Nomura Asset Management Co. Ltd. Purchases 34,000 Shares of Weatherford International plc (NYSE:WFT)
Nomura Asset Management Co. Ltd. increased its position in Weatherford International plc (NYSE:WFT) by 95.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,500 shares of the oil and gas company’s stock after purchasing an additional 34,000 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Weatherford International were worth $49,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of WFT. Jaffetilchin Investment Partners LLC purchased a new position in shares of Weatherford International during the fourth quarter worth about $26,000. HRT Financial LLC grew its holdings in shares of Weatherford International by 30.5% during the fourth quarter. HRT Financial LLC now owns 51,028 shares of the oil and gas company’s stock worth $28,000 after buying an additional 11,936 shares during the last quarter. Oakbrook Investments LLC purchased a new position in shares of Weatherford International during the first quarter worth about $29,000. Icon Wealth Partners LLC purchased a new position in shares of Weatherford International during the first quarter worth about $33,000. Finally, Western Wealth Management LLC purchased a new position in shares of Weatherford International during the fourth quarter worth about $37,000. 85.48% of the stock is currently owned by institutional investors.
Shares of WFT stock remained flat at $$0.05 during midday trading on Wednesday. 5,104,689 shares of the stock were exchanged, compared to its average volume of 26,278,534. Weatherford International plc has a 52 week low of $0.22 and a 52 week high of $3.75. The firm has a market cap of $53.11 million, a P/E ratio of -0.08 and a beta of 2.11.
About Weatherford International
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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