State of Wisconsin Investment Board lessened its stake in shares of Weatherford International PLC (NYSE:WFT) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,242,782 shares of the oil and gas company’s stock after selling 76,572 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.13% of Weatherford International PLC worth $5,692,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC bought a new stake in Weatherford International PLC during the 3rd quarter valued at $123,000. GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in Weatherford International PLC by 1.5% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 500 shares in the last quarter. Crawford Investment Counsel Inc. boosted its position in Weatherford International PLC by 68.8% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 15,000 shares in the last quarter. Private Advisor Group LLC boosted its position in Weatherford International PLC by 63.2% during the 2nd quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 15,178 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in Weatherford International PLC by 262.4% during the 2nd quarter. First Mercantile Trust Co. now owns 39,500 shares of the oil and gas company’s stock valued at $153,000 after acquiring an additional 28,600 shares in the last quarter.
In related news, VP Douglas M. Mills sold 17,500 shares of Weatherford International PLC stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $4.43, for a total value of $77,525.00. Following the completion of the transaction, the vice president now owns 279,125 shares in the company, valued at approximately $1,236,523.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.16% of the stock is owned by insiders.
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Weatherford International PLC (NYSE:WFT) opened at $3.42 on Monday. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. Weatherford International PLC has a 52 week low of $3.16 and a 52 week high of $7.09.
Weatherford International PLC (NYSE:WFT) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Weatherford International PLC had a negative return on equity of 67.44% and a negative net margin of 25.36%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business earned ($0.39) EPS. Weatherford International PLC’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts anticipate that Weatherford International PLC will post -1.02 EPS for the current fiscal year.
About Weatherford International PLC
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