Los Angeles Capital Management & Equity Research Inc. boosted its position in Nabors Industries Ltd. (NYSE:NBR) by 33.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,184,700 shares of the oil and gas company’s stock after acquiring an additional 295,635 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.41% of Nabors Industries worth $9,561,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of Nabors Industries by 26.4% during the first quarter. HighTower Advisors LLC now owns 14,873 shares of the oil and gas company’s stock worth $193,000 after buying an additional 3,109 shares during the last quarter. Capstone Asset Management Co. grew its stake in shares of Nabors Industries by 0.9% during the second quarter. Capstone Asset Management Co. now owns 23,571 shares of the oil and gas company’s stock worth $192,000 after buying an additional 220 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Nabors Industries by 4.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 104,612 shares of the oil and gas company’s stock worth $852,000 after buying an additional 4,419 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of Nabors Industries by 19.7% during the second quarter. LS Investment Advisors LLC now owns 22,907 shares of the oil and gas company’s stock worth $186,000 after buying an additional 3,777 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Nabors Industries by 50.9% during the second quarter. Nisa Investment Advisors LLC now owns 247,100 shares of the oil and gas company’s stock worth $2,034,000 after buying an additional 83,300 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

Nabors Industries Ltd. (NYSE NBR) opened at $5.79 on Friday. Nabors Industries Ltd. has a fifty-two week low of $5.32 and a fifty-two week high of $18.40. The company has a current ratio of 1.41, a quick ratio of 1.27 and a debt-to-equity ratio of 1.35.

Nabors Industries (NYSE:NBR) last announced its quarterly earnings data on Tuesday, October 24th. The oil and gas company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.09). Nabors Industries had a negative net margin of 31.99% and a negative return on equity of 14.74%. The company had revenue of $662.50 million for the quarter, compared to analyst estimates of $674.03 million. During the same quarter in the prior year, the company posted ($0.55) EPS. Nabors Industries’s revenue for the quarter was up 27.4% on a year-over-year basis. sell-side analysts forecast that Nabors Industries Ltd. will post -1.61 earnings per share for the current year.

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.15%. Nabors Industries’s dividend payout ratio is currently -8.96%.

NBR has been the topic of a number of research reports. ValuEngine cut shares of Nabors Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Cowen and Company decreased their target price on shares of Nabors Industries from $13.00 to $10.50 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Morgan Stanley decreased their target price on shares of Nabors Industries from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. Citigroup Inc. set a $10.00 target price on shares of Nabors Industries and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Guggenheim raised shares of 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.27.

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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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Institutional Ownership by Quarter for Nabors Industries (NYSE:NBR)

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