Precision Drilling Co. (NYSE:PDS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,867 shares of the oil and gas company’s stock after buying an additional 424 shares during the quarter. Geode Capital Management LLC’s holdings in Precision Drilling were worth $425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in shares of Precision Drilling during the second quarter worth $210,000. Point72 Asset Management L.P. boosted its position in shares of Precision Drilling by 31.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 57,949 shares of the oil and gas company’s stock worth $4,073,000 after acquiring an additional 13,749 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Precision Drilling by 1.4% in the 3rd quarter. National Bank of Canada FI now owns 726,284 shares of the oil and gas company’s stock valued at $44,740,000 after acquiring an additional 10,318 shares during the last quarter. Signaturefd LLC raised its position in shares of Precision Drilling by 19.9% during the 3rd quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 276 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its stake in Precision Drilling by 111.1% during the third quarter. Polar Asset Management Partners Inc. now owns 68,600 shares of the oil and gas company’s stock worth $4,226,000 after purchasing an additional 36,100 shares during the last quarter. Hedge funds and other institutional investors own 48.86% of the company’s stock.

Precision Drilling Stock Performance

Shares of PDS opened at $64.76 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. Precision Drilling Co. has a 52-week low of $52.61 and a 52-week high of $79.07. The stock has a 50 day moving average price of $61.78 and a 200 day moving average price of $65.22. The company has a market capitalization of $892.39 million, a price-to-earnings ratio of 5.47 and a beta of 1.93.

About Precision Drilling

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.