State Street Corp lifted its stake in Weatherford International PLC (NYSE:WFT) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,573,863 shares of the oil and gas company’s stock after purchasing an additional 1,617,102 shares during the period. State Street Corp owned 5.11% of Weatherford International PLC worth $195,718,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WFT. Laurion Capital Management LP purchased a new stake in shares of Weatherford International PLC in the 1st quarter worth about $109,000. Two Sigma Securities LLC lifted its position in shares of Weatherford International PLC by 14.5% in the 1st quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 2,238 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Weatherford International PLC by 1.5% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 33,000 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 500 shares during the period. Driehaus Capital Management LLC purchased a new stake in shares of Weatherford International PLC in the 1st quarter worth about $129,000. Finally, Crawford Investment Counsel Inc. lifted its position in shares of Weatherford International PLC by 68.8% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 36,797 shares of the oil and gas company’s stock worth $142,000 after purchasing an additional 15,000 shares during the period.

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Weatherford International PLC (NYSE WFT) opened at 3.96 on Wednesday. The stock’s market capitalization is $3.92 billion. Weatherford International PLC has a one year low of $3.39 and a one year high of $7.09. The firm has a 50-day moving average of $4.18 and a 200 day moving average of $4.61.

Weatherford International PLC (NYSE:WFT) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported ($0.28) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.28). The business 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 quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.28) earnings per share. On average, equities research analysts anticipate that Weatherford International PLC will post ($1.05) earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Weatherford International PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BMO Capital Markets raised their target price on shares of Weatherford International PLC from $4.75 to $5.50 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Seaport Global Securities reaffirmed a “neutral” rating on shares of Weatherford International PLC in a research report on Friday, July 28th. Scotiabank set a $6.00 target price on shares of Weatherford International PLC and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $6.00 target price on shares of Weatherford International PLC in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned 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 $6.18.

In other Weatherford International PLC news, VP Douglas M. Mills sold 17,500 shares of the stock in a transaction dated 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 directly owns 279,125 shares of the company’s stock, valued at $1,236,523.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.16% 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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