Hsbc Holdings PLC Has $404,000 Holdings in Nabors Industries Ltd. (NYSE:NBR)

Hsbc Holdings PLC grew its holdings in Nabors Industries Ltd. (NYSE:NBR – Get Rating) by 35.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,987 shares of the oil and gas company’s stock after buying an additional 1,040 shares during the quarter. Hsbc Holdings PLC’s holdings in Nabors Industries were worth $404,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NBR. Tower Research Capital LLC TRC lifted its position in Nabors Industries by 89.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 565 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 267 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of Nabors Industries in the third quarter valued at $147,000. Captrust Financial Advisors grew its stake in shares of Nabors Industries by 31.8% in the first quarter. Captrust Financial Advisors now owns 1,028 shares of the oil and gas company’s stock valued at $157,000 after buying an additional 248 shares in the last quarter. Amundi bought a new position in Nabors Industries during the second quarter worth $165,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Nabors Industries by 7.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,720 shares of the oil and gas company’s stock worth $174,000 after buying an additional 120 shares in the last quarter. Institutional investors own 71.98% of the company’s stock.

Wall Street Analyst Weigh In

NBR has been the subject of a number of research reports. Citigroup dropped their target price on shares of Nabors Industries from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, February 22nd. Benchmark initiated coverage on Nabors Industries in a report on Thursday, January 19th. They issued a “hold” rating on the stock. Royal Bank of Canada raised their price objective on Nabors Industries from $193.00 to $215.00 and gave the company a “sector perform” rating in a research note on Thursday, February 9th. Morgan Stanley raised their target price on Nabors Industries from $140.00 to $175.00 and gave the company an “underweight” rating in a research report on Wednesday, January 4th. Finally, Barclays lifted their price objective on Nabors Industries from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, February 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $199.86.

Nabors Industries Stock Performance

NYSE:NBR opened at $152.20 on Wednesday. The stock has a market capitalization of $1.44 billion, a P/E ratio of -3.66 and a beta of 2.78. The stock has a 50-day moving average price of $163.36 and a 200 day moving average price of $148.75. The company has a current ratio of 1.68, a quick ratio of 1.46 and a debt-to-equity ratio of 4.73. Nabors Industries Ltd. has a 12-month low of $92.66 and a 12-month high of $207.67.

Nabors Industries Company Profile

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Nabors Industries Ltd. engages in the provision of platform work over and drilling rigs. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It operates through the following business segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies.