Nationwide Fund Advisors Buys Shares of 45,182 C&J Energy Services Inc (CJ)

Nationwide Fund Advisors acquired a new position in C&J Energy Services Inc (NYSE:CJ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,182 shares of the company’s stock, valued at approximately $1,548,000. Nationwide Fund Advisors owned approximately 0.07% of C&J Energy Services as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in C&J Energy Services in the 2nd quarter worth $152,000. US Bancorp DE purchased a new position in C&J Energy Services in the 2nd quarter worth $168,000. BNP Paribas Arbitrage SA purchased a new position in C&J Energy Services in the 2nd quarter worth $199,000. Dupont Capital Management Corp purchased a new position in C&J Energy Services in the 2nd quarter worth $343,000. Finally, Legal & General Group Plc purchased a new position in C&J Energy Services in the 2nd quarter worth $358,000.

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In other news, major shareholder Alternative Asset Manage Solus sold 25,000 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $28.80, for a total value of $720,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 229,809 shares of company stock valued at $6,724,452 over the last 90 days.

C&J Energy Services Inc (NYSE:CJ) opened at 27.27 on Friday. C&J Energy Services Inc has a 1-year low of $24.30 and a 1-year high of $36.78. The stock has a market capitalization of $1.73 billion and a price-to-earnings ratio of 84.17. The firm has a 50-day moving average of $28.66 and a 200-day moving average of $30.61.

A number of equities analysts recently issued reports on CJ shares. Zacks Investment Research lowered C&J Energy Services from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Jefferies Group LLC began coverage on C&J Energy Services in a research report on Thursday, July 13th. They set a “buy” rating and a $43.00 price target on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $39.00 price target on shares of C&J Energy Services in a research report on Tuesday, October 10th. Scotiabank reaffirmed a “hold” rating on shares of C&J Energy Services in a research report on Tuesday, October 10th. Finally, Guggenheim assumed coverage on C&J Energy Services in a research report on Thursday, September 7th. They set a “buy” rating and a $37.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. C&J Energy Services currently has an average rating of “Buy” and an average target price of $39.25.

About C&J Energy Services

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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