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

Charles Schwab Investment Management Inc. lowered its position in Nabors Industries Ltd. (NYSE:NBR - Free Report) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,641 shares of the oil and gas company's stock after selling 32,273 shares during the period. Charles Schwab Investment Management Inc. owned 1.05% of Nabors Industries worth $6,440,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NBR. US Bancorp DE raised its position in shares of Nabors Industries by 234.9% during the fourth quarter. US Bancorp DE now owns 720 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 505 shares during the period. R Squared Ltd acquired a new position in Nabors Industries during the fourth quarter worth $70,000. Wellington Management Group LLP bought a new position in shares of Nabors Industries in the third quarter valued at $220,000. Atom Investors LP bought a new position in shares of Nabors Industries in the third quarter valued at $332,000. Finally, Intech Investment Management LLC grew its holdings in shares of Nabors Industries by 6.4% during the third quarter. Intech Investment Management LLC now owns 5,372 shares of the oil and gas company's stock valued at $346,000 after buying an additional 322 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NBR. Morgan Stanley lowered their target price on shares of Nabors Industries from $115.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday. Barclays lowered their price objective on Nabors Industries from $90.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Finally, Susquehanna cut their target price on Nabors Industries from $53.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $73.33.

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Nabors Industries Stock Performance

Shares of NYSE NBR traded down $1.35 during midday trading on Friday, reaching $41.70. The company's stock had a trading volume of 233,184 shares, compared to its average volume of 324,328. The stock has a market capitalization of $400.45 million, a P/E ratio of -1.86 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. The firm has a 50 day moving average price of $48.97 and a 200-day moving average price of $62.02. Nabors Industries Ltd. has a 12-month low of $34.42 and a 12-month high of $105.96.

Nabors Industries (NYSE:NBR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported ($6.67) earnings per share for the quarter, missing the consensus estimate 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, equities analysts predict that Nabors Industries Ltd. will post -6.22 earnings per share for the current year.

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.