Comerica Bank cut its position in Weatherford International PLC (NYSE:WFT) by 11.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,249,576 shares of the oil and gas company’s stock after selling 153,979 shares during the period. Comerica Bank owned approximately 0.13% of Weatherford International PLC worth $4,086,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Weatherford International PLC by 1.5% in the second quarter. Vanguard Group Inc. now owns 83,499,841 shares of the oil and gas company’s stock worth $323,144,000 after buying an additional 1,203,292 shares during the last quarter. Harris Associates L P boosted its stake in shares of Weatherford International PLC 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 worth $236,361,000 after buying an additional 58,380,345 shares during the last quarter. State Street Corp boosted its stake in shares of Weatherford International PLC by 3.3% in the second quarter. State Street Corp now owns 50,573,863 shares of the oil and gas company’s stock worth $195,718,000 after buying an additional 1,617,102 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Weatherford International PLC by 71.9% in the second 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 buying an additional 12,194,205 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Weatherford International PLC 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 worth $51,653,000 after buying an additional 3,103,335 shares during the last quarter.

A number of brokerages have recently commented on WFT. BidaskClub downgraded Weatherford International PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded Weatherford International PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies set a $6.00 price target on Weatherford International PLC and gave the stock a “buy” rating in a research report on Saturday, July 29th. Seaport Global Securities upgraded Weatherford International PLC from a “neutral” rating to a “buy” rating and increased their price target for the stock from $4.00 to $5.00 in a research report on Wednesday, November 1st. Finally, BMO Capital Markets increased their price target on Weatherford International PLC from $4.75 to $5.50 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $6.07.

In other news, VP Douglas M. Mills sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $4.43, for a total value of $77,525.00. Following 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.16% of the company’s stock.

Weatherford International PLC (NYSE:WFT) traded up $0.19 during midday trading on Friday, hitting $3.48. The stock had a trading volume of 12,670,000 shares, compared to its average volume of 25,210,000. Weatherford International PLC has a 1-year low of $3.16 and a 1-year high of $7.09. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 5.44.

Weatherford International PLC (NYSE:WFT) last released its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.02. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. Weatherford International PLC had a negative return on equity of 67.44% and a negative net margin of 25.36%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.39) earnings per share. research analysts predict that Weatherford International PLC will post -1.02 earnings per share for the current fiscal year.

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About Weatherford International PLC

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

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