Sourcerock Group LLC Trims Stake in Expro Group Holdings (NYSE:XPRO)

Sourcerock Group LLC decreased its holdings in Expro Group Holdings (NYSE:XPRO - Free Report) by 48.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 805,492 shares of the company's stock after selling 755,934 shares during the period. Expro Group accounts for about 0.7% of Sourcerock Group LLC's portfolio, making the stock its 29th biggest holding. Sourcerock Group LLC owned approximately 0.69% of Expro Group worth $10,044,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE raised its position in Expro Group by 56.0% during the fourth quarter. US Bancorp DE now owns 4,171 shares of the company's stock valued at $52,000 after purchasing an additional 1,497 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Expro Group by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company's stock valued at $671,000 after purchasing an additional 1,989 shares during the period. R Squared Ltd purchased a new stake in Expro Group during the fourth quarter valued at approximately $27,000. Rhumbline Advisers raised its position in Expro Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 153,159 shares of the company's stock valued at $1,910,000 after purchasing an additional 2,477 shares during the period. Finally, KBC Group NV raised its position in Expro Group by 75.3% during the fourth quarter. KBC Group NV now owns 5,968 shares of the company's stock valued at $74,000 after purchasing an additional 2,563 shares during the period. Institutional investors own 92.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XPRO shares. Barclays decreased their price objective on Expro Group from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. The Goldman Sachs Group cut their target price on Expro Group from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th.

Expro Group Trading Up 1.2%

Shares of XPRO traded up $0.09 during mid-day trading on Thursday, reaching $7.86. 965,265 shares of the company's stock traded hands, compared to its average volume of 1,224,504. The stock has a market cap of $906.97 million, a P/E ratio of 56.15, a P/E/G ratio of 1.28 and a beta of 1.17. The stock's 50-day moving average is $8.73 and its two-hundred day moving average is $11.39. Expro Group Holdings has a 12 month low of $6.70 and a 12 month high of $24.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62.

Expro Group Company Profile

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.