SG Americas Securities LLC Has $137,000 Stock Holdings in Nabors Industries Ltd. (NYSE:NBR)

SG Americas Securities LLC decreased its stake in Nabors Industries Ltd. (NYSE:NBR) by 40.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,392 shares of the oil and gas company’s stock after selling 1,625 shares during the quarter. SG Americas Securities LLC’s holdings in Nabors Industries were worth $137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in shares of Nabors Industries in the third quarter valued at approximately $45,000. Signaturefd LLC lifted its position in Nabors Industries by 52.9% during the 3rd quarter. Signaturefd LLC now owns 1,364 shares of the oil and gas company’s stock worth $88,000 after buying an additional 472 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Nabors Industries during the third quarter worth approximately $220,000. The Manufacturers Life Insurance Company grew its stake in shares of Nabors Industries by 5.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,567 shares of the oil and gas company’s stock valued at $254,000 after purchasing an additional 181 shares during the last quarter. Finally, Atom Investors LP acquired a new position in Nabors Industries during the 3rd quarter worth $332,000. 81.92% of the stock is owned by institutional investors.

Nabors Industries Trading Up 5.0 %

Shares of NYSE:NBR opened at $54.67 on Tuesday. The company has a market capitalization of $585.52 million, a P/E ratio of -2.97 and a beta of 2.02. The business’s 50 day simple moving average is $61.07 and its 200 day simple moving average is $70.72. Nabors Industries Ltd. has a 1 year low of $50.15 and a 1 year high of $105.96. The company has a debt-to-equity ratio of 5.43, a current ratio of 1.88 and a quick ratio of 1.63.

Wall Street Analyst Weigh In

Several analysts have commented on NBR shares. Citigroup upped their target price on shares of Nabors Industries from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Evercore ISI reduced their target price on shares of Nabors Industries from $94.00 to $85.00 and set an “in-line” rating for the company in a research note on Thursday, October 24th. Barclays cut their target price on Nabors Industries from $110.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. Susquehanna lowered their price objective on shares of Nabors Industries from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $102.00 price target on shares of Nabors Industries in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $97.00.

Nabors Industries Company Profile

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.