The fund owned 12,796 shares of the oil and gas company's stock after buying an additional 3 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Nabors Industries by 1.9% in the fourth quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in Nabors Industries during the fourth quarter worth $5,991,000. Venturi Wealth Management LLC now owns 12,260 shares of the oil and gas company's stock worth $154,000 after buying an additional 320 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Nabors Industries by 2.7% in the first quarter. The firm owned 290,300 shares of the oil and gas company's stock at the end of the first quarter. Morgan Stanley increased its position in Nabors Industries by 0.6% in the first quarter. Over the last three months, the shares of the company have changed -0.62% and performed -9.89% over the last six months. The stock showed weekly upbeat performance of 206.61%, which was maintained for the month at 13.33%. The Monthly and Yearly performances are -1.93 percent and -18.53 percent respectively. (NBR) traded down 9.98% during trading on Wednesday, reaching $7.76. The firm's market capitalization is $2.46 billion. The share price has moved backward from its 20 days moving average -7.54% and negatively from its 50 days moving average -10.39%. Previously Nabors Industries (NYSE:NBR) reported $-0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.36 by $-0.13 with surprise factor of -36.1%. NBR generated revenue of $596.7 Million in the same quarter, one year ago. During the same quarter in the previous year, the firm posted ($0.29) earnings per share. Analysts forecast that Nabors Industries will post ($1.33) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 14th will be issued a $0.06 dividend. The ex-dividend date is Monday, June 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.09%. Nabors Industries Ltd. had 70 analyst reports since August 6, 2015 according to SRatingsIntel.
Nabors Industries (NYSE:NBR) last released its quarterly earnings results on Wednesday, April 26th.
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A number of equities analysts have commented on NBR shares. ValuEngine lowered shares of Nabors Industries from a hold rating to a sell rating in a research report on Saturday, May 27th. Evercore ISI reissued an "outperform" rating and set a $18.00 price objective on shares of Nabors Industries in a research report on Tuesday, June 20th. Instinet upgraded shares of Nabors Industries from a neutral rating to a buy rating and upped their target price for the stock from $15.00 to $17.00 in a research report on Wednesday, April 5th. Narrowing in, the stock is at a distance of -14.18% from the 50 day high and 14.71% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Gold Fields Limited (NYSE:GFI).
In other news, CFO William J. Restrepo purchased 22,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was bought at an average cost of $8.25 per share, with a total value of $181,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The average volume of a stock suggests the liquidity of a particular company.
Nabors Industries Ltd. owns and operates a land-based drilling rig fleet. The Firm is a well-known provider of offshore platform drilling rigs in the United States and multiple worldwide markets. The Company conducts its Drilling & Rig Services business through four segments: U.S. Drilling, Canada Drilling, International Drilling and Rig Services.