State of Wisconsin Investment Board Sells 76,572 Shares of Weatherford International PLC (WFT)

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.

WFT has been the topic of several recent research reports. Scotiabank reaffirmed a “buy” rating on shares of Weatherford International PLC in a research report on Tuesday, August 29th. Sanford C. Bernstein raised Weatherford International PLC from a “market perform” rating to an “outperform” rating in a research report on Friday, November 3rd. ValuEngine cut Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Jefferies Group LLC set a $5.00 price objective on Weatherford International PLC and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research cut Weatherford International PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Weatherford International PLC has an average rating of “Buy” and an average target price of $6.07.

ILLEGAL ACTIVITY NOTICE: “State of Wisconsin Investment Board Sells 76,572 Shares of Weatherford International PLC (WFT)” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/11/20/state-of-wisconsin-investment-board-sells-76572-shares-of-weatherford-international-plc-wft.html.

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

Want to see what other hedge funds are holding WFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weatherford International PLC (NYSE:WFT).

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

Receive News & Ratings for Weatherford International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply