JPMorgan Chase & Co. Has $923,000 Holdings in Precision Drilling Co. (NYSE:PDS)

JPMorgan Chase & Co. cut its stake in Precision Drilling Co. (NYSE:PDS) (TSE:PD) by 18.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,969 shares of the oil and gas company’s stock after selling 3,319 shares during the period. JPMorgan Chase & Co. owned about 0.11% of Precision Drilling worth $923,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Precision Drilling by 6.6% in 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 buying an additional 424 shares during the period. Franklin Resources Inc. lifted its position in Precision Drilling by 21.9% during the 3rd quarter. Franklin Resources Inc. now owns 63,114 shares of the oil and gas company’s stock worth $3,961,000 after buying an additional 11,331 shares in the last quarter. Squarepoint Ops LLC bought a new position in Precision Drilling in the second quarter valued at approximately $210,000. Point72 Asset Management L.P. raised its position in Precision Drilling by 31.1% during the second 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. Finally, National Bank of Canada FI increased its position in Precision Drilling by 1.4% during the third quarter. National Bank of Canada FI now owns 726,284 shares of the oil and gas company’s stock worth $44,740,000 after buying an additional 10,318 shares during the last quarter. Institutional investors own 48.86% of the company’s stock.

Precision Drilling Trading Down 0.7 %

Shares of Precision Drilling stock opened at $63.24 on Friday. Precision Drilling Co. has a 52-week low of $55.33 and a 52-week high of $79.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.41 and a current ratio of 1.54. The firm has a 50-day moving average of $62.11 and a 200-day moving average of $64.92. The stock has a market cap of $871.49 million, a PE ratio of 5.35 and a beta of 1.93.

Precision Drilling 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.