Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Weatherford International PLC (NYSE:WFT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 82,591 shares of the oil and gas company’s stock, valued at approximately $320,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Weatherford International PLC by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 82,296,549 shares of the oil and gas company’s stock worth $547,273,000 after acquiring an additional 3,747,537 shares during the last quarter. State Street Corp raised its holdings in shares of Weatherford International PLC by 10.4% in the 1st quarter. State Street Corp now owns 48,956,761 shares of the oil and gas company’s stock worth $325,562,000 after acquiring an additional 4,621,797 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Weatherford International PLC by 71.9% in the 2nd 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 during the last quarter. Teachers Advisors LLC raised its holdings in shares of Weatherford International PLC by 15.9% in the 1st quarter. Teachers Advisors LLC now owns 10,031,765 shares of the oil and gas company’s stock worth $66,711,000 after acquiring an additional 1,372,563 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Weatherford International PLC by 0.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 9,365,986 shares of the oil and gas company’s stock worth $36,246,000 after acquiring an additional 47,400 shares during the last quarter.

Weatherford International PLC (WFT) opened at 4.26 on Friday. The company has a 50-day moving average of $4.09 and a 200 day moving average of $4.87. Weatherford International PLC has a 12-month low of $3.39 and a 12-month high of $7.09. The company’s market capitalization is $4.21 billion.

Weatherford International PLC (NYSE:WFT) last announced its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.28). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.46 billion. Weatherford International PLC had a negative net margin of 53.49% and a negative return on equity of 65.33%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.28) earnings per share. Equities research analysts forecast that Weatherford International PLC will post ($1.03) earnings per share for the current fiscal year.

In related news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $4.43, for a total transaction of $77,525.00. Following the completion of the sale, the vice president now directly owns 279,125 shares in the company, valued at $1,236,523.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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A number of research firms recently weighed in on WFT. ValuEngine lowered shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Scotiabank reiterated a “buy” rating on shares of Weatherford International PLC in a research note on Tuesday, August 29th. BidaskClub lowered shares of Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Morgan Stanley decreased their price objective on shares of Weatherford International PLC from $6.00 to $5.50 and set an “overweight” rating for the company in a research note on Monday, August 7th. Finally, BMO Capital Markets increased their price objective on shares of Weatherford International PLC from $4.75 to $5.50 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $6.39.

Weatherford International PLC 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.

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

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