Poplar Forest Capital LLC Has Increased Its Weatherford Intl Plc (WFT) Position by $4.45 Million

February 12, 2018 - By Jacob Falcon

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.16, from 1.11 in 2017Q2. It fall, as 41 investors sold WFT shares while 94 reduced holdings. 39 funds opened positions while 89 raised stakes. 1.10 billion shares or 1.67% more from 1.09 billion shares in 2017Q2 were reported. Moreover, Prelude Cap Mgmt Limited Liability Corp has 0.01% invested in Weatherford International plc (NYSE:WFT). Gmt Capital owns 2.77M shares. Aviva Public Ltd has 0.01% invested in Weatherford International plc (NYSE:WFT). 2,000 are owned by Pathstone Family Office Limited Liability Corp. Cambridge Invest Rech Advsr, a Iowa-based fund reported 12,364 shares. Amg National Natl Bank holds 0.04% of its portfolio in Weatherford International plc (NYSE:WFT) for 132,633 shares. Stifel Finance Corp holds 0.03% in Weatherford International plc (NYSE:WFT) or 1.58M shares. Northern Mngmt Ltd accumulated 494,275 shares or 0.7% of the stock. Credit Suisse Ag has 0% invested in Weatherford International plc (NYSE:WFT) for 1.07 million shares. Huntington Commercial Bank reported 100 shares. Moreover, Rhumbline Advisers has 0.01% invested in Weatherford International plc (NYSE:WFT). Moreover, California Public Employees Retirement System has 0.02% invested in Weatherford International plc (NYSE:WFT) for 3.01M shares. Penn Management Co Inc has invested 0.01% in Weatherford International plc (NYSE:WFT). Gabelli & Investment Advisers stated it has 0.03% of its portfolio in Weatherford International plc (NYSE:WFT). World Asset Mngmt has invested 0.01% of its portfolio in Weatherford International plc (NYSE:WFT).

Poplar Forest Capital Llc increased its stake in Weatherford Intl Plc (WFT) by 20.4% based on its latest 2017Q3 regulatory filing with the SEC. Poplar Forest Capital Llc bought 1.11 million shares as the company’s stock declined 8.25% while stock markets rallied. The institutional investor held 6.57M shares of the metal fabrications company at the end of 2017Q3, valued at $30.09M, up from 5.46 million at the end of the previous reported quarter. Poplar Forest Capital Llc who had been investing in Weatherford Intl Plc for a number of months, seems to be bullish on the $2.85 billion market cap company. The stock decreased 0.69% or $0.02 during the last trading session, reaching $2.87. About 22.49 million shares traded. Weatherford International plc (NYSE:WFT) has risen 2.15% since February 12, 2017 and is uptrending. It has underperformed by 14.55% the S&P500.

Poplar Forest Capital Llc, which manages about $919.26 million and $1.15 billion US Long portfolio, decreased its stake in Ralph Lauren Corp (NYSE:RL) by 41,327 shares to 173,002 shares, valued at $15.27M in 2017Q3, according to the filing.

More recent Weatherford International plc (NYSE:WFT) news were published by: Reuters.com which released: “UPDATE 1-Oilfield service firm Weatherford posts big loss; shares dive” on February 02, 2018. Also Seekingalpha.com published the news titled: “Weatherford International’s (WFT) CEO Mark McCollum on Q4 2017 Results …” on February 02, 2018. Nasdaq.com‘s news article titled: “Weatherford (WFT) Misses on Earnings and Revenues in Q4” with publication date: February 05, 2018 was also an interesting one.

Weatherford International plc (NYSE:WFT) Ratings Coverage

Among 34 analysts covering Weatherford International Ltd. (NYSE:WFT), 27 have Buy rating, 1 Sell and 6 Hold. Therefore 79% are positive. Weatherford International Ltd. had 112 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Monday, February 5. The rating was upgraded by Goldman Sachs on Friday, March 11 to “Buy”. The rating was maintained by Credit Suisse with “Outperform” on Friday, September 4. Bernstein downgraded Weatherford International plc (NYSE:WFT) on Thursday, July 6 to “Market Perform” rating. The firm has “Overweight” rating given on Monday, August 7 by Morgan Stanley. The rating was downgraded by Jefferies to “Hold” on Friday, January 27. Howard Weil maintained Weatherford International plc (NYSE:WFT) on Friday, February 5 with “Sector Perform” rating. The rating was upgraded by Barclays Capital to “Overweight” on Monday, June 6. Seaport Global upgraded the stock to “Buy” rating in Friday, May 6 report. Citigroup downgraded it to “Hold” rating and $4.2 target in Monday, November 6 report.

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