XTX Topco Ltd Has $568,000 Stock Position in Newpark Resources, Inc. (NYSE:NR)

XTX Topco Ltd lifted its position in shares of Newpark Resources, Inc. (NYSE:NR) by 247.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,943 shares of the oil and gas company’s stock after purchasing an additional 58,341 shares during the period. XTX Topco Ltd owned 0.09% of Newpark Resources worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Catalina Capital Group LLC lifted its position in Newpark Resources by 10.6% during the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 1,360 shares during the period. Captrust Financial Advisors raised its holdings in shares of Newpark Resources by 10.8% during the 3rd quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock worth $101,000 after buying an additional 1,430 shares in the last quarter. Ironwood Investment Management LLC grew its position in Newpark Resources by 1.0% in the second quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company’s stock valued at $1,209,000 after acquiring an additional 1,442 shares during the last quarter. NorthCrest Asset Manangement LLC raised its stake in Newpark Resources by 3.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 43,203 shares of the oil and gas company’s stock worth $299,000 after acquiring an additional 1,517 shares in the last quarter. Finally, First Bank & Trust lifted its holdings in shares of Newpark Resources by 10.0% in the third quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company’s stock worth $150,000 after acquiring an additional 1,965 shares during the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NR has been the subject of several research reports. HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of Newpark Resources in a research note on Monday, November 11th. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Newpark Resources presently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Newpark Resources Stock Down 2.6 %

Shares of NYSE NR opened at $7.74 on Friday. The company’s 50 day moving average price is $7.37 and its 200-day moving average price is $7.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29. Newpark Resources, Inc. has a 52-week low of $5.61 and a 52-week high of $8.65. The company has a market capitalization of $669.05 million, a P/E ratio of -4.23 and a beta of 2.92.

Newpark Resources Company 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.