Weatherford International PLC (WFT) Shares Bought by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC grew its stake in Weatherford International PLC (NYSE:WFT) by 59.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,938,200 shares of the oil and gas company’s stock after buying an additional 4,082,000 shares during the period. Hotchkis & Wiley Capital Management LLC owned 1.11% of Weatherford International PLC worth $42,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Weatherford International PLC by 13.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,982 shares of the oil and gas company’s stock worth $106,000 after buying an additional 1,899 shares during the last quarter. Laurion Capital Management LP purchased a new position in shares of Weatherford International PLC in the first quarter worth $109,000. Two Sigma Securities LLC raised its holdings in shares of Weatherford International PLC by 14.5% in the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock worth $117,000 after buying an additional 2,238 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Weatherford International PLC by 1.5% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock worth $128,000 after buying an additional 500 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new position in shares of Weatherford International PLC in the first quarter worth $129,000.

Shares of Weatherford International PLC (NYSE:WFT) remained flat at $4.42 during mid-day trading on Friday. 18,093,572 shares of the stock traded hands. The firm’s market capitalization is $4.37 billion. Weatherford International PLC has a 52 week low of $3.39 and a 52 week high of $7.09. The firm has a 50-day moving average of $4.09 and a 200 day moving average of $4.90.

Weatherford International PLC (NYSE:WFT) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.28). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.46 billion. Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.28) EPS. Equities research analysts anticipate that Weatherford International PLC will post ($1.03) EPS for the current fiscal year.

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WFT has been the subject of a number of research analyst reports. BMO Capital Markets raised their price target on shares of Weatherford International PLC from $4.75 to $5.50 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Scotiabank set a $6.00 price target on shares of Weatherford International PLC and gave the stock a “hold” rating in a report on Friday, July 7th. Zacks Investment Research raised shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $7.00 price target (down previously from $8.00) on shares of Weatherford International PLC in a report on Tuesday, May 30th. Finally, BidaskClub raised shares of Weatherford International PLC from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Weatherford International PLC presently has a consensus rating of “Buy” and an average target price of $6.39.

About Weatherford International PLC

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.

Institutional Ownership by Quarter for Weatherford International PLC (NYSE:WFT)

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