock valued at $65,000 after acquiring an additional 2,357 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new position in NexTier Oilfield Solutions in the fourth quarter valued at $68,000. Hedge funds and other institutional investors own 76.09% of the company's stock.

NEX has been the subject of several research reports. Piper Sandler reduced their target price on NexTier Oilfield Solutions from $14.00 to $13.00 in a report on Monday, May 1st. Bank of America lowered shares of NexTier Oilfield Solutions from a "neutral" rating to an "underperform" rating and set a $8.50 target price on the stock. in a research report on Tuesday, April 18th. StockNews.com initiated coverage on shares of NexTier Oilfield Solutions in a research report on Thursday, May 18th. They issued a "buy" rating for the company. Susquehanna lowered their price objective on shares of NexTier Oilfield Solutions from $10.00 to $8.90 in a research report on Monday, April 3rd. Finally, Citigroup lifted their price objective on shares of NexTier Oilfield Solutions from $12.00 to $12.50 and gave the company a "buy" rating in a research note on Friday, February 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NexTier Oilfield Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $13.54.

Shares of NYSE:NEX opened at $8.05 on Tuesday. NexTier Oilfield Solutions Inc. has a fifty-two week low of $6.66 and a fifty-two week high of $12.50. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm's 50-day simple moving average is $8.02 and its 200-day simple moving average is $8.90. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 3.50, a PEG ratio of 1.26 and a beta of 2.07.

NexTier Oilfield Solutions (NYSE:NEX - Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.03. NexTier Oilfield Solutions had a return on equity of 63.92% and a net margin of 15.80%. The company had revenue of $935.67 million for the quarter, compared to analyst estimates of $926.41 million. As a group, equities research analysts predict that NexTier Oilfield Solutions Inc. will post 2.53 earnings per share for the current year.

NexTier Oilfield Solutions, Incis an oilfield service company. It offers completion solutions, hydraulic fracturing, wire line, pump down, coiled tubing, cementing, rig services, special services, and fluids management services. The company operates through the following segments: Completion Services, Well Construction and Intervention Services, and Well Support Services.

Want to see what other hedge funds are holding NEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexTier Oilfield Solutions Inc. (NYSE:NEX - Get Rating).

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