UBS Oconnor LLC purchased a new stake in Weatherford International plc (NYSE:WFT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 250,000 shares of the oil and gas company’s stock, valued at approximately $140,000.

Several other institutional investors have also made changes to their positions in the company. HRT Financial LLC lifted its stake in Weatherford International by 30.5% during the 4th quarter. HRT Financial LLC now owns 51,028 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 11,936 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Weatherford International by 19.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 137,909 shares of the oil and gas company’s stock valued at $77,000 after purchasing an additional 22,025 shares in the last quarter. Two Sigma Securities LLC raised its position in Weatherford International by 11.2% in the 4th quarter. Two Sigma Securities LLC now owns 283,031 shares of the oil and gas company’s stock valued at $158,000 after purchasing an additional 28,414 shares in the last quarter. B. Riley Wealth Management Inc. acquired a new stake in Weatherford International in the 3rd quarter valued at about $80,000. Finally, Matthew Goff Investment Advisor LLC acquired a new stake in Weatherford International in the 3rd quarter valued at about $8,993,000. 86.29% of the stock is currently owned by institutional investors and hedge funds.

WFT has been the topic of a number of analyst reports. BMO Capital Markets lowered Weatherford International from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $2.50 to $1.00 in a research report on Wednesday, January 9th. Credit Suisse Group reaffirmed a “buy” rating and issued a $1.00 price target on shares of Weatherford International in a research report on Sunday, February 3rd. Capital One Financial lowered Weatherford International from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 16th. Raymond James reaffirmed a “sell” rating on shares of Weatherford International in a research report on Monday, December 17th. Finally, Wells Fargo & Co lowered Weatherford International from an “outperform” rating to a “market perform” rating and set a $2.00 price target on the stock. in a research report on Tuesday, December 11th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. Weatherford International has an average rating of “Hold” and an average target price of $2.07.

Shares of WFT traded down $0.01 during mid-day trading on Thursday, reaching $0.69. The company’s stock had a trading volume of 18,714 shares, compared to its average volume of 21,367,140. Weatherford International plc has a 12-month low of $0.22 and a 12-month high of $3.75. The company has a market cap of $712.61 million, a P/E ratio of -1.16 and a beta of 2.20.

Weatherford International (NYSE:WFT) last released its quarterly earnings data on Friday, February 1st. The oil and gas company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted ($0.33) EPS. Analysts forecast that Weatherford International plc will post -0.35 EPS for the current year.

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Weatherford International Profile

Weatherford International plc, an oilfield service company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company operates in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing and fluid systems, cementing, and coiled-tubing intervention; and drill stem test tools, and surface well testing and multiphase flow measurement services.

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

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