Meyer Handelman Co. purchased a new stake in shares of Nabors Industries Ltd. (NYSE:NBR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 44,800 shares of the oil and gas company’s stock, valued at approximately $305,000.

A number of other large investors have also bought and sold shares of the business. Oppenheimer & Co. Inc. raised its holdings in Nabors Industries by 59.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,905 shares of the oil and gas company’s stock valued at $122,000 after acquiring an additional 6,708 shares during the period. Swiss National Bank raised its holdings in Nabors Industries by 13.4% during the fourth quarter. Swiss National Bank now owns 542,055 shares of the oil and gas company’s stock valued at $3,702,000 after acquiring an additional 63,900 shares during the period. California Public Employees Retirement System raised its holdings in Nabors Industries by 15.7% during the fourth quarter. California Public Employees Retirement System now owns 1,385,968 shares of the oil and gas company’s stock valued at $9,466,000 after acquiring an additional 187,668 shares during the period. Teacher Retirement System of Texas raised its holdings in Nabors Industries by 340.6% during the fourth quarter. Teacher Retirement System of Texas now owns 103,256 shares of the oil and gas company’s stock valued at $705,000 after acquiring an additional 79,821 shares during the period. Finally, ING Groep NV raised its holdings in Nabors Industries by 36.9% during the fourth quarter. ING Groep NV now owns 47,922 shares of the oil and gas company’s stock valued at $327,000 after acquiring an additional 12,919 shares during the period. 87.23% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on NBR. Seaport Global Securities restated a “buy” rating and set a $13.00 price objective on shares of Nabors Industries in a research report on Thursday, January 18th. JPMorgan Chase & Co. lowered Nabors Industries from an “overweight” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Wednesday, January 17th. Zacks Investment Research lowered Nabors Industries from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. ValuEngine lowered Nabors Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, Cowen set a $9.00 price objective on Nabors Industries and gave the company a “buy” rating in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $10.89.

Nabors Industries Ltd. (NYSE NBR) opened at $6.53 on Monday. Nabors Industries Ltd. has a 12-month low of $5.32 and a 12-month 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.

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Nabors Industries Company 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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