10,597 Shares in C&J Energy Services, Inc. (CJ) Purchased by Legal & General Group Plc

Legal & General Group Plc bought a new stake in C&J Energy Services, Inc. (NYSE:CJ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,597 shares of the company’s stock, valued at approximately $358,000.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of C&J Energy Services in the 2nd quarter valued at $152,000. US Bancorp DE acquired a new stake in C&J Energy Services during the 2nd quarter valued at $168,000. Dupont Capital Management Corp acquired a new stake in C&J Energy Services during the 2nd quarter valued at $343,000. Russell Investments Group Ltd. grew its holdings in C&J Energy Services by 155.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 37,588 shares of the company’s stock valued at $1,288,000 after purchasing an additional 22,847 shares in the last quarter. Finally, Parkwood LLC grew its holdings in C&J Energy Services by 114.5% during the 2nd quarter. Parkwood LLC now owns 37,905 shares of the company’s stock valued at $1,299,000 after purchasing an additional 20,233 shares in the last quarter.

CJ has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price target (down from $44.00) on shares of C&J Energy Services in a report on Wednesday, June 21st. Zacks Investment Research lowered shares of C&J Energy Services from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Jefferies Group LLC initiated coverage on shares of C&J Energy Services in a report on Thursday, July 13th. They set a “buy” rating and a $43.00 price target for the company. Citigroup Inc. reaffirmed a “buy” rating and set a $36.00 price target (down from $39.00) on shares of C&J Energy Services in a report on Friday, August 11th. Finally, Guggenheim initiated coverage on shares of C&J Energy Services in a report on Thursday, September 7th. They set a “buy” rating and a $37.00 price target for the company. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.27.

C&J Energy Services, Inc. (NYSE CJ) opened at 28.73 on Monday. C&J Energy Services, Inc. has a one year low of $24.30 and a one year high of $46.30. The firm’s 50-day moving average is $27.82 and its 200 day moving average is $30.89. The firm has a market capitalization of $1.82 billion and a price-to-earnings ratio of 88.67.

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In related news, major shareholder Alternative Asset Manage Solus sold 175,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $29.23, for a total transaction of $5,115,250.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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.

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

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