Yorktown Management & Research Co Inc Purchases Shares of 206,500 Weatherford International PLC (WFT)

Yorktown Management & Research Co Inc purchased a new stake in Weatherford International PLC (NYSE:WFT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 206,500 shares of the oil and gas company’s stock, valued at approximately $946,000.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Weatherford International PLC by 1.5% in the second quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock valued at $323,144,000 after purchasing an additional 1,203,292 shares in the last quarter. Harris Associates L P raised its stake in Weatherford International PLC by 2,166.3% during the second quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock worth $236,361,000 after acquiring an additional 58,380,345 shares in the last quarter. State Street Corp raised its stake in Weatherford International PLC by 3.3% during the second quarter. State Street Corp now owns 50,573,863 shares of the oil and gas company’s stock worth $195,718,000 after acquiring an additional 1,617,102 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Weatherford International PLC by 71.9% during the second quarter. Wedge Capital Management L L P NC now owns 29,156,413 shares of the oil and gas company’s stock worth $112,835,000 after acquiring an additional 12,194,205 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in Weatherford International PLC by 30.3% during the second quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock worth $51,653,000 after acquiring an additional 3,103,335 shares in the last quarter.

In other 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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.16% of the stock is currently owned by corporate insiders.

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Several research analysts have commented on WFT shares. Sanford C. Bernstein raised Weatherford International PLC from a “market perform” rating to an “outperform” rating in a research note on Friday, November 3rd. BMO Capital Markets boosted their price target on 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 Weatherford International PLC and gave the stock a “hold” rating in a report on Tuesday, August 1st. Cowen and Company set a $8.00 price target on Weatherford International PLC and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Zacks Investment Research upgraded Weatherford International PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $6.07.

Shares of Weatherford International PLC (WFT) traded down $0.04 during trading hours on Tuesday, reaching $3.31. The company’s stock had a trading volume of 14,093,612 shares, compared to its average volume of 21,684,953. The company has a quick ratio of 1.33, a current ratio of 2.04 and a debt-to-equity ratio of 5.44. 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 posted its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.02. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. Weatherford International PLC had a negative return on equity of 67.44% and a negative net margin of 25.36%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.39) EPS. equities analysts forecast that Weatherford International PLC will post -1.02 EPS for the current fiscal year.

Weatherford International PLC Company Profile

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

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