Weatherford International PLC (WFT) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Weatherford International PLC (NYSE:WFT) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,826,643 shares of the oil and gas company’s stock after selling 23,249 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.18% of Weatherford International PLC worth $7,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Weatherford International PLC by 12.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 303,491 shares of the oil and gas company’s stock valued at $1,175,000 after purchasing an additional 34,034 shares in the last quarter. Phoenix Investment Adviser LLC raised its position in Weatherford International PLC by 15.2% during the 2nd quarter. Phoenix Investment Adviser LLC now owns 167,000 shares of the oil and gas company’s stock valued at $646,000 after purchasing an additional 22,000 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Weatherford International PLC by 17.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,255,585 shares of the oil and gas company’s stock worth $4,859,000 after acquiring an additional 182,530 shares in the last quarter. Marshall Wace LLP raised its position in shares of Weatherford International PLC by 2,924.4% in the 2nd quarter. Marshall Wace LLP now owns 2,344,905 shares of the oil and gas company’s stock worth $9,380,000 after acquiring an additional 2,267,371 shares in the last quarter. Finally, BB&T Securities LLC raised its position in shares of Weatherford International PLC by 18.2% in the 2nd quarter. BB&T Securities LLC now owns 318,485 shares of the oil and gas company’s stock worth $1,232,000 after acquiring an additional 49,139 shares in the last quarter.

Weatherford International PLC (NYSE:WFT) opened at 4.42 on Friday. The stock’s market capitalization is $4.37 billion. Weatherford International PLC has a 52-week low of $3.39 and a 52-week high of $7.09. The stock’s 50 day moving average price is $4.09 and its 200 day moving average price is $4.90.

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

WFT has been the subject of several recent research reports. ValuEngine lowered Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Piper Jaffray Companies set a $6.00 target price on Weatherford International PLC and gave the stock a “buy” rating in a research note on Saturday, July 29th. Scotiabank set a $6.00 target price on Weatherford International PLC and gave the stock a “hold” rating in a research note on Friday, July 7th. Seaport Global Securities restated a “neutral” rating on shares of Weatherford International PLC in a research note on Friday, July 28th. Finally, BidaskClub upgraded Weatherford International PLC from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $6.39.

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Weatherford International PLC 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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