Schneider Capital Management Corp grew its position in Weatherford International plc (NYSE:WFT) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,133,638 shares of the oil and gas company’s stock after buying an additional 1,457,283 shares during the quarter. Weatherford International accounts for about 7.5% of Schneider Capital Management Corp’s portfolio, making the stock its 3rd largest holding. Schneider Capital Management Corp owned about 1.41% of Weatherford International worth $38,302,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Brave Asset Management Inc. boosted its stake in shares of Weatherford International by 150.0% in the 3rd quarter. Brave Asset Management Inc. now owns 40,000 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 24,000 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Weatherford International in the 2nd quarter valued at $119,000. GSA Capital Partners LLP bought a new stake in shares of Weatherford International in the 2nd quarter valued at $158,000. Private Advisor Group LLC boosted its stake in shares of Weatherford International by 295.3% in the 3rd quarter. Private Advisor Group LLC now owns 64,049 shares of the oil and gas company’s stock valued at $174,000 after purchasing an additional 47,848 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake in shares of Weatherford International by 51.3% in the 2nd quarter. Wedbush Securities Inc. now owns 59,786 shares of the oil and gas company’s stock valued at $197,000 after purchasing an additional 20,272 shares during the last quarter.
A number of equities research analysts have recently commented on WFT shares. Credit Suisse Group set a $4.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a research note on Tuesday, October 30th. Raymond James set a $3.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a research note on Tuesday, October 30th. Tudor Pickering raised shares of Weatherford International from a “sell” rating to a “buy” rating in a research note on Monday, August 20th. BMO Capital Markets set a $3.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a research note on Tuesday, November 6th. Finally, Morgan Stanley started coverage on shares of Weatherford International in a research note on Tuesday, September 18th. They issued an “equal weight” rating and a $4.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.50.
Weatherford International (NYSE:WFT) last released its quarterly earnings data on Monday, October 29th. The oil and gas company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. Weatherford International had a negative net margin of 45.58% and a negative return on equity of 283.53%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The business’s revenue was down 1.1% on a year-over-year basis. Equities analysts forecast that Weatherford International plc will post -0.57 EPS for the current year.
In other Weatherford International news, Director Angela A. Minas acquired 40,000 shares of the stock in a transaction on Monday, September 17th. The shares were purchased at an average price of $2.45 per share, for a total transaction of $98,000.00. Following the completion of the acquisition, the director now owns 102,711 shares in the company, valued at approximately $251,641.95. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.44% of the company’s stock.
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Weatherford International Company Profile
Weatherford International plc operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates in two segments, Western Hemisphere and Eastern Hemisphere.
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