Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Weatherford International PLC (NYSE:WFT) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 717,700 shares of the oil and gas company’s stock after purchasing an additional 14,200 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of Weatherford International worth $3,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Weatherford International by 1.5% in the second quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock valued at $323,144,000 after acquiring an additional 1,203,292 shares in the last quarter. Harris Associates L P raised its holdings in Weatherford International by 2,166.3% in the second quarter. Harris Associates L P now owns 61,075,275 shares of the oil and gas company’s stock valued at $236,361,000 after acquiring an additional 58,380,345 shares in the last quarter. State Street Corp raised its holdings in Weatherford International by 3.3% in the second quarter. State Street Corp now owns 50,573,863 shares of the oil and gas company’s stock valued at $195,718,000 after acquiring an additional 1,617,102 shares in the last quarter. Van ECK Associates Corp raised its holdings in Weatherford International by 12.5% in the third quarter. Van ECK Associates Corp now owns 26,859,040 shares of the oil and gas company’s stock valued at $123,014,000 after acquiring an additional 2,979,183 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in Weatherford International by 30.3% in the second quarter. Thrivent Financial For Lutherans now owns 13,347,035 shares of the oil and gas company’s stock valued at $51,653,000 after acquiring an additional 3,103,335 shares in the last quarter.

Several research firms recently issued reports on WFT. Seaport Global Securities raised shares of Weatherford International from a “neutral” rating to a “buy” rating and upped their price target for the company from $4.00 to $5.00 in a report on Wednesday, November 1st. Societe Generale raised shares of Weatherford International from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Cowen set a $8.00 price target on shares of Weatherford International and gave the company a “buy” rating in a report on Friday, October 6th. Citigroup upped their price target on shares of Weatherford International from $5.30 to $5.60 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Royal Bank of Canada set a $6.00 price target on shares of Weatherford International and gave the company a “buy” rating in a report on Sunday, October 8th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $6.07.

Shares of Weatherford International PLC (NYSE:WFT) traded down $0.01 during trading hours on Tuesday, hitting $3.36. 16,546,100 shares of the company’s stock were exchanged, compared to its average volume of 21,847,018. Weatherford International PLC has a 52 week low of $3.08 and a 52 week 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 (NYSE:WFT) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.02. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Weatherford International had a negative net margin of 25.36% and a negative return on equity of 67.44%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.39) earnings per share. equities research analysts anticipate that Weatherford International PLC will post -1.02 EPS for the current year.

In other news, VP Douglas M. Mills sold 17,500 shares of the company’s 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 transaction, the vice president now owns 279,125 shares in the company, valued at $1,236,523.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.16% of the stock is currently owned by corporate insiders.

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Weatherford International Profile

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

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