Nomura Holdings Inc. Boosts Position in Weatherford International PLC (WFT)

Nomura Holdings Inc. increased its position in shares of Weatherford International PLC (NYSE:WFT) by 604.9% during the first quarter, Holdings Channel reports. The institutional investor owned 497,014 shares of the oil and gas company’s stock after buying an additional 426,510 shares during the period. Nomura Holdings Inc.’s holdings in Weatherford International PLC were worth $3,308,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp raised its stake in shares of Weatherford International PLC by 10.4% in the first quarter. State Street Corp now owns 48,956,761 shares of the oil and gas company’s stock worth $325,562,000 after buying an additional 4,621,797 shares in the last quarter. Two Sigma Securities LLC raised its stake in shares of Weatherford International PLC by 14.5% in the first quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock worth $117,000 after buying an additional 2,238 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Weatherford International PLC by 4.8% in the first quarter. Oppenheimer & Co. Inc. now owns 542,167 shares of the oil and gas company’s stock worth $3,606,000 after buying an additional 24,746 shares in the last quarter. Cambrian Capital Limited Partnership raised its stake in shares of Weatherford International PLC by 3.8% in the first quarter. Cambrian Capital Limited Partnership now owns 511,700 shares of the oil and gas company’s stock worth $3,403,000 after buying an additional 18,800 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Weatherford International PLC during the first quarter worth $942,000.

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

Shares of Weatherford International PLC (WFT) traded up 8.49% during midday trading on Friday, reaching $4.09. 27,782,498 shares of the company’s stock traded hands. The stock has a 50 day moving average of $4.96 and a 200-day moving average of $5.54. Weatherford International PLC has a 12 month low of $3.69 and a 12 month high of $7.09. The stock’s market cap is $4.03 billion.

Weatherford International PLC (NYSE:WFT) last released its quarterly earnings data on Friday, April 28th. The oil and gas company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.01. Weatherford International PLC had a negative net margin of 60.22% and a negative return on equity of 47.36%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted ($0.29) earnings per share. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. On average, equities research analysts forecast that Weatherford International PLC will post ($0.97) EPS for the current fiscal year.

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A number of brokerages recently weighed in on WFT. Jefferies Group LLC set a $6.00 price target on shares of Weatherford International PLC and gave the company a “hold” rating in a report on Tuesday, June 6th. Deutsche Bank AG reissued a “buy” rating and issued a $7.00 price target (down previously from $8.00) on shares of Weatherford International PLC in a report on Tuesday, May 30th. Royal Bank of Canada reissued a “buy” rating and issued a $8.00 price target on shares of Weatherford International PLC in a report on Friday, May 19th. BMO Capital Markets reissued a “buy” rating and issued a $7.00 price target on shares of Weatherford International PLC in a report on Tuesday, May 2nd. Finally, Scotiabank set a $6.00 price target on shares of Weatherford International PLC and gave the company a “hold” rating in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $7.23.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $5.19, for a total value of $90,825.00. Following the transaction, the vice president now directly owns 296,625 shares of the company’s stock, valued at $1,539,483.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

About Weatherford International PLC

Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates four segments: North America, Latin America, Europe/West Africa/the former Soviet Union (FSU) and Middle East/North Africa/Asia.

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