Tudor Investment Corp ET AL acquired a new position in shares of Weatherford International PLC (NYSE:WFT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 288,512 shares of the oil and gas company’s stock, valued at approximately $1,117,000.

Other hedge funds have also made changes to their positions in the company. Laurion Capital Management LP bought a new stake in shares of Weatherford International PLC during the 1st quarter worth $109,000. Two Sigma Securities LLC lifted its position in shares of Weatherford International PLC by 14.5% during the 1st quarter. Two Sigma Securities LLC now owns 17,643 shares of the oil and gas company’s stock worth $117,000 after buying an additional 2,238 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Weatherford International PLC during the 1st quarter worth $129,000. Baird Financial Group Inc. lifted its position in shares of Weatherford International PLC by 22.6% during the 1st quarter. Baird Financial Group Inc. now owns 24,420 shares of the oil and gas company’s stock worth $162,000 after buying an additional 4,500 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Weatherford International PLC by 181.1% during the 1st quarter. US Bancorp DE now owns 25,523 shares of the oil and gas company’s stock worth $170,000 after buying an additional 16,444 shares during the last quarter.

WFT has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective 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. Scotiabank set a $6.00 price objective on Weatherford International PLC and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Weatherford International PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded Weatherford International PLC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Piper Jaffray Companies set a $6.00 target price on Weatherford International PLC and gave the company a “buy” rating in a research report on Saturday, July 29th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Weatherford International PLC currently has an average rating of “Buy” and an average target price of $6.40.

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In related news, VP Douglas M. Mills sold 17,500 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $4.43, for a total transaction of $77,525.00. Following the transaction, the vice president now owns 279,125 shares in the company, valued at approximately $1,236,523.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.16% of the stock is owned by insiders.

Shares of Weatherford International PLC (WFT) opened at 4.27 on Thursday. Weatherford International PLC has a 1-year low of $3.39 and a 1-year high of $7.09. The firm’s market cap is $4.22 billion. The company’s 50-day moving average price is $4.14 and its 200 day moving average price is $4.72.

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

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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