Oslo Asset Management Asa Cut Newpark Resources (NR) Holding by $2.45 Million; Valuation Declined; Us Bancorp Del (USB) Holder Buckhead Capital Management Cut Position as Stock Price Declined

April 17, 2018 - By Henry Gaston

U.S. Bancorp (NYSE:USB) Logo

Oslo Asset Management Asa decreased its stake in Newpark Resources Inc (NR) by 9.77% based on its latest 2017Q4 regulatory filing with the SEC. Oslo Asset Management Asa sold 306,805 shares as the company’s stock declined 5.78% with the market. The institutional investor held 2.83M shares of the energy company at the end of 2017Q4, valued at $24.36 million, down from 3.14M at the end of the previous reported quarter. Oslo Asset Management Asa who had been investing in Newpark Resources Inc for a number of months, seems to be less bullish one the $861.90M market cap company. It closed at $9.65 lastly. It is down 8.67% since April 17, 2017 and is uptrending. It has underperformed by 2.88% the S&P500.

Buckhead Capital Management Llc decreased its stake in Us Bancorp Del (USB) by 8.69% based on its latest 2017Q4 regulatory filing with the SEC. Buckhead Capital Management Llc sold 10,970 shares as the company’s stock declined 8.45% with the market. The hedge fund held 115,225 shares of the major banks company at the end of 2017Q4, valued at $6.17M, down from 126,195 at the end of the previous reported quarter. Buckhead Capital Management Llc who had been investing in Us Bancorp Del for a number of months, seems to be less bullish one the $84.89B market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $51.42. About 2.92 million shares traded. U.S. Bancorp (NYSE:USB) has declined 4.48% since April 17, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on April, 18 before the open. They expect $0.94 EPS, up 14.63% or $0.12 from last year’s $0.82 per share. USB’s profit will be $1.55B for 13.68 P/E if the $0.94 EPS becomes a reality. After $0.88 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 6.82% EPS growth.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.07, from 0.89 in 2017Q3. It improved, as 38 investors sold USB shares while 462 reduced holdings. 118 funds opened positions while 361 raised stakes. 1.18 billion shares or 1.20% less from 1.20 billion shares in 2017Q3 were reported. Fincl Bank Of The Ozarks stated it has 1.7% of its portfolio in U.S. Bancorp (NYSE:USB). Beese Fulmer Mngmt Incorporated stated it has 0.06% in U.S. Bancorp (NYSE:USB). State Of New Jersey Common Pension Fund D stated it has 965,671 shares. Finemark National Bank And has 0.15% invested in U.S. Bancorp (NYSE:USB). 4.82 million were accumulated by Sumitomo Mitsui Holdg. Johnson Fincl Group has 0.38% invested in U.S. Bancorp (NYSE:USB) for 57,682 shares. Cambridge Advsrs Incorporated invested in 8,151 shares or 0.16% of the stock. 7,473 were reported by Peak Asset Mgmt Limited Liability. 106,118 were accumulated by Gofen Glossberg Llc Il. Ci Global Invs owns 67,156 shares. Ahl Prtn Llp stated it has 54,600 shares. 185,960 are held by First Allied Advisory Services. Kanawha Cap Mgmt Limited Com reported 1.05% of its portfolio in U.S. Bancorp (NYSE:USB). Field & Main Bank stated it has 1,027 shares. Scotia Capital has invested 0.02% in U.S. Bancorp (NYSE:USB).

Since February 20, 2018, it had 0 insider buys, and 5 selling transactions for $9.81 million activity. Shares for $1.35 million were sold by GODRIDGE LESLIE V on Friday, February 23. Parker P.W. also sold $5.51 million worth of U.S. Bancorp (NYSE:USB) on Tuesday, February 20. $1.10M worth of U.S. Bancorp (NYSE:USB) shares were sold by Kelligrew James B. 20,000 shares valued at $1.10 million were sold by Elmore John R. on Friday, February 23.

Among 33 analysts covering U.S. Bancorp (NYSE:USB), 10 have Buy rating, 4 Sell and 19 Hold. Therefore 30% are positive. U.S. Bancorp had 89 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, June 22 by RBC Capital Markets. The rating was maintained by Keefe Bruyette & Woods on Friday, August 11 with “Hold”. The firm earned “Buy” rating on Tuesday, March 22 by Societe Generale. The stock of U.S. Bancorp (NYSE:USB) has “Outperform” rating given on Tuesday, January 19 by RBC Capital Markets. The firm has “Buy” rating by RBC Capital Markets given on Thursday, September 7. The firm has “Hold” rating given on Friday, October 13 by Keefe Bruyette & Woods. Nomura downgraded the shares of USB in report on Thursday, September 28 to “Hold” rating. The stock of U.S. Bancorp (NYSE:USB) has “Hold” rating given on Tuesday, September 5 by Robert W. Baird. The rating was maintained by Barclays Capital on Tuesday, January 3 with “Overweight”. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with “Hold”.

Buckhead Capital Management Llc, which manages about $1.27 billion and $468.63M US Long portfolio, upped its stake in Pepsico Inc (NYSE:PEP) by 3,761 shares to 34,466 shares, valued at $4.13M in 2017Q4, according to the filing. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 6,150 shares in the quarter, for a total of 98,356 shares, and has risen its stake in Gamestop Corp New (NYSE:GME).

Analysts await Newpark Resources, Inc. (NYSE:NR) to report earnings on April, 26 after the close. They expect $0.07 EPS, up 800.00% or $0.08 from last year’s $-0.01 per share. NR’s profit will be $6.25M for 34.46 P/E if the $0.07 EPS becomes a reality. After $0.06 actual EPS reported by Newpark Resources, Inc. for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

Investors sentiment increased to 1.08 in Q4 2017. Its up 0.11, from 0.97 in 2017Q3. It increased, as 18 investors sold NR shares while 53 reduced holdings. 26 funds opened positions while 51 raised stakes. 86.52 million shares or 1.58% less from 87.91 million shares in 2017Q3 were reported. Public Employees Retirement Association Of Colorado invested 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Assetmark Incorporated reported 25 shares. Heartland Advsr invested 0.45% in Newpark Resources, Inc. (NYSE:NR). Salem Counselors Inc, North Carolina-based fund reported 1 shares. Foundry Prtnrs Llc invested in 0.14% or 387,135 shares. Zacks Investment Management holds 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR) for 13,435 shares. Cornercap Counsel has invested 0.11% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Federated Pa invested 0% in Newpark Resources, Inc. (NYSE:NR). Pinebridge Invests Limited Partnership has invested 0.03% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Oslo Asset As holds 8.94% of its portfolio in Newpark Resources, Inc. (NYSE:NR) for 2.83M shares. 207 were accumulated by Howe And Rusling. Stifel Corp owns 10,898 shares for 0% of their portfolio. D E Shaw reported 0% stake. Comerica Savings Bank invested in 88,249 shares or 0.01% of the stock. Bridgeway Capital Mngmt invested 0.01% in Newpark Resources, Inc. (NYSE:NR).

Among 7 analysts covering Newpark Resources (NYSE:NR), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Newpark Resources had 14 analyst reports since September 4, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, July 7 by Cowen & Co. The firm earned “Outperform” rating on Wednesday, June 1 by Credit Suisse. As per Friday, September 4, the company rating was maintained by Credit Suisse. The stock of Newpark Resources, Inc. (NYSE:NR) earned “Buy” rating by Loop Capital on Thursday, January 5. The rating was upgraded by Tudor Pickering to “Buy” on Monday, May 2. The rating was downgraded by Cowen & Co on Thursday, January 19 to “Market Perform”. Credit Suisse reinitiated the shares of NR in report on Monday, July 18 with “Outperform” rating. On Thursday, November 2 the stock rating was upgraded by SunTrust to “Buy”. Johnson Rice upgraded the stock to “Buy” rating in Monday, March 5 report. The company was upgraded on Wednesday, June 15 by Capital One.

Since February 21, 2018, it had 0 buys, and 1 sale for $370,731 activity.

Newpark Resources, Inc. (NYSE:NR) Institutional Positions Chart

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