Natixis Advisors L.P. Cuts Holdings in Newpark Resources Inc (NR)
Natixis Advisors L.P. lowered its holdings in shares of Newpark Resources Inc (NYSE:NR) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,076 shares of the oil and gas company’s stock after selling 50,252 shares during the period. Natixis Advisors L.P.’s holdings in Newpark Resources were worth $1,346,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Advisor Group Inc. grew its holdings in Newpark Resources by 233.0% in the fourth quarter. Advisor Group Inc. now owns 4,182 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 2,926 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in Newpark Resources in the fourth quarter valued at approximately $35,000. Trexquant Investment LP purchased a new stake in Newpark Resources in the third quarter valued at approximately $154,000. Ibex Investors LLC purchased a new stake in Newpark Resources during the third quarter worth approximately $212,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Newpark Resources by 187.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 38,556 shares of the oil and gas company’s stock worth $265,000 after buying an additional 25,129 shares during the period. 98.65% of the stock is owned by institutional investors and hedge funds.
NR opened at $8.52 on Monday. The company has a quick ratio of 2.30, a current ratio of 3.69 and a debt-to-equity ratio of 0.28. Newpark Resources Inc has a 52-week low of $6.39 and a 52-week high of $11.65. The company has a market cap of $769.14 million, a price-to-earnings ratio of 20.78 and a beta of 1.69.
NR has been the subject of several research reports. ValuEngine downgraded shares of Newpark Resources from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. Zacks Investment Research downgraded shares of Newpark Resources from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Finally, TheStreet upgraded shares of Newpark Resources from a “c” rating to a “b” rating in a research note on Friday, February 8th.
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About Newpark Resources
Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.
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