Epoch Investment Partners Inc. boosted its holdings in shares of Newpark Resources Inc (NYSE:NR) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,876,339 shares of the oil and gas company’s stock after buying an additional 12,953 shares during the quarter. Epoch Investment Partners Inc. owned approximately 2.19% of Newpark Resources worth $18,764,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in NR. Daruma Capital Management LLC grew its position in Newpark Resources by 221.1% during the second quarter. Daruma Capital Management LLC now owns 5,830,179 shares of the oil and gas company’s stock valued at $42,852,000 after buying an additional 4,014,692 shares during the period. Bank of New York Mellon Corp grew its position in Newpark Resources by 27.3% during the second quarter. Bank of New York Mellon Corp now owns 3,330,770 shares of the oil and gas company’s stock valued at $24,481,000 after buying an additional 715,250 shares during the period. William Blair Investment Management LLC bought a new stake in Newpark Resources during the second quarter valued at approximately $5,013,000. Vanguard Group Inc. grew its position in Newpark Resources by 5.3% during the second quarter. Vanguard Group Inc. now owns 7,791,303 shares of the oil and gas company’s stock valued at $57,266,000 after buying an additional 393,328 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Newpark Resources by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 7,467,396 shares of the oil and gas company’s stock valued at $54,886,000 after buying an additional 347,306 shares during the period.
Newpark Resources Inc (NR) traded up $0.10 during mid-day trading on Friday, hitting $8.60. 513,453 shares of the stock traded hands, compared to its average volume of 333,751. Newpark Resources Inc has a 1 year low of $6.40 and a 1 year high of $10.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 1.96. The stock has a market capitalization of $729.61, a P/E ratio of 215.05 and a beta of 1.58.
In related news, Director G Stephen Finley sold 7,300 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $9.08, for a total value of $66,284.00. Following the sale, the director now owns 180,358 shares in the company, valued at $1,637,650.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David C. Anderson sold 17,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $8.91, for a total transaction of $151,470.00. Following the completion of the sale, the director now owns 170,841 shares in the company, valued at approximately $1,522,193.31. The disclosure for this sale can be found here. Insiders sold 40,423 shares of company stock worth $360,346 in the last three months. Insiders own 4.90% of the company’s stock.
Several brokerages recently issued reports on NR. Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, October 24th. SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Cowen set a $9.00 price target on shares of Newpark Resources and gave the company a “hold” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Newpark Resources currently has a consensus rating of “Hold” and an average target price of $10.25.
Newpark Resources Company Profile
Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.
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