Schwab Charles Investment Management Inc Increased Superior Energy Svcs Inc (NYSE:SPN) Stake by $12.30 Million

August 12, 2018 - By Jason Dias

Superior Energy Services, Inc. (NYSE:SPN) LogoInvestors sentiment increased to 1.09 in 2018 Q1. Its up 0.10, from 0.99 in 2017Q4. It improved, as 23 investors sold SPN shares while 79 reduced holdings. 36 funds opened positions while 75 raised stakes. 155.42 million shares or 2.87% more from 151.09 million shares in 2017Q4 were reported. Deutsche National Bank & Trust Ag holds 352,665 shares. Natixis holds 0% or 10,359 shares. Quantbot Tech Lp reported 221,245 shares stake. Vertex One Asset has 0.02% invested in Superior Energy Services, Inc. (NYSE:SPN) for 14,000 shares. Profund Advsr Lc reported 0.01% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN). Amalgamated Comml Bank owns 21,621 shares or 0% of their US portfolio. Summit Financial Wealth Advisors Lc holds 0.06% in Superior Energy Services, Inc. (NYSE:SPN) or 10,000 shares. Advisory Ntwk Limited Liability Com invested in 167 shares or 0% of the stock. Mitchell Grp holds 3% or 1.84 million shares. Putnam Invests Llc reported 0% stake. The New York-based Art Advsrs Llc has invested 0.09% in Superior Energy Services, Inc. (NYSE:SPN). Metropolitan Life Insur holds 0% or 91,642 shares. 402,692 were accumulated by Amer Group Incorporated. Teacher Retirement Of Texas invested in 33,878 shares. Ny State Common Retirement Fund invested 0% in Superior Energy Services, Inc. (NYSE:SPN).

Since April 26, 2018, it had 1 buying transaction, and 0 insider sales for $326,700 activity.

Schwab Charles Investment Management Inc increased its stake in Superior Energy Svcs Inc (NYSE:SPN) by 128.53% based on its latest 2018Q2 regulatory filing with the SEC. Schwab Charles Investment Management Inc bought 1.37M shares as the company’s stock rose 20.49% while stock markets declined. The institutional investor held 2.43M shares of the energy company at the end of 2018Q2, valued at $23.67M, up from 1.06M at the end of the previous reported quarter. Schwab Charles Investment Management Inc who had been investing in Superior Energy Svcs Inc for a number of months, seems to be bullish on the $1.50B market cap company. The stock increased 2.76% or $0.26 during the last trading session, reaching $9.68. About 1.19 million shares traded. Superior Energy Services, Inc. (NYSE:SPN) has risen 4.37% since August 13, 2017 and is uptrending. It has underperformed by 8.20% the S&P500.

Schwab Charles Investment Management Inc, which manages about $137.28 billion US Long portfolio, decreased its stake in T Mobile Us Inc (NYSE:TMUS) by 266,406 shares to 766,673 shares, valued at $45.81 million in 2018Q2, according to the filing. It also reduced its holding in Baxter Intl Inc (NYSE:BAX) by 450,488 shares in the quarter, leaving it with 1.86 million shares, and cut its stake in Pg&E Corp (NYSE:PCG).

Schwab Charles Investment Management Inc is a California-based institutional investor with more than $248.00 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Schwab Charles Investment Management Inc is the 13th largest institutional investor in our database. Taken from Schwab Charles Investment Management latest Adv, the fund reported to have 200 full and part-time employees. Among which 69 performing investment advisory and research functions. The institutional investor had more than 1400 clients.

Superior Energy Services, Inc. (NYSE:SPN) Ratings Coverage

Among 12 analysts covering Superior Energy Services (NYSE:SPN), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. Superior Energy Services had 16 analyst reports since February 13, 2018 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, April 4 with “Hold”. The firm earned “Neutral” rating on Wednesday, February 21 by JP Morgan. The rating was maintained by Citigroup on Tuesday, February 13 with “Neutral”. The firm has “Outperform” rating by Credit Suisse given on Thursday, July 26. The firm has “Buy” rating given on Friday, April 13 by Cowen & Co. Cowen & Co maintained Superior Energy Services, Inc. (NYSE:SPN) on Thursday, April 26 with “Buy” rating. On Friday, February 16 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was downgraded by Morgan Stanley to “Underweight” on Thursday, July 12. As per Monday, April 30, the company rating was maintained by Citigroup. Seaport Global upgraded Superior Energy Services, Inc. (NYSE:SPN) on Wednesday, February 21 to “Buy” rating.

Superior Energy Services, Inc. provides specialized oilfield services and equipment to natural gas and crude oil exploration and production companies in the United States, the Gulf of Mexico, and internationally. The company has market cap of $1.50 billion. It operates through four divisions: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions. It currently has negative earnings. The Drilling Products and Services segment rents tubulars, including primary drill pipe strings, tubing landing strings, completion tubulars, and associated accessories; and makes and rents bottom hole tools, such as stabilizers, non-magnetic drill collars, and hole openers, as well as rents temporary onshore and offshore accommodation modules and accessories.

Superior Energy Services, Inc. (NYSE:SPN) Institutional Positions Chart

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