Geode Capital Management LLC Has $326,000 Stock Position in Nabors Energy Transition Corp. II (NASDAQ:NETD)

Geode Capital Management LLC boosted its position in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,176 shares of the company’s stock after purchasing an additional 2,194 shares during the period. Geode Capital Management LLC owned 0.08% of Nabors Energy Transition Corp. II worth $326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NETD. Wolverine Asset Management LLC increased its position in shares of Nabors Energy Transition Corp. II by 2.5% during the fourth quarter. Wolverine Asset Management LLC now owns 634,474 shares of the company’s stock valued at $6,852,000 after purchasing an additional 15,438 shares during the period. Decagon Asset Management LLP bought a new stake in shares of Nabors Energy Transition Corp. II in the 4th quarter valued at about $5,184,000. Finally, Mizuho Securities USA LLC acquired a new stake in shares of Nabors Energy Transition Corp. II during the fourth quarter worth about $2,954,000. Institutional investors and hedge funds own 75.52% of the company’s stock.

Nabors Energy Transition Corp. II Stock Performance

NASDAQ:NETD opened at $11.03 on Friday. Nabors Energy Transition Corp. II has a 52-week low of $10.50 and a 52-week high of $11.10. The stock has a 50-day simple moving average of $10.97 and a 200 day simple moving average of $10.85. The company has a market cap of $420.52 million, a PE ratio of 36.77 and a beta of -0.02.

Nabors Energy Transition Corp. II (NASDAQ:NETD) last issued its quarterly earnings data on Tuesday, April 1st. The company reported $0.01 earnings per share for the quarter.

Nabors Energy Transition Corp. II Company Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.