As Weatherford Intl Plc Ord Shs (WFT) Stock Price Declined, Estabrook Capital Management Decreased Position; Tenaris (TS) Stock Price Rose While Westwood Global Investments Lifted Holding

April 17, 2018 - By Nellie Frank

Weatherford International plc (NYSE:WFT) Logo

Estabrook Capital Management decreased its stake in Weatherford Intl Plc Ord Shs (WFT) by 63.41% based on its latest 2017Q4 regulatory filing with the SEC. Estabrook Capital Management sold 2,600 shares as the company’s stock declined 40.15% with the market. The institutional investor held 1,500 shares of the metal fabrications company at the end of 2017Q4, valued at $6.26M, down from 4,100 at the end of the previous reported quarter. Estabrook Capital Management who had been investing in Weatherford Intl Plc Ord Shs for a number of months, seems to be less bullish one the $2.59 billion market cap company. The stock decreased 1.70% or $0.045 during the last trading session, reaching $2.605. About 5.41 million shares traded. Weatherford International plc (NYSE:WFT) has declined 63.21% since April 17, 2017 and is downtrending. It has underperformed by 74.76% the S&P500.

Westwood Global Investments Llc increased its stake in Tenaris (TS) by 0.17% based on its latest 2017Q4 regulatory filing with the SEC. Westwood Global Investments Llc bought 13,030 shares as the company’s stock rose 7.68% while stock markets declined. The institutional investor held 7.84 million shares of the steel and iron ore company at the end of 2017Q4, valued at $249.68 million, up from 7.82M at the end of the previous reported quarter. Westwood Global Investments Llc who had been investing in Tenaris for a number of months, seems to be bullish on the $21.74B market cap company. The stock decreased 0.27% or $0.1 during the last trading session, reaching $36.75. About 571,120 shares traded. Tenaris S.A. (NYSE:TS) has risen 6.53% since April 17, 2017 and is uptrending. It has underperformed by 5.02% the S&P500.

Estabrook Capital Management, which manages about $1.18 billion and $662.80B US Long portfolio, upped its stake in Merck & Company (NYSE:MRK) by 4,814 shares to 154,269 shares, valued at $8.68 billion in 2017Q4, according to the filing. It also increased its holding in Schlumberger (NYSE:SLB) by 20,083 shares in the quarter, for a total of 131,528 shares, and has risen its stake in Raytheon Co New Com (NYSE:RTN).

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.16, from 0.95 in 2017Q3. It turned negative, as 66 investors sold WFT shares while 97 reduced holdings. 51 funds opened positions while 77 raised stakes. 1.08 billion shares or 2.62% less from 1.10 billion shares in 2017Q3 were reported. Asset Mgmt owns 49,132 shares or 0.01% of their US portfolio. Citadel Advisors Ltd holds 0.02% in Weatherford International plc (NYSE:WFT) or 7.99 million shares. Guardian has invested 0.05% in Weatherford International plc (NYSE:WFT). Timber Hill Limited Liability Corporation reported 0.02% of its portfolio in Weatherford International plc (NYSE:WFT). 491,440 were accumulated by Aviva Public Ltd Co. Boothbay Fund Ltd Liability Corp has 55,825 shares for 0.03% of their portfolio. Harris Associate Lp holds 0.47% or 69.10 million shares. 7,684 were reported by Regions Corporation. Systematic Fin Mngmt Ltd Partnership reported 325,366 shares stake. First Manhattan reported 0% stake. Balyasny Asset Mngmt Limited Liability Corp holds 0.03% of its portfolio in Weatherford International plc (NYSE:WFT) for 2.04 million shares. Manufacturers Life Insur The holds 0% or 31,366 shares in its portfolio. Morgan Stanley accumulated 6.39 million shares. Channing Mngmt Limited Co holds 1.03 million shares. Nuwave Inv Mngmt Ltd Llc accumulated 0.11% or 22,095 shares.

Among 35 analysts covering Weatherford International Ltd. (NYSE:WFT), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Weatherford International Ltd. had 118 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets maintained Weatherford International plc (NYSE:WFT) rating on Wednesday, June 21. BMO Capital Markets has “Buy” rating and $700 target. The stock of Weatherford International plc (NYSE:WFT) has “Buy” rating given on Wednesday, January 18 by SunTrust. Susquehanna upgraded the shares of WFT in report on Tuesday, October 27 to “Positive” rating. On Friday, March 24 the stock rating was initiated by Tudor Pickering with “Buy”. As per Friday, September 4, the company rating was maintained by Credit Suisse. The stock of Weatherford International plc (NYSE:WFT) has “Hold” rating given on Friday, January 27 by Jefferies. Goldman Sachs upgraded the stock to “Buy” rating in Friday, March 11 report. The firm has “Hold” rating by Jefferies given on Friday, September 1. The rating was maintained by Cowen & Co with “Outperform” on Thursday, July 23. The stock of Weatherford International plc (NYSE:WFT) has “Outperform” rating given on Tuesday, February 6 by Credit Suisse.

Tenaris S.A. (NYSE:TS) Ratings Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>