Charles Schwab Investment Management Inc. Sells 32,273 Shares of Nabors Industries Ltd. (NYSE:NBR)

Charles Schwab Investment Management Inc. trimmed its position in shares of Nabors Industries Ltd. (NYSE:NBR) by 22.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 112,641 shares of the oil and gas company’s stock after selling 32,273 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Nabors Industries were worth $6,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NBR. US Bancorp DE raised its position in shares of Nabors Industries by 234.9% in the fourth quarter. US Bancorp DE now owns 720 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 505 shares during the period. R Squared Ltd purchased a new stake in Nabors Industries during the 4th quarter worth about $70,000. Wellington Management Group LLP purchased a new position in Nabors Industries during the 3rd quarter valued at about $220,000. Atom Investors LP purchased a new stake in shares of Nabors Industries in the third quarter worth about $332,000. Finally, Intech Investment Management LLC raised its position in shares of Nabors Industries by 6.4% in the third quarter. Intech Investment Management LLC now owns 5,372 shares of the oil and gas company’s stock worth $346,000 after buying an additional 322 shares in the last quarter. 81.92% of the stock is owned by hedge funds and other institutional investors.

Nabors Industries Stock Down 0.6 %

Shares of NYSE NBR opened at $43.27 on Tuesday. The stock has a market capitalization of $415.53 million, a P/E ratio of -1.93 and a beta of 2.08. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.75 and a quick ratio of 1.52. Nabors Industries Ltd. has a one year low of $34.42 and a one year high of $105.96. The firm’s 50 day simple moving average is $50.35 and its two-hundred day simple moving average is $62.44.

Nabors Industries (NYSE:NBR) last issued its earnings results on Wednesday, February 12th. The oil and gas company reported ($6.67) EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, analysts expect that Nabors Industries Ltd. will post -6.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NBR. Barclays lowered their price target on Nabors Industries from $90.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Susquehanna decreased their price target on shares of Nabors Industries from $53.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.00.

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.