Texas Permanent School Fund reduced its holdings in Superior Energy Services, Inc. (NYSE:SPN) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 103,479 shares of the oil and gas company’s stock after selling 8,095 shares during the period. Texas Permanent School Fund’s holdings in Superior Energy Services were worth $997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPN. Bank of New York Mellon Corp increased its position in Superior Energy Services by 43.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,731,504 shares of the oil and gas company’s stock valued at $50,530,000 after acquiring an additional 1,437,552 shares during the period. State Street Corp increased its position in shares of Superior Energy Services by 29.5% during the second quarter. State Street Corp now owns 5,866,537 shares of the oil and gas company’s stock worth $61,185,000 after buying an additional 1,335,740 shares during the period. Prudential Financial Inc. increased its position in shares of Superior Energy Services by 1,192.4% during the third quarter. Prudential Financial Inc. now owns 1,326,733 shares of the oil and gas company’s stock worth $14,170,000 after buying an additional 1,224,080 shares during the period. Northern Trust Corp increased its position in shares of Superior Energy Services by 72.4% during the second quarter. Northern Trust Corp now owns 2,376,131 shares of the oil and gas company’s stock worth $24,783,000 after buying an additional 997,956 shares during the period. Finally, Formula Growth Ltd. acquired a new stake in shares of Superior Energy Services during the third quarter worth $7,209,000.

Several research firms have recently weighed in on SPN. Howard Weil cut shares of Superior Energy Services from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 12th. Zacks Investment Research upgraded shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, January 2nd. Susquehanna Bancshares upgraded shares of Superior Energy Services from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $9.00 to $15.00 in a research report on Friday, January 5th. SunTrust Banks upgraded shares of Superior Energy Services from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, November 20th. Finally, Barclays set a $10.00 price objective on shares of Superior Energy Services and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.58.

Superior Energy Services, Inc. (NYSE:SPN) opened at $8.86 on Thursday. The stock has a market cap of $1,320.00, a price-to-earnings ratio of -3.60 and a beta of 2.05. Superior Energy Services, Inc. has a 12 month low of $7.66 and a 12 month high of $18.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99.

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About Superior Energy Services

Superior Energy Services, Inc provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The Company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities; Onshore Completion and Workover Services, which provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a range of well completion and maintenance services; Production Services, which provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.

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

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