The Top Three Holders Of Nabors Industries Ltd. (NBR)

Nabors Industries Ltd. (NYSE:NBR) reached 20.86% versus a 1-year low price of $5.32. The stock was last seen -8.01% lower, reaching at $6.43 on 06/15/2018. At recent session, the prices were hovering between $6.35 and $6.95. This company shares are 44.63% off its target price of $9.3 and the current market capitalization stands at $2.27B. The recent change has given its price a -15.38% deficit over SMA 50 and -27.47% deficit over its 52-week high. The stock witnessed -23.36% declines, -8.14% declines and 10.67% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NBR’s volatility during a week at 4.47% and during a month it has been found around 4.25%.

Nabors Industries Ltd. (NBR) Top Holders

Institutional investors currently hold around $1.99 billion or 89.3% in NBR stock. Look at its top three institutional owners. Blackrock Inc. owns $179.31 million in Nabors Industries Ltd., which represents roughly 7.9% of the company’s market cap and approximately 9.03% of the institutional ownership. Similar statistics are true for the second largest owner, Dimensional Fund Advisors Lp, which owns 26,742,876 shares of the stock are valued at $171.96 million. The third largest holder is Vanguard Group Inc, which currently holds $170.31 million worth of this stock and that ownership represents nearly 7.5% of its market capitalization.

Nabors Industries Ltd. 13F Filings

At the end of March reporting period, 134 institutional holders increased their position in Nabors Industries Ltd. (NYSE:NBR) by some 59,666,437 shares, 159 decreased positions by 28,367,455 and 61 held positions by 220,904,835. That puts total institutional holdings at 308,938,727 shares, according to SEC filings. The stock grabbed 37 new institutional investments totaling 15,754,085 shares while 59 institutional investors sold out their entire positions totaling 11,196,969 shares.

Nabors Industries Ltd. (NYSE:NBR) Insider Trades

Multiple company employees have indulged in significant insider trading. Nabors Industries Ltd. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Restrepo William J has acquired 22,000 shares of Nabors Industries Ltd. (NBR) in trading session dated May. 30, 2017. These shares are worth $181,500 and were traded at $8.25 each. The SEC filing shows that Restrepo William J performed a purchase of 22,000 shares. The CFO added these shares by way of transaction on May. 04, 2017. The company’s shares were assimilated at $9.43 per share worth to an investment of some $207,460 on account of Restrepo William J.

Director, Wolf Howard, purchased 15,000 common shares of Nabors Industries Ltd. (NBR) in the open market. In a transaction dated Apr. 28, 2016, the shares were bought at an average price of $9.78, giving away a sum of $146,700. After this purchase, 90,000 common shares of NBR are directly owned by the insider, with total stake valued at $578,700.

In the transaction dated Jul. 26, 2013, the great number of shares acquired came courtesy the Director; Kotts John P added a total of 120,000 shares at an average price of $14.95, amounting to approximately $1,794,000. The insider now directly owns 147,000 shares worth $945,210.

Nabors Industries Ltd. (NBR) Analyst Guide

Several analysts have released their opinion on Nabors Industries Ltd. (NYSE:NBR), with 9 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.94 average brokerage recommendation.