Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Weatherford International PLC (NYSE:WFT) by 12.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,491 shares of the oil and gas company’s stock after purchasing an additional 34,034 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Weatherford International PLC were worth $1,175,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Weatherford International PLC by 4.8% during 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 buying an additional 3,747,537 shares during the last quarter. State Street Corp grew its stake in shares of Weatherford International PLC by 10.4% during 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 purchasing an additional 4,621,797 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of 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 purchasing an additional 12,194,205 shares during the period. ARGA Investment Management LP grew its stake in shares of Weatherford International PLC by 1.2% during the 1st quarter. ARGA Investment Management LP now owns 13,687,202 shares of the oil and gas company’s stock worth $91,020,000 after purchasing an additional 168,500 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of Weatherford International PLC by 15.9% during 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 purchasing an additional 1,372,563 shares during the period.

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WFT has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $8.00 price target on shares of Weatherford International PLC in a research note on Friday, May 19th. Deutsche Bank AG reaffirmed a “buy” rating and set a $7.00 price target (down from $8.00) on shares of Weatherford International PLC in a research note on Tuesday, May 30th. Jefferies Group LLC set a $6.00 price target on shares of Weatherford International PLC and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Barclays PLC raised shares of Weatherford International PLC from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $7.00 to $6.00 in a research note on Wednesday, June 21st. Finally, Seaport Global Securities cut shares of Weatherford International PLC from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $4.00 in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Weatherford International PLC presently has an average rating of “Buy” and an average target price of $6.39.

Weatherford International PLC (NYSE:WFT) opened at 4.18 on Thursday. Weatherford International PLC has a 12-month low of $3.39 and a 12-month high of $7.09. The company has a 50-day moving average of $4.13 and a 200 day moving average of $4.97. The stock’s market cap is $4.13 billion.

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

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.

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

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