Blue Trust Inc. Purchases 1,295 Shares of Precision Drilling Co. (NYSE:PDS)

Blue Trust Inc. increased its stake in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 64.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,298 shares of the oil and gas company’s stock after purchasing an additional 1,295 shares during the quarter. Blue Trust Inc.’s holdings in Precision Drilling were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE increased its stake in Precision Drilling by 56.6% during the 3rd quarter. US Bancorp DE now owns 603 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 218 shares in the last quarter. Signaturefd LLC grew its position in Precision Drilling by 19.9% during the third quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 276 shares during the period. Northwest & Ethical Investments L.P. boosted its position in Precision Drilling by 22.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 3,359 shares of the oil and gas company’s stock worth $207,000 after purchasing an additional 606 shares in the last quarter. Barclays PLC lifted its holdings in Precision Drilling by 1,579.0% during the third quarter. Barclays PLC now owns 3,358 shares of the oil and gas company’s stock valued at $207,000 after purchasing an additional 3,158 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Precision Drilling during the second quarter valued at approximately $210,000. Hedge funds and other institutional investors own 48.86% of the company’s stock.

Precision Drilling Price Performance

Precision Drilling stock opened at $58.25 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $61.41 and a 200-day simple moving average of $64.16. Precision Drilling Co. has a 52-week low of $54.49 and a 52-week high of $79.07. The firm has a market capitalization of $802.74 million, a price-to-earnings ratio of 4.92 and a beta of 1.91.

Precision Drilling Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.