Ninepoint Partners LP purchased a new position in Weatherford International Plc (NYSE:WFT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,200,000 shares of the oil and gas company’s stock, valued at approximately $5,004,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Balentine LLC lifted its position in shares of Weatherford International by 68.5% during the 3rd quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock valued at $168,000 after acquiring an additional 14,922 shares during the period. Toronto Dominion Bank lifted its position in shares of Weatherford International by 244.5% during the 3rd quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock valued at $181,000 after acquiring an additional 28,070 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Weatherford International by 46.4% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 48,300 shares of the oil and gas company’s stock valued at $221,000 after acquiring an additional 15,300 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Weatherford International during the 4th quarter valued at $216,000. Finally, Boothbay Fund Management LLC lifted its position in shares of Weatherford International by 450.0% during the 3rd quarter. Boothbay Fund Management LLC now owns 54,998 shares of the oil and gas company’s stock valued at $252,000 after acquiring an additional 44,998 shares during the period.
In other news, VP Douglas M. Mills sold 17,931 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $4.34, for a total value of $77,820.54. Following the sale, the vice president now directly owns 238,471 shares of the company’s stock, valued at $1,034,964.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Douglas M. Mills sold 15,223 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $4.07, for a total transaction of $61,957.61. Following the completion of the sale, the vice president now directly owns 256,402 shares in the company, valued at $1,043,556.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,726 shares of company stock worth $193,648. Insiders own 1.16% of the company’s stock.
Shares of Weatherford International Plc (WFT) opened at $2.97 on Tuesday. The company has a market cap of $2,980.85, a PE ratio of -1.05 and a beta of 2.08. Weatherford International Plc has a fifty-two week low of $2.62 and a fifty-two week high of $7.09. The company has a current ratio of 1.74, a quick ratio of 1.19 and a debt-to-equity ratio of -13.21.
Weatherford International (NYSE:WFT) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.12). Weatherford International had a negative return on equity of 114.20% and a negative net margin of 49.36%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted ($0.32) earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. equities research analysts anticipate that Weatherford International Plc will post -0.62 EPS for the current year.
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Weatherford International Company Profile
Weatherford International Ltd. (Weatherford) is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 90 countries and has a network of approximately 860 locations, including manufacturing, service, research and development, and training facilities and employs approximately 29,500 people.
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