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.

Newpark Resources (NYSE:NR) last released its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Newpark Resources had a net margin of 3.41% and a return on equity of 6.85%. The company had revenue of $247.70 million during the quarter, compared to the consensus estimate of $242.61 million. During the same period in the previous year, the firm earned $0.06 earnings per share. Newpark Resources’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, research analysts predict that Newpark Resources Inc will post 0.42 earnings per share for the current fiscal year.

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.

TRADEMARK VIOLATION NOTICE: This article was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.dailypolitical.com/2019/03/25/natixis-advisors-l-p-cuts-holdings-in-newpark-resources-inc-nr.html.

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.

Read More: What is the QQQ ETF?

Want to see what other hedge funds are holding NR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newpark Resources Inc (NYSE:NR).

Institutional Ownership by Quarter for Newpark Resources (NYSE:NR)

Receive News & Ratings for Newpark Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources and related companies with MarketBeat.com's FREE daily email newsletter.