HRT Financial LLC purchased a new position in shares of Nabors Industries Ltd. (NYSE:NBR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 31,737 shares of the oil and gas company’s stock, valued at approximately $216,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in shares of Nabors Industries by 59.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,905 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 6,708 shares during the period. SG Americas Securities LLC raised its position in Nabors Industries by 2.9% in the 3rd quarter. SG Americas Securities LLC now owns 307,590 shares of the oil and gas company’s stock valued at $2,482,000 after buying an additional 8,597 shares during the last quarter. Magnetar Financial LLC raised its position in Nabors Industries by 12.7% in the 3rd quarter. Magnetar Financial LLC now owns 106,588 shares of the oil and gas company’s stock valued at $860,000 after buying an additional 12,003 shares during the last quarter. Brave Asset Management Inc. raised its position in Nabors Industries by 98.8% in the 4th quarter. Brave Asset Management Inc. now owns 24,850 shares of the oil and gas company’s stock valued at $170,000 after buying an additional 12,350 shares during the last quarter. Finally, ING Groep NV raised its position in Nabors Industries by 36.9% in the 4th quarter. ING Groep NV now owns 47,922 shares of the oil and gas company’s stock valued at $327,000 after buying an additional 12,919 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.
Nabors Industries Ltd. (NYSE NBR) opened at $6.93 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.41 and a quick ratio of 1.27. The firm has a market capitalization of $2,188.67, a P/E ratio of -2.57 and a beta of 1.59. Nabors Industries Ltd. has a one year low of $5.32 and a one year high of $15.25.
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Nabors Industries Company 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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