California Public Employees Retirement System boosted its position in Willbros Group Inc (NYSE:WG) by 13.9% during the first quarter, Holdings Channel reports. The firm owned 403,100 shares of the oil and gas company’s stock after buying an additional 49,200 shares during the period. California Public Employees Retirement System’s holdings in Willbros Group were worth $1,104,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WG. Bank of New York Mellon Corp increased its stake in Willbros Group by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 172,234 shares of the oil and gas company’s stock worth $472,000 after buying an additional 6,800 shares during the period. Strs Ohio increased its stake in Willbros Group by 4.1% in the first quarter. Strs Ohio now owns 222,300 shares of the oil and gas company’s stock worth $609,000 after buying an additional 8,800 shares during the period. Cutter & CO Brokerage Inc. increased its stake in Willbros Group by 11.0% in the first quarter. Cutter & CO Brokerage Inc. now owns 101,000 shares of the oil and gas company’s stock worth $277,000 after buying an additional 10,000 shares during the period. State Street Corp increased its stake in Willbros Group by 4.4% in the fourth quarter. State Street Corp now owns 597,803 shares of the oil and gas company’s stock worth $1,938,000 after buying an additional 25,017 shares during the period. Finally, Teachers Advisors LLC increased its stake in Willbros Group by 111.4% in the fourth quarter. Teachers Advisors LLC now owns 124,138 shares of the oil and gas company’s stock worth $402,000 after buying an additional 65,425 shares during the period. 57.24% of the stock is owned by institutional investors.

Shares of Willbros Group Inc (NYSE:WG) traded up 2.76% on Friday, hitting $2.23. The company had a trading volume of 34,922 shares. The firm has a 50 day moving average of $2.26 and a 200-day moving average of $2.61. Willbros Group Inc has a 12-month low of $1.42 and a 12-month high of $3.84. The firm’s market capitalization is $141.16 million.

Willbros Group (NYSE:WG) last issued its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. Willbros Group had a negative return on equity of 3.79% and a negative net margin of 0.49%. The firm had revenue of $227.40 million during the quarter, compared to analysts’ expectations of $193.61 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities analysts predict that Willbros Group Inc will post ($0.26) EPS for the current year.

TRADEMARK VIOLATION NOTICE: This article was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/california-public-employees-retirement-system-purchases-49200-shares-of-willbros-group-inc-nysewg/1475091.html.

WG has been the topic of a number of recent analyst reports. ValuEngine raised Willbros Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded Willbros Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th.

About Willbros Group

Willbros Group, Inc is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development services. The Company operates through three segments: Oil & Gas, Utility T&D and Canada. The Company provides services through operating subsidiaries.

Want to see what other hedge funds are holding WG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Willbros Group Inc (NYSE:WG).

Institutional Ownership by Quarter for Willbros Group (NYSE:WG)

Receive News & Ratings for Willbros Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willbros Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.