Weatherford International PLC (WFT) Shares Bought by Sippican Capital Advisors

Sippican Capital Advisors lifted its stake in Weatherford International PLC (NYSE:WFT) by 10.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,785 shares of the oil and gas company’s stock after purchasing an additional 30,069 shares during the quarter. Weatherford International PLC accounts for 1.5% of Sippican Capital Advisors’ portfolio, making the stock its 25th largest position. Sippican Capital Advisors’ holdings in Weatherford International PLC were worth $1,474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of Weatherford International PLC in the third quarter worth approximately $123,000. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position 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 purchasing an additional 500 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Weatherford International PLC in the first quarter worth approximately $129,000. Crawford Investment Counsel Inc. lifted its position in shares of Weatherford International PLC by 68.8% in the second quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock worth $142,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Weatherford International PLC by 63.2% in the second quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 15,178 shares in the last quarter.

A number of analysts have recently issued reports on WFT shares. Sanford C. Bernstein lowered shares of Weatherford International PLC from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $7.00 to $5.00 in a research report on Thursday, July 6th. UBS AG reaffirmed a “buy” rating and set a $6.00 price objective (down previously from $8.00) on shares of Weatherford International PLC in a research report on Thursday, July 6th. Scotiabank set a $6.00 price objective on shares of Weatherford International PLC and gave the company a “hold” rating in a research report on Friday, July 7th. Zacks Investment Research lowered shares of Weatherford International PLC from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $4.75 price objective (down previously from $7.00) on shares of Weatherford International PLC in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.19.

Shares of Weatherford International PLC (NYSE:WFT) traded up 6.05% during midday trading on Wednesday, hitting $3.68. 26,950,295 shares of the stock traded hands. Weatherford International PLC has a 12-month low of $3.16 and a 12-month high of $7.09. The company’s market capitalization is $3.64 billion. The firm’s 50 day moving average price is $4.02 and its 200 day moving average price is $4.36.

In related news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $4.43, for a total value of $77,525.00. Following the sale, the vice president now owns 279,125 shares in the company, valued at approximately $1,236,523.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.16% of the stock is currently owned by corporate insiders.

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About Weatherford International PLC

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

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