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As Novartis Ag Sponsored Adr (NVS) Stock Price Declined, Park National Decreased Holding; As Newpark Resources (NR) Market Valuation Declined, Holder Oslo Asset Management Asa Cut Its Holding

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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 2.83 million shares of the energy company at the end of 2017Q4, valued at $24.36M, 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 $969.02 million market cap company. The stock increased 1.40% or $0.15 during the last trading session, reaching $10.85. About 241,574 shares traded. Newpark Resources, Inc. (NYSE:NR) has risen 8.67% since May 21, 2017 and is uptrending. It has underperformed by 2.88% the S&P500.

Park National Corp decreased its stake in Novartis Ag Sponsored Adr (NVS) by 1.24% based on its latest 2017Q4 regulatory filing with the SEC. Park National Corp sold 3,796 shares as the company’s stock declined 4.22% with the market. The institutional investor held 301,185 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $25.29M, down from 304,981 at the end of the previous reported quarter. Park National Corp who had been investing in Novartis Ag Sponsored Adr for a number of months, seems to be less bullish one the $178.96B market cap company. The stock decreased 0.38% or $0.29 during the last trading session, reaching $76.77. About 968,131 shares traded. Novartis AG (NYSE:NVS) has risen 5.79% since May 21, 2017 and is uptrending. It has underperformed by 5.76% the S&P500.

Since February 21, 2018, it had 0 insider purchases, and 8 insider sales for $4.64 million activity. Smith Bruce Campbell sold $370,731 worth of stock. Howes Paul L had sold 47,495 shares worth $494,166. Another trade for 51,490 shares valued at $540,908 was sold by Piontek Gregg. Shares for $198,959 were sold by LANIGAN MATTHEW on Wednesday, May 2. 20,000 shares were sold by Anderson David C, worth $205,280 on Thursday, May 3.

Investors sentiment increased to 1.08 in 2017 Q4. Its up 0.11, from 0.97 in 2017Q3. It is positive, 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. Oslo Asset Management As holds 8.94% or 2.83 million shares. Metropolitan Life Insurance Ny reported 29,781 shares. Pacific Ridge Capital Limited Co has 123,980 shares. Millennium Mngmt Lc owns 2.67 million shares for 0.03% of their portfolio. 115,333 are held by Prescott Grp Inc Mgmt. Peoples Fincl Corporation holds 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR) for 100 shares. The California-based Wells Fargo & Mn has invested 0% in Newpark Resources, Inc. (NYSE:NR). 4.09 million are owned by National Bank Of Mellon Corp. Geode Capital Mngmt has 0% invested in Newpark Resources, Inc. (NYSE:NR) for 731,841 shares. State Street Corporation holds 0% or 2.48M shares. Macquarie Grp reported 7,396 shares. Monarch Prtnrs Asset Mgmt Limited Company accumulated 58,060 shares. Schwab Charles Inv Mngmt invested in 0.01% or 879,003 shares. Amalgamated Bankshares owns 12,073 shares for 0% of their portfolio. Credit Suisse Ag holds 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR) for 132,380 shares.

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. Cowen & Co maintained the shares of NR in report on Tuesday, February 16 with “Outperform” rating. The stock of Newpark Resources, Inc. (NYSE:NR) has “Outperform” rating given on Monday, July 18 by Credit Suisse. The firm has “Outperform” rating by Credit Suisse given on Wednesday, June 1. The firm has “Market Perform” rating given on Thursday, January 19 by Cowen & Co. The company was upgraded on Thursday, November 2 by SunTrust. The firm has “Hold” rating by Cowen & Co given on Friday, July 7. The firm has “Hold” rating given on Friday, October 6 by Cowen & Co. The firm has “Buy” rating by Johnson Rice given on Monday, March 5. The firm has “Buy” rating given on Thursday, January 5 by Loop Capital. The rating was upgraded by Capital One to “Overweight” on Wednesday, June 15.

More important recent Newpark Resources, Inc. (NYSE:NR) news were published by: Streetinsider.com which released: “Form 8-K NEWPARK RESOURCES INC For: May 17” on May 21, 2018, also Streetinsider.com published article titled: “Newpark Resources (NR) Names Anthony J. Best as Chairman”, Globenewswire.com published: “Recent Analysis Shows Liberty Broadband, Primerica, Adtalem Global Education, Newpark Resources, Varian Medical …” on May 15, 2018. More interesting news about Newpark Resources, Inc. (NYSE:NR) was released by: Seekingalpha.com and their article: “Newpark Resources’ (NR) CEO Paul Howes on Q1 2018 Results – Earnings Call Transcript” with publication date: April 27, 2018.

Analysts await Newpark Resources, Inc. (NYSE:NR) to report earnings on July, 26. They expect $0.09 earnings per share, up 350.00% or $0.07 from last year’s $0.02 per share. NR’s profit will be $8.04M for 30.14 P/E if the $0.09 EPS becomes a reality. After $0.08 actual earnings per share reported by Newpark Resources, Inc. for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Analysts await Novartis AG (NYSE:NVS) to report earnings on July, 17. They expect $1.31 earnings per share, up 8.26% or $0.10 from last year’s $1.21 per share. NVS’s profit will be $3.05 billion for 14.65 P/E if the $1.31 EPS becomes a reality. After $1.28 actual earnings per share reported by Novartis AG for the previous quarter, Wall Street now forecasts 2.34% EPS growth.

More notable recent Novartis AG (NYSE:NVS) news were published by: Seekingalpha.com which released: “Novartis Q1 2018: Recent Sell-Off Seems Overdone” on April 24, 2018, also Seekingalpha.com with their article: “Novartis: Buy Under $80” published on May 17, 2018, Seekingalpha.com published: “Should The FDA Be Shaming Drug Companies? Financial Advisors’ Daily Digest” on May 21, 2018. More interesting news about Novartis AG (NYSE:NVS) were released by: Seekingalpha.com and their article: “Senators press AT&T for detail on Cohen payments” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “Novartis In Liver Diseases NASH And PBC: A Look At The Bright Side” with publication date: May 17, 2018.

Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. Novartis Ag had 36 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, October 13 by Cowen & Co. The rating was maintained by Leerink Swann on Thursday, January 25 with “Market Perform”. The rating was downgraded by JP Morgan on Tuesday, January 3 to “Neutral”. Cowen & Co maintained the shares of NVS in report on Tuesday, July 18 with “Hold” rating. Cowen & Co maintained the stock with “Hold” rating in Wednesday, August 9 report. The firm earned “Market Perform” rating on Wednesday, April 5 by Cowen & Co. The rating was maintained by Cowen & Co with “Hold” on Monday, September 11. The stock of Novartis AG (NYSE:NVS) earned “Buy” rating by Chardan Capital Markets on Tuesday, September 20. Credit Suisse downgraded Novartis AG (NYSE:NVS) on Wednesday, July 5 to “Underperform” rating. The company was maintained on Monday, October 23 by Leerink Swann.

Park National Corp, which manages about $1.79 billion US Long portfolio, upped its stake in Bank Of America Corp (NYSE:BAC) by 17,801 shares to 914,623 shares, valued at $27.00 million in 2017Q4, according to the filing. It also increased its holding in Bank Of New York Mellon Corp (NYSE:BK) by 29,680 shares in the quarter, for a total of 300,734 shares, and has risen its stake in Bp Plc Sponsored Adr (NYSE:BP).

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

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