Factory Mutual Insurance Co. boosted its stake in shares of Weatherford International Plc (NYSE:WFT) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,369,700 shares of the oil and gas company’s stock after purchasing an additional 350,000 shares during the period. Factory Mutual Insurance Co.’s holdings in Weatherford International were worth $14,052,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC purchased a new stake in Weatherford International during the 3rd quarter worth approximately $123,000. Private Advisor Group LLC grew its position in Weatherford International by 63.2% during the 2nd quarter. Private Advisor Group LLC now owns 39,207 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 15,178 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in Weatherford International during the 2nd quarter worth approximately $161,000. Balentine LLC grew its position in Weatherford International by 68.5% during the 3rd quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock worth $168,000 after purchasing an additional 14,922 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in Weatherford International by 244.5% during the 3rd quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 28,070 shares during the last quarter.

Shares of Weatherford International Plc (NYSE:WFT) opened at $4.20 on Wednesday. The company has a debt-to-equity ratio of 5.44, a quick ratio of 1.33 and a current ratio of 2.04. Weatherford International Plc has a 12 month low of $3.08 and a 12 month high of $7.09. The company has a market cap of $4,220.00, a P/E ratio of -2.94 and a beta of 2.32.

Weatherford International (NYSE:WFT) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.02. Weatherford International had a negative net margin of 25.36% and a negative return on equity of 67.44%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business posted ($0.39) EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts predict that Weatherford International Plc will post -1.02 earnings per share for the current year.

In related news, VP Douglas M. Mills sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $3.75, for a total value of $28,125.00. Following the completion of the transaction, the vice president now directly owns 271,625 shares in the company, valued at approximately $1,018,593.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.16% of the company’s stock.

Several research firms have weighed in on WFT. Bank of America raised shares of Weatherford International from an “underperform” rating to a “neutral” rating and set a $5.00 target price on the stock in a research report on Tuesday. Zacks Investment Research raised shares of Weatherford International from a “sell” rating to a “hold” rating in a research report on Saturday. Loop Capital dropped their target price on shares of Weatherford International to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, January 9th. Jefferies Group downgraded shares of Weatherford International from a “hold” rating to an “underperform” rating and set a $3.00 target price on the stock. in a research report on Thursday, January 4th. Finally, UBS Group set a $6.00 target price on shares of Weatherford International and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $5.86.

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About Weatherford International

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

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