Weatherford International PLC (WFT) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lessened its position in shares of Weatherford International PLC (NYSE:WFT) by 24.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 516,410 shares of the oil and gas company’s stock after selling 164,900 shares during the period. Canada Pension Plan Investment Board owned about 0.05% of Weatherford International PLC worth $2,365,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WFT. Harris Associates L P lifted its holdings in Weatherford International PLC by 2,166.3% during the 2nd quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock worth $236,361,000 after buying an additional 58,380,345 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in Weatherford International PLC by 71.9% during 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 buying an additional 12,194,205 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Weatherford International PLC by 59.5% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,938,200 shares of the oil and gas company’s stock worth $42,331,000 after buying an additional 4,082,000 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in Weatherford International PLC by 30.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock worth $51,653,000 after buying an additional 3,103,335 shares during the last quarter. Finally, Poplar Forest Capital LLC lifted its holdings in Weatherford International PLC by 107.6% during the 2nd quarter. Poplar Forest Capital LLC now owns 5,457,191 shares of the oil and gas company’s stock worth $21,119,000 after buying an additional 2,828,855 shares during the last quarter.

In other news, VP Douglas M. Mills sold 17,500 shares of Weatherford International PLC stock in a transaction on Friday, September 15th. The stock was sold at an average price of $4.43, for a total transaction of $77,525.00. Following the transaction, the vice president now directly owns 279,125 shares in the company, valued at approximately $1,236,523.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.16% of the stock is currently owned by company insiders.

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Weatherford International PLC (WFT) opened at $3.42 on Friday. Weatherford International PLC has a 1 year low of $3.16 and a 1 year high of $7.09. 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 (NYSE:WFT) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02. Weatherford International PLC had a negative return on equity of 67.44% and a negative net margin of 25.36%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned ($0.39) EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts anticipate that Weatherford International PLC will post -1.02 earnings per share for the current year.

A number of research analysts have commented on WFT shares. Scotiabank reaffirmed a “buy” rating on shares of Weatherford International PLC in a report on Tuesday, August 29th. Jefferies Group LLC set a $5.00 target price on Weatherford International PLC and gave the stock a “hold” rating in a report on Thursday, October 5th. ValuEngine downgraded Weatherford International PLC from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Sanford C. Bernstein raised Weatherford International PLC from a “market perform” rating to an “outperform” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Weatherford International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Weatherford International PLC has a consensus rating of “Buy” and a consensus price target of $6.07.

Weatherford International PLC Profile

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

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