Dupont Capital Management Corp raised its stake in Basic Energy Services, Inc. (NYSE:BAS) by 92.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,850 shares of the oil and gas company’s stock after buying an additional 30,739 shares during the period. Dupont Capital Management Corp owned about 0.25% of Basic Energy Services worth $1,590,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in shares of Basic Energy Services during the first quarter valued at $28,891,000. Vanguard Group Inc. acquired a new position in shares of Basic Energy Services during the first quarter valued at $20,818,000. Southpoint Capital Advisors LP acquired a new position in shares of Basic Energy Services during the first quarter valued at $18,348,000. Jennison Associates LLC acquired a new position in shares of Basic Energy Services during the first quarter valued at $14,423,000. Finally, Citadel Advisors LLC increased its position in shares of Basic Energy Services by 230.1% in the first quarter. Citadel Advisors LLC now owns 551,233 shares of the oil and gas company’s stock valued at $18,389,000 after buying an additional 384,228 shares during the period. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Shares of Basic Energy Services, Inc. (NYSE BAS) opened at 15.52 on Monday. The stock’s market cap is $382.79 million. Basic Energy Services, Inc. has a 1-year low of $14.75 and a 1-year high of $44.81. The firm’s 50-day moving average price is $23.05 and its 200 day moving average price is $29.52.

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BAS has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on Basic Energy Services in a research note on Friday, July 21st. They set a “neutral” rating on the stock. BidaskClub upgraded Basic Energy Services from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Seaport Global Securities downgraded Basic Energy Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. Piper Jaffray Companies restated a “neutral” rating and set a $26.50 target price (down from $33.00) on shares of Basic Energy Services in a research note on Wednesday, July 12th. Finally, Zacks Investment Research upgraded Basic Energy Services from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.63.

In other news, Director Timothy H. Day acquired 15,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were bought at an average price of $18.69 per share, with a total value of $280,350.00. Following the completion of the acquisition, the director now owns 20,200 shares in the company, valued at approximately $377,538. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Brett J. Taylor sold 7,857 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.07, for a total value of $141,975.99. The disclosure for this sale can be found here. Company insiders own 11.10% of the company’s stock.

About Basic Energy Services

Basic Energy Services, Inc provides a range of well site services in the United States to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling. The Company operates through the segment, which include Completion and Remedial Services, Fluid Services, Well Servicing and Contract Drilling.

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Institutional Ownership by Quarter for Basic Energy Services (NYSE:BAS)

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