Mutual of America Capital Management LLC raised its position in Nabors Industries Ltd. (NYSE:NBR) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 572,916 shares of the oil and gas company’s stock after purchasing an additional 29,580 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Nabors Industries were worth $3,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. HAP Trading LLC increased its stake in shares of Nabors Industries by 479.2% in the third quarter. HAP Trading LLC now owns 44,361 shares of the oil and gas company’s stock valued at $358,000 after purchasing an additional 56,061 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Nabors Industries during the third quarter valued at approximately $353,000. Trexquant Investment LP acquired a new position in shares of Nabors Industries during the third quarter valued at approximately $588,000. Commonwealth Bank of Australia increased its stake in shares of Nabors Industries by 26.6% during the third quarter. Commonwealth Bank of Australia now owns 116,761 shares of the oil and gas company’s stock valued at $939,000 after acquiring an additional 24,500 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Nabors Industries by 278.9% during the third quarter. Prudential Financial Inc. now owns 3,960,689 shares of the oil and gas company’s stock valued at $31,963,000 after acquiring an additional 2,915,370 shares during the period. Institutional investors own 87.40% of the company’s stock.

Shares of Nabors Industries Ltd. (NYSE:NBR) opened at $7.31 on Thursday. Nabors Industries Ltd. has a 1-year low of $5.32 and a 1-year high of $16.11. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.41 and a quick ratio of 1.27.

A number of research analysts recently commented on NBR shares. Zacks Investment Research lowered shares of Nabors Industries from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Cowen set a $9.00 price objective on shares of Nabors Industries and gave the company a “buy” rating in a research note on Thursday, January 11th. Credit Suisse Group set a $8.00 price objective on shares of Nabors Industries and gave the company a “buy” rating in a research note on Thursday, October 26th. Royal Bank of Canada set a $8.00 price objective on shares of Nabors Industries and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, BMO Capital Markets set a $6.00 price objective on shares of Nabors Industries and gave the company a “hold” rating in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. Nabors Industries currently has a consensus rating of “Hold” and an average price target of $10.89.

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Nabors Industries Profile

Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Company is a provider of offshore platform drilling rigs in the United States and multiple international markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.

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Institutional Ownership by Quarter for Nabors Industries (NYSE:NBR)

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