Geode Capital Management LLC Raises Stake in Precision Drilling Co. (NYSE:PDS)

Geode Capital Management LLC grew its holdings in Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 6.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,867 shares of the oil and gas company’s stock after acquiring an additional 424 shares during the quarter. Geode Capital Management LLC’s holdings in Precision Drilling were worth $425,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PDS. US Bancorp DE lifted its position 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 worth $37,000 after acquiring an additional 218 shares during the period. Signaturefd LLC increased its holdings in shares of Precision Drilling by 19.9% in the third quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 276 shares during the period. Blue Trust Inc. lifted its holdings in shares of Precision Drilling by 283.7% during the third quarter. Blue Trust Inc. now owns 2,003 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 1,481 shares during the period. Squarepoint Ops LLC purchased a new position in Precision Drilling in the 2nd quarter valued at $210,000. Finally, Barclays PLC increased its stake in Precision Drilling by 1,579.0% in the 3rd quarter. Barclays PLC now owns 3,358 shares of the oil and gas company’s stock valued at $207,000 after buying an additional 3,158 shares during the period. 48.86% of the stock is owned by hedge funds and other institutional investors.

Precision Drilling Stock Up 1.0 %

PDS stock opened at $64.76 on Monday. The stock has a market capitalization of $892.39 million, a PE ratio of 5.47 and a beta of 1.93. The company has a fifty day moving average of $61.78 and a 200-day moving average of $65.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.41 and a current ratio of 1.54. Precision Drilling Co. has a one year low of $52.61 and a one year high of $79.07.

Precision Drilling Company 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.