Dimensional Fund Advisors LP Has $39,985,000 Stake in Weatherford International Ltd. (WFT)
Dimensional Fund Advisors LP decreased its position in Weatherford International Ltd. (NYSE:WFT) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,204,668 shares of the company’s stock after selling 443,108 shares during the period. Dimensional Fund Advisors LP owned about 0.80% of Weatherford International worth $39,985,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. HBK Investments L P raised its stake in shares of Weatherford International by 119.7% in the first quarter. HBK Investments L P now owns 2,815,989 shares of the company’s stock worth $21,908,000 after buying an additional 1,534,089 shares during the last quarter. Dodge & Cox raised its stake in shares of Weatherford International by 9.0% in the first quarter. Dodge & Cox now owns 81,021,617 shares of the company’s stock worth $630,348,000 after buying an additional 6,695,940 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Weatherford International by 18.8% in the first quarter. Geode Capital Management LLC now owns 5,390,989 shares of the company’s stock worth $41,919,000 after buying an additional 853,411 shares during the last quarter. Riverhead Capital Management LLC purchased a new position in Weatherford International during the first quarter worth approximately $712,000. Finally, State Street Corp increased its position in Weatherford International by 36.9% in the first quarter. State Street Corp now owns 26,567,174 shares of the company’s stock worth $206,692,000 after buying an additional 7,166,608 shares during the period. 97.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Weatherford International Ltd. (NYSE:WFT) opened at 5.96 on Monday. The stock’s market cap is $5.34 billion. Weatherford International Ltd. has a 12-month low of $4.71 and a 12-month high of $11.49. The company’s 50-day moving average price is $5.75 and its 200 day moving average price is $6.12.
Weatherford International (NYSE:WFT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.02. Weatherford International had a negative return on equity of 13.41% and a negative net margin of 33.73%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned ($0.10) earnings per share. Weatherford International’s quarterly revenue was down 41.3% compared to the same quarter last year. On average, equities analysts predict that Weatherford International Ltd. will post $2.45 earnings per share for the current year.
WFT has been the subject of a number of research reports. Vetr downgraded Weatherford International from a “strong-buy” rating to a “buy” rating and set a $6.95 price target for the company. in a research note on Monday, June 27th. Jefferies Group restated a “buy” rating and set a $7.00 price target (down previously from $8.00) on shares of Weatherford International in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Weatherford International from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research report on Thursday, October 6th. JPMorgan Chase & Co. restated a “buy” rating and set a $9.00 price target on shares of Weatherford International in a research report on Friday, July 29th. Finally, Citigroup Inc. increased their price target on shares of Weatherford International from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Weatherford International has a consensus rating of “Buy” and an average target price of $8.83.
In other Weatherford International news, VP Douglas M. Mills sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $5.97, for a total value of $74,625.00. Following the sale, the vice president now directly owns 223,933 shares of the company’s stock, valued at $1,336,880.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.
Weatherford International Company Profile
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.
Receive News & Ratings for Weatherford International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.