Aperio Group LLC Has $1.94 Million Position in Nabors Industries Ltd. (NBR)
Aperio Group LLC increased its stake in Nabors Industries Ltd. (NYSE:NBR) by 89.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,130 shares of the oil and gas company’s stock after purchasing an additional 113,141 shares during the quarter. Aperio Group LLC owned approximately 0.08% of Nabors Industries worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of NBR. Sirios Capital Management L P increased its stake in Nabors Industries by 246.1% in the 2nd quarter. Sirios Capital Management L P now owns 4,034,937 shares of the oil and gas company’s stock worth $32,844,000 after purchasing an additional 2,869,187 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Nabors Industries by 16.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,440,910 shares of the oil and gas company’s stock worth $133,828,000 after purchasing an additional 2,315,688 shares in the last quarter. FMR LLC increased its stake in Nabors Industries by 33.3% in the 2nd quarter. FMR LLC now owns 8,485,080 shares of the oil and gas company’s stock worth $69,068,000 after purchasing an additional 2,118,198 shares in the last quarter. Ardevora Asset Management LLP increased its stake in Nabors Industries by 64.5% in the 2nd quarter. Ardevora Asset Management LLP now owns 3,276,700 shares of the oil and gas company’s stock worth $26,672,000 after purchasing an additional 1,284,800 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in Nabors Industries during the 2nd quarter valued at about $10,277,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.
NBR has been the topic of several research analyst reports. Zacks Investment Research raised Nabors Industries from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Deutsche Bank AG initiated coverage on Nabors Industries in a research note on Tuesday, October 10th. They set a “hold” rating and a $9.00 target price on the stock. ValuEngine cut Nabors Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Guggenheim raised Nabors Industries from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Tuesday, August 15th. Finally, Societe Generale initiated coverage on Nabors Industries in a research note on Thursday, August 31st. They set a “hold” rating and a $7.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. Nabors Industries presently has a consensus rating of “Buy” and an average target price of $11.52.
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Shares of Nabors Industries Ltd. (NYSE:NBR) opened at $5.71 on Wednesday. Nabors Industries Ltd. has a 1-year low of $5.32 and a 1-year high of $18.40. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.41 and a quick ratio of 1.27.
Nabors Industries (NYSE:NBR) last posted its earnings results on Tuesday, October 24th. The oil and gas company reported ($0.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.09). Nabors Industries had a negative return on equity of 14.74% and a negative net margin of 31.99%. The company had revenue of $662.50 million during the quarter, compared to analyst estimates of $674.03 million. During the same quarter last year, the firm posted ($0.55) earnings per share. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. analysts anticipate that Nabors Industries Ltd. will post -1.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.20%. Nabors Industries’s dividend payout ratio (DPR) is presently -8.96%.
Nabors Industries Profile
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.
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