Yorktown Management & Research Co Inc increased its holdings in Weatherford International Plc (NYSE:WFT) by 16.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 240,000 shares of the oil and gas company’s stock after buying an additional 33,500 shares during the period. Yorktown Management & Research Co Inc’s holdings in Weatherford International were worth $1,001,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Investors Research Corp acquired a new position in shares of Weatherford International in the 4th quarter valued at about $105,000. Balentine LLC boosted its holdings in shares of Weatherford International by 68.5% in the 3rd quarter. Balentine LLC now owns 36,706 shares of the oil and gas company’s stock valued at $168,000 after buying an additional 14,922 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Weatherford International by 244.5% in the 3rd quarter. Toronto Dominion Bank now owns 39,550 shares of the oil and gas company’s stock valued at $181,000 after buying an additional 28,070 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Weatherford International by 46.4% in 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 buying an additional 15,300 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Weatherford International in the 4th quarter valued at about $216,000.
In other Weatherford International news, VP Douglas M. Mills sold 15,223 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $4.07, for a total transaction of $61,957.61. Following the sale, the vice president now directly owns 256,402 shares in the company, valued at approximately $1,043,556.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Douglas M. Mills sold 6,072 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $4.24, for a total transaction of $25,745.28. Following the sale, the vice president now owns 232,399 shares in the company, valued at $985,371.76. The disclosure for this sale can be found here. Insiders have sold a total of 46,726 shares of company stock worth $193,648 over the last 90 days. 1.16% of the stock is owned by insiders.
Weatherford International Plc (NYSE WFT) traded down $0.07 during mid-day trading on Thursday, hitting $2.56. 2,208,674 shares of the company’s stock were exchanged, compared to its average volume of 25,358,182. Weatherford International Plc has a one year low of $2.52 and a one year high of $7.09. The company has a market cap of $2,811.93, a P/E ratio of -0.91 and a beta of 2.08. The company has a debt-to-equity ratio of -13.21, a current ratio of 1.74 and a quick ratio of 1.19.
Weatherford International (NYSE:WFT) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported ($0.33) 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 company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted ($0.32) earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. sell-side analysts anticipate that Weatherford International Plc will post -0.62 EPS for the current year.
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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