Mutual of America Capital Management LLC lowered its position in Superior Energy Services, Inc. (NYSE:SPN) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,721 shares of the oil and gas company’s stock after selling 255 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of Superior Energy Services worth $1,249,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Washington Trust Bank increased its position in Superior Energy Services by 10.1% during the 2nd quarter. Washington Trust Bank now owns 10,800 shares of the oil and gas company’s stock worth $113,000 after purchasing an additional 990 shares in the last quarter. US Bancorp DE increased its position in Superior Energy Services by 57.7% during the 1st quarter. US Bancorp DE now owns 11,130 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 4,072 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in Superior Energy Services during the 2nd quarter worth about $118,000. Endurance Wealth Management Inc. increased its position in Superior Energy Services by 4.9% during the 2nd quarter. Endurance Wealth Management Inc. now owns 11,565 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 539 shares in the last quarter. Finally, World Asset Management Inc increased its position in Superior Energy Services by 2.0% during the 1st quarter. World Asset Management Inc now owns 11,631 shares of the oil and gas company’s stock worth $166,000 after purchasing an additional 226 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/10/09/superior-energy-services-inc-spn-shares-sold-by-mutual-of-america-capital-management-llc.html.

SPN has been the subject of a number of recent research reports. Cowen and Company set a $14.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a research report on Friday. Piper Jaffray Companies set a $15.00 price objective on Superior Energy Services and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Morgan Stanley cut Superior Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada set a $20.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a research report on Saturday, June 24th. Finally, Barclays PLC set a $12.00 price objective on Superior Energy Services and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. Superior Energy Services presently has a consensus rating of “Hold” and a consensus price target of $16.11.

Shares of Superior Energy Services, Inc. (NYSE:SPN) opened at 10.02 on Monday. Superior Energy Services, Inc. has a 12-month low of $7.91 and a 12-month high of $19.39. The stock’s market cap is $1.53 billion. The firm has a 50-day moving average price of $9.57 and a 200 day moving average price of $10.92.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.07. The firm had revenue of $470.07 million for the quarter, compared to analyst estimates of $465.75 million. Superior Energy Services had a negative return on equity of 28.82% and a negative net margin of 31.24%. Superior Energy Services’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($3.09) earnings per share. Equities research analysts predict that Superior Energy Services, Inc. will post ($1.58) EPS for the current fiscal year.

About Superior Energy Services

Want to see what other hedge funds are holding SPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Energy Services, Inc. (NYSE:SPN).

Institutional Ownership by Quarter for Superior Energy Services (NYSE:SPN)

Receive News & Stock Ratings for Superior Energy Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Energy Services Inc. and related stocks with our FREE daily email newsletter.