Dockside LLC Acquires New Position in Expro Group Holdings N.V. $XPRO

Dockside LLC acquired a new stake in Expro Group Holdings N.V. (NYSE:XPRO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 122,872 shares of the company’s stock, valued at approximately $1,640,000. Dockside LLC owned 0.11% of Expro Group as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new stake in Expro Group in the fourth quarter valued at about $58,165,000. Insight Wealth Strategies LLC acquired a new stake in Expro Group in the fourth quarter valued at about $3,571,000. Connable Office Inc. acquired a new stake in Expro Group in the fourth quarter valued at about $440,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Expro Group in the fourth quarter valued at about $690,000. Finally, Vanguard Group Inc. lifted its position in Expro Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 10,626,402 shares of the company’s stock valued at $126,242,000 after purchasing an additional 38,826 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings cut shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Barclays increased their target price on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 8th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a report on Thursday, June 4th. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Piper Sandler raised their price objective on shares of Expro Group from $13.00 to $16.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Expro Group presently has an average rating of “Hold” and a consensus target price of $19.33.

Expro Group Trading Up 0.6%

Shares of XPRO opened at $16.47 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76. The firm has a 50 day simple moving average of $16.37 and a 200-day simple moving average of $15.88. Expro Group Holdings N.V. has a 1-year low of $8.20 and a 1-year high of $18.73. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 51.46 and a beta of 0.89.

Insider Buying and Selling

In other Expro Group news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total value of $93,383.52. Following the completion of the sale, the director directly owned 47,648 shares of the company’s stock, valued at approximately $721,390.72. The trade was a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company’s stock.

Expro Group Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.