Private Advisor Group LLC increased its position in Weatherford International PLC (NYSE:WFT) by 63.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,207 shares of the oil and gas company’s stock after acquiring an additional 15,178 shares during the period. Private Advisor Group LLC’s holdings in Weatherford International PLC were worth $146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WFT. US Bancorp DE grew its holdings in shares of Weatherford International PLC by 181.1% in the 1st quarter. US Bancorp DE now owns 25,523 shares of the oil and gas company’s stock worth $170,000 after acquiring an additional 16,444 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Weatherford International PLC by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 4,803,901 shares of the oil and gas company’s stock worth $31,946,000 after acquiring an additional 314,206 shares during the period. World Asset Management Inc grew its holdings in shares of Weatherford International PLC by 2.0% in the 1st quarter. World Asset Management Inc now owns 50,937 shares of the oil and gas company’s stock worth $339,000 after acquiring an additional 1,020 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Weatherford International PLC in the 1st quarter worth approximately $1,193,000. Finally, TD Asset Management Inc. grew its holdings in shares of Weatherford International PLC by 7.3% in the 1st quarter. TD Asset Management Inc. now owns 57,023 shares of the oil and gas company’s stock worth $379,000 after acquiring an additional 3,900 shares during the period.

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

Weatherford International PLC (NYSE:WFT) last issued its earnings results on Friday, July 28th. The oil and gas company reported ($0.28) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.28) EPS. Equities research analysts predict that Weatherford International PLC will post ($1.03) earnings per share for the current year.

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A number of research firms recently weighed in on WFT. Morgan Stanley restated an “overweight” rating and issued a $6.00 price target (down previously from $12.00) on shares of Weatherford International PLC in a report on Wednesday, June 21st. Seaport Global Securities restated a “neutral” rating on shares of Weatherford International PLC in a report on Friday, July 28th. ValuEngine cut Weatherford International PLC from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Sanford C. Bernstein cut Weatherford International PLC from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $7.00 to $5.00 in a report on Thursday, July 6th. Finally, Scotiabank restated a “buy” rating on shares of Weatherford International PLC in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $6.39.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of Weatherford International PLC stock in a transaction 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 owns 279,125 shares of the company’s stock, valued at approximately $1,236,523.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

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.

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

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