Sapience Investments LLC grew its position in Weatherford International Plc (NYSE:WFT) by 610.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,985,660 shares of the oil and gas company’s stock after buying an additional 2,565,240 shares during the period. Weatherford International makes up 1.7% of Sapience Investments LLC’s portfolio, making the stock its 23rd largest position. Sapience Investments LLC owned approximately 0.30% of Weatherford International worth $12,450,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new position in shares of Weatherford International in the 4th quarter valued at $104,000. Investors Research Corp acquired a new position in shares of Weatherford International in the 4th quarter valued at $105,000. Balentine LLC grew 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 grew 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. Finally, State of Alaska Department of Revenue acquired a new position in shares of Weatherford International in the 4th quarter valued at $216,000.
Shares of Weatherford International Plc (WFT) opened at $2.64 on Monday. 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 Plc has a 52-week low of $2.42 and a 52-week high of $6.86.
Several brokerages have recently issued reports on WFT. BMO Capital Markets reissued a “hold” rating on shares of Weatherford International in a report on Thursday, January 25th. Credit Suisse Group reduced their target price on shares of Weatherford International from $5.50 to $4.50 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. Cowen reaffirmed a “buy” rating and issued a $6.00 target price on shares of Weatherford International in a research note on Monday, February 5th. Tudor Pickering lowered shares of Weatherford International from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $6.00 target price on shares of Weatherford International in a research note on Monday, February 5th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Weatherford International presently has a consensus rating of “Hold” and a consensus target price of $5.29.
In other news, VP Douglas M. Mills sold 17,931 shares of the company’s 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 approximately $1,034,964.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Douglas M. Mills sold 7,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $3.75, for a total transaction of $28,125.00. Following the completion of the sale, the vice president now directly owns 271,625 shares in the company, valued at $1,018,593.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,726 shares of company stock worth $193,648. 1.16% of the stock is owned by insiders.
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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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