Timber Hill LLC Invests $280,000 in Weatherford International PLC (WFT) Stock

Timber Hill LLC acquired a new position in Weatherford International PLC (NYSE:WFT) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 61,129 shares of the oil and gas company’s stock, valued at approximately $280,000.

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

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Weatherford International PLC (WFT) traded down $0.09 during trading hours on Friday, hitting $3.39. 29,985,400 shares of the stock traded hands, compared to its average volume of 21,726,066. Weatherford International PLC has a one year low of $3.16 and a one year high of $7.09. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44.

Weatherford International PLC (NYSE:WFT) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.02. Weatherford International PLC had a negative net margin of 25.36% and a negative return on equity of 67.44%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted ($0.39) EPS. The business’s revenue was up 7.1% compared to the same quarter last year. research analysts expect that Weatherford International PLC will post -1.02 earnings per share for the current year.

A number of brokerages have issued reports on WFT. Citigroup Inc. lifted their target price on shares of Weatherford International PLC from $5.30 to $5.60 and gave the company a “buy” rating in a research note on Thursday, October 5th. Seaport Global Securities raised shares of Weatherford International PLC from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.00 to $5.00 in a research note on Wednesday, November 1st. Societe Generale raised shares of Weatherford International PLC from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. BMO Capital Markets decreased their target price on shares of Weatherford International PLC from $5.50 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Finally, Deutsche Bank AG began coverage on shares of Weatherford International PLC in a research note on Tuesday, October 10th. They set a “buy” rating and a $6.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $6.07.

In other news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $4.43, for a total transaction of $77,525.00. Following 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.16% of the company’s stock.

Weatherford International PLC Profile

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

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