Blue Trust Inc. Purchases 1,295 Shares of Precision Drilling Co. (NYSE:PDS)

Blue Trust Inc. grew its stake in Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 64.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,298 shares of the oil and gas company’s stock after acquiring an additional 1,295 shares during the quarter. Blue Trust Inc.’s holdings in Precision Drilling were worth $203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Precision Drilling by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 12,020 shares of the oil and gas company’s stock worth $844,000 after acquiring an additional 150 shares during the period. US Bancorp DE lifted its position in shares of Precision Drilling by 56.6% in the third quarter. US Bancorp DE now owns 603 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 218 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Precision Drilling by 19.9% in the third quarter. Signaturefd LLC now owns 1,660 shares of the oil and gas company’s stock worth $102,000 after buying an additional 276 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Precision Drilling by 6.6% during the third quarter. Geode Capital Management LLC now owns 6,867 shares of the oil and gas company’s stock valued at $425,000 after purchasing an additional 424 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in shares of Precision Drilling by 22.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 3,359 shares of the oil and gas company’s stock worth $207,000 after acquiring an additional 606 shares in the last quarter. 48.86% of the stock is currently owned by institutional investors.

Precision Drilling Stock Up 4.8 %

Shares of NYSE:PDS opened at $58.25 on Wednesday. The company has a market cap of $802.74 million, a price-to-earnings ratio of 4.92 and a beta of 1.91. The company has a 50-day moving average price of $61.41 and a 200 day moving average price of $64.16. Precision Drilling Co. has a 12 month low of $54.49 and a 12 month high of $79.07. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.47.

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.