Grantham Mayo Van Otterloo & Co. LLC Purchases 53,400 Shares of Precision Drilling Co. (NYSE:PDS)

Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Precision Drilling Co. (NYSE:PDS - Free Report) TSE: PD by 190.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,500 shares of the oil and gas company's stock after acquiring an additional 53,400 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.59% of Precision Drilling worth $4,982,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its position in shares of Precision Drilling by 30.1% during the fourth quarter. Signaturefd LLC now owns 2,159 shares of the oil and gas company's stock worth $132,000 after purchasing an additional 499 shares during the period. Quantbot Technologies LP increased its stake in Precision Drilling by 1,741.8% during the 4th quarter. Quantbot Technologies LP now owns 2,247 shares of the oil and gas company's stock worth $137,000 after purchasing an additional 2,125 shares in the last quarter. Blue Trust Inc. raised its holdings in Precision Drilling by 64.7% during the 4th quarter. Blue Trust Inc. now owns 3,298 shares of the oil and gas company's stock worth $203,000 after buying an additional 1,295 shares during the period. Barclays PLC lifted its stake in Precision Drilling by 1,579.0% in the third 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 in the last quarter. Finally, Guardian Partners Inc. acquired a new position in shares of Precision Drilling in the fourth quarter valued at approximately $217,000. Institutional investors and hedge funds own 48.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Raymond James cut shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating in a research report on Wednesday. TD Securities lowered Precision Drilling from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, StockNews.com downgraded Precision Drilling from a "buy" rating to a "hold" rating in a report on Monday, March 24th.

Precision Drilling Stock Up 3.9 %

PDS traded up $1.58 during trading hours on Friday, hitting $42.48. 167,754 shares of the company's stock were exchanged, compared to its average volume of 82,469. The stock has a market cap of $575.52 million, a price-to-earnings ratio of 7.90 and a beta of 1.53. Precision Drilling Co. has a 1-year low of $36.20 and a 1-year high of $79.07. The stock's 50-day moving average is $48.03 and its two-hundred day moving average is $56.97. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.48.

Precision Drilling (NYSE:PDS - Get Free Report) TSE: PD last posted its quarterly earnings data on Wednesday, February 12th. The oil and gas company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.40 by ($0.64). Precision Drilling had a return on equity of 6.72% and a net margin of 5.87%. Sell-side analysts predict that Precision Drilling Co. will post 7.1 earnings per share for the current fiscal year.

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.