Marshall Wace LLP Invests $1.04 Million in Nabors Industries Ltd. (NYSE:NBR)

Marshall Wace LLP acquired a new position in Nabors Industries Ltd. (NYSE:NBR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,221 shares of the oil and gas company's stock, valued at approximately $1,042,000. Marshall Wace LLP owned 0.17% of Nabors Industries as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NBR. Barclays PLC grew its position in shares of Nabors Industries by 60.8% during the third quarter. Barclays PLC now owns 112,318 shares of the oil and gas company's stock worth $7,241,000 after purchasing an additional 42,483 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Nabors Industries by 1.5% during the third quarter. Geode Capital Management LLC now owns 206,041 shares of the oil and gas company's stock worth $13,286,000 after purchasing an additional 3,054 shares in the last quarter. Inspire Investing LLC grew its position in shares of Nabors Industries by 8.8% during the fourth quarter. Inspire Investing LLC now owns 6,942 shares of the oil and gas company's stock worth $397,000 after purchasing an additional 563 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Nabors Industries during the fourth quarter worth about $70,000. Finally, Entropy Technologies LP grew its position in shares of Nabors Industries by 65.5% during the fourth quarter. Entropy Technologies LP now owns 15,394 shares of the oil and gas company's stock worth $880,000 after purchasing an additional 6,095 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company's stock.

Nabors Industries Trading Down 2.3 %

Shares of NBR opened at $28.71 on Wednesday. The company's fifty day moving average is $36.51 and its 200 day moving average is $55.39. Nabors Industries Ltd. has a fifty-two week low of $25.11 and a fifty-two week high of $105.96. The stock has a market capitalization of $275.73 million, a PE ratio of -1.28 and a beta of 1.49. The company has a debt-to-equity ratio of 5.95, a quick ratio of 1.52 and a current ratio of 1.75.

Nabors Industries (NYSE:NBR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported ($6.67) EPS for the quarter, missing the consensus estimate of ($1.86) by ($4.81). Nabors Industries had a negative return on equity of 32.96% and a negative net margin of 5.93%. Sell-side analysts expect that Nabors Industries Ltd. will post -6.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays cut their target price on Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Morgan Stanley lowered their target price on Nabors Industries from $115.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Susquehanna cut their target price on shares of Nabors Industries from $45.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $71.17.

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.

Want to see what other hedge funds are holding NBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nabors Industries Ltd. (NYSE:NBR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.