XTX Topco Ltd Has $196,000 Stock Position in Newpark Resources, Inc. (NYSE:NR)

XTX Topco Ltd boosted its holdings in Newpark Resources, Inc. (NYSE:NR) by 75.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,602 shares of the oil and gas company’s stock after buying an additional 10,156 shares during the period. XTX Topco Ltd’s holdings in Newpark Resources were worth $196,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Newpark Resources by 2.5% during the second quarter. Renaissance Technologies LLC now owns 653,000 shares of the oil and gas company’s stock valued at $5,426,000 after buying an additional 15,859 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Newpark Resources by 125.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,813 shares of the oil and gas company’s stock valued at $223,000 after acquiring an additional 14,931 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Newpark Resources by 19.9% in the 2nd quarter. American Century Companies Inc. now owns 1,891,740 shares of the oil and gas company’s stock worth $15,720,000 after acquiring an additional 313,451 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Newpark Resources during the 2nd quarter worth approximately $91,000. Finally, ClariVest Asset Management LLC increased its position in shares of Newpark Resources by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 166,141 shares of the oil and gas company’s stock valued at $1,381,000 after purchasing an additional 4,645 shares during the period. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NR shares. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a research report on Thursday, September 19th. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Newpark Resources Stock Performance

Newpark Resources stock opened at $6.92 on Monday. The firm has a market capitalization of $589.60 million, a P/E ratio of 38.44 and a beta of 2.87. The stock has a fifty day moving average price of $7.68 and a two-hundred day moving average price of $7.67. Newpark Resources, Inc. has a 52-week low of $5.61 and a 52-week high of $8.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.61 and a quick ratio of 1.61.

Newpark Resources (NYSE:NR) last announced its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. The firm had revenue of $179.01 million during the quarter, compared to the consensus estimate of $171.04 million. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. During the same period last year, the firm posted $0.08 EPS. As a group, analysts anticipate that Newpark Resources, Inc. will post 0.36 EPS for the current fiscal year.

Newpark Resources Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.