According to the most recent SEC filing that the company has made, during the third quarter of 2018, the State of New Jersey Common Pension Fund D increased its holdings in NexTier Oilfield Solutions Inc. (NYSE: NEX) by 6.1%. This data was gleaned from the company’s submission to the SEC, which was made earlier today. The corporation has now amassed 237,648 shares of ownership due to purchasing an additional 13,613 shares of the company’s stock over time. According to the most up-to-date information that NexTier Oilfield Solutions has provided to the SEC, the State of New Jersey Common Pension Fund D owned 0.10% of the company, valued at $1,759,000 at the time.
Alterations have been made to the positions other hedge funds held within the company by several other hedge funds. During the second quarter, Captrust Financial Advisors made a 42.9% investment increase in NexTier Oilfield Solutions, bringing the total amount of its own in that company to 100%. Captrust Financial Advisors purchased an additional 1,221 shares of the company’s stock in the most recent quarter, bringing their total number of shares owned to 4,066 with a value of $39,000.This brings the total number of shares owned in the business to 4,066. Macquarie Group Ltd. increased the proportion of NexTier Oilfield Solutions that it owns by 52.7% during the second quarter. Macquarie Group Ltd. now has 6,831 shares of the company’s stock, which has a current value of $65,000 after purchasing an additional 2,357 shares during the most recent period. This brings the total number of shares that the company owns to 6,831. During the second quarter, Eagle Bay Advisors LLC made a 132.3% increase in its position in NexTier Oilfield Solutions. Eagle Bay Advisors LLC now owns 7,816 shares valued at $74,000. This was made possible due to subsequent purchases that added a total of 4,452 additional shares. By purchasing shares of NexTier Oilfield Solutions during the third quarter of the fiscal year, Galvin Gaustad & Stein LLC could invest $89,000 in the company. During the second quarter of the fiscal year, Mackenzie Financial Corporation invested 114 thousand dollars in NexTier Oilfield Solutions. Institutional investors of various types, including hedge funds, hold 76.09% of the company’s total share capital.
On Friday, the opening price of a share of NEX stock was $9.03 per share. The company has a price-to-earnings ratio of 11.73, a beta value of 2.06, and a market capitalization of $2.22 billion. The current ratio is 1.30, the quick ratio is 1.21, and the debt-to-equity ratio is 0.48. All of these ratios are fairly standard. The ratios in each of these examples are fairly typical. NexTier Oilfield Solutions Inc. hit an all-time low of $4.82 during the past year, while the company reached an all-time high of $12.50 during the same period. According to the simple moving average of the previous 200 trading days, the stock price is $9.28, and according to the simple moving average of the previous 50 trading days, the stock price is $9.54.
On October 25, shareholders of NexTier Oilfield Solutions (NYSE: NEX) were provided access to the company’s most recent quarterly earnings report. The company reported earnings of $0.49 per share for the quarter, which is $0.03 higher than the average estimate of $0.46 per share floating around the internet. The results of NexTier Oilfield Solutions’ successful performance can be seen in their respectable net margin of 6.69% and 38.98% return on equity for the company. Additionally, the company’s quarterly results came in at $0.49 per share, which is $0.03 more than the consensus estimate of $0.46 per share. As evidenced by their respectable net margin of 6.69% and 38.98% return on equity, NexTier Oilfield Solutions had a successful performance. The actual revenue for the company during the quarter was $896.01 million, which is significantly lower than the $921.72 million market experts anticipated the company would make during the quarter. Se