C&J Energy Services Inc (CJ) Stake Lowered by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY trimmed its position in shares of C&J Energy Services Inc (NYSE:CJ) by 53.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,786 shares of the company’s stock after selling 18,177 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in C&J Energy Services were worth $528,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CJ. Bank of New York Mellon Corp raised its position in shares of C&J Energy Services by 5.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 208,451 shares of the company’s stock valued at $6,248,000 after purchasing an additional 11,040 shares during the period. SG Americas Securities LLC raised its position in shares of C&J Energy Services by 135.8% during the 3rd quarter. SG Americas Securities LLC now owns 10,443 shares of the company’s stock valued at $313,000 after purchasing an additional 6,014 shares during the period. Ameriprise Financial Inc. raised its position in shares of C&J Energy Services by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 522,270 shares of the company’s stock valued at $15,652,000 after purchasing an additional 2,780 shares during the period. American International Group Inc. raised its position in shares of C&J Energy Services by 8.1% during the 3rd quarter. American International Group Inc. now owns 31,119 shares of the company’s stock valued at $933,000 after purchasing an additional 2,327 shares during the period. Finally, Legal & General Group Plc raised its position in shares of C&J Energy Services by 77.0% during the 3rd quarter. Legal & General Group Plc now owns 18,760 shares of the company’s stock valued at $562,000 after purchasing an additional 8,163 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Several analysts have recently commented on the stock. Stephens assumed coverage on shares of C&J Energy Services in a research report on Tuesday, January 9th. They set an “overweight” rating and a $42.00 price objective on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $39.00 price target on shares of C&J Energy Services in a report on Tuesday, January 16th. Credit Suisse Group reiterated an “outperform” rating and issued a $32.00 price target (down from $40.00) on shares of C&J Energy Services in a report on Monday, February 26th. Guggenheim reiterated a “buy” rating and issued a $41.00 price target on shares of C&J Energy Services in a report on Tuesday, January 23rd. Finally, Jefferies Group reiterated a “buy” rating and issued a $36.00 price target on shares of C&J Energy Services in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. C&J Energy Services presently has a consensus rating of “Buy” and an average target price of $39.08.



Shares of NYSE CJ opened at $28.40 on Friday. The firm has a market capitalization of $1,866.37 and a price-to-earnings ratio of -202.86. C&J Energy Services Inc has a 52-week low of $22.99 and a 52-week high of $36.78.

C&J Energy Services (NYSE:CJ) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $491.75 million during the quarter, compared to the consensus estimate of $477.37 million. equities research analysts predict that C&J Energy Services Inc will post 3.16 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This piece was reported by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://dakotafinancialnews.com/2018/04/13/cj-energy-services-inc-cj-stake-lowered-by-metropolitan-life-insurance-co-ny.html.

C&J Energy Services Profile

C&J Energy Services, Inc is a completion and production services company, which provides well construction, well completions and well services to the oil and gas industry. The Company operates through three segments: Completion Services, Well Support Services and Other Services. The Company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.

Want to see what other hedge funds are holding CJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C&J Energy Services Inc (NYSE:CJ).

Institutional Ownership by Quarter for C&J Energy Services (NYSE:CJ)

Receive News & Ratings for C&J Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C&J Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply