Oxbow Advisors LLC Reduces Position in Expro Group Holdings (NYSE:XPRO)

Oxbow Advisors LLC decreased its position in Expro Group Holdings (NYSE:XPRO) by 5.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,197 shares of the company’s stock after selling 2,000 shares during the period. Oxbow Advisors LLC’s holdings in Expro Group were worth $738,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in XPRO. Earnest Partners LLC purchased a new position in Expro Group during the 1st quarter valued at about $92,106,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Expro Group by 5.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 3,568,505 shares of the company’s stock valued at $56,811,000 after acquiring an additional 194,646 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Expro Group by 45.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,672,872 shares of the company’s stock worth $42,554,000 after acquiring an additional 833,928 shares during the period. Vanguard Group Inc. boosted its holdings in Expro Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 2,352,277 shares of the company’s stock valued at $46,975,000 after acquiring an additional 38,053 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in Expro Group by 12.5% during the 1st quarter. William Blair Investment Management LLC now owns 2,122,987 shares of the company’s stock valued at $42,396,000 after purchasing an additional 236,098 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.

Expro Group Stock Down 3.2 %

Shares of XPRO stock traded down $0.58 during mid-day trading on Friday, reaching $17.72. 1,266,584 shares of the company’s stock traded hands, compared to its average volume of 952,199. The company’s 50-day moving average price is $21.28 and its 200-day moving average price is $20.54. The company has a market cap of $1.96 billion, a P/E ratio of -98.44, a P/E/G ratio of 2.15 and a beta of 0.97. The company has a quick ratio of 1.56, a current ratio of 1.90 and a debt-to-equity ratio of 0.09. Expro Group Holdings has a 12 month low of $14.33 and a 12 month high of $25.04.

Expro Group (NYSE:XPRO) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $469.64 million for the quarter, compared to the consensus estimate of $419.20 million. Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. On average, equities analysts expect that Expro Group Holdings will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Expro Group news, CTO Steven J. Russell sold 15,000 shares of Expro Group stock in a transaction on Friday, June 21st. The stock was sold at an average price of $23.01, for a total transaction of $345,150.00. Following the completion of the transaction, the chief technology officer now owns 84,873 shares in the company, valued at $1,952,927.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on XPRO. Barclays raised their target price on shares of Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $23.00 price objective (up from $22.00) on shares of Expro Group in a report on Monday, June 3rd. Finally, Piper Sandler lifted their price objective on Expro Group from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, May 20th.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.