Fine Capital Partners L.P. Has $13.22 Million Holdings in Key Energy Services, Inc. (NYSE:KEG)

Fine Capital Partners L.P. grew its stake in Key Energy Services, Inc. (NYSE:KEG) by 59.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,004,038 shares of the oil and gas company’s stock after acquiring an additional 374,492 shares during the period. Key Energy Services accounts for about 1.4% of Fine Capital Partners L.P.’s investment portfolio, making the stock its 17th biggest position. Fine Capital Partners L.P. owned approximately 4.99% of Key Energy Services worth $13,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in shares of Key Energy Services by 123,110.9% during the third quarter. Wells Fargo & Company MN now owns 67,766 shares of the oil and gas company’s stock worth $892,000 after buying an additional 67,711 shares during the last quarter. Akanthos Capital Management LLC bought a new stake in shares of Key Energy Services during the third quarter worth approximately $1,317,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Key Energy Services during the third quarter worth approximately $464,000. Bank of New York Mellon Corp grew its holdings in Key Energy Services by 17.3% during the third quarter. Bank of New York Mellon Corp now owns 39,914 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 5,874 shares during the period. Finally, Boston Partners acquired a new position in Key Energy Services during the third quarter valued at approximately $2,242,000. 49.21% of the stock is owned by institutional investors.

In related news, Director Scott D. Vogel acquired 25,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of $9.00 per share, with a total value of $225,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.96% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Key Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Johnson Rice assumed coverage on shares of Key Energy Services in a report on Thursday, September 21st. They issued an “accumulate” rating for the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 price target on shares of Key Energy Services in a report on Tuesday, September 19th. Finally, Evercore ISI assumed coverage on shares of Key Energy Services in a report on Tuesday, September 5th. They issued an “in-line” rating for the company. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.17.

Key Energy Services, Inc. (NYSE:KEG) traded down $0.05 during midday trading on Friday, reaching $10.46. 250,388 shares of the company’s stock traded hands, compared to its average volume of 123,869. Key Energy Services, Inc. has a 1 year low of $8.20 and a 1 year high of $38.00.

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Key Energy Services Company Profile

Key Energy Services, Inc is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International.

Institutional Ownership by Quarter for Key Energy Services (NYSE:KEG)

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