Schneider Capital Management Corp maintained its stake in shares of Willbros Group, Inc. (NYSE:WG) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,334,477 shares of the oil and gas company’s stock at the end of the 2nd quarter. Willbros Group comprises about 1.1% of Schneider Capital Management Corp’s investment portfolio, making the stock its 28th biggest position. Schneider Capital Management Corp owned approximately 3.69% of Willbros Group worth $5,766,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of WG. Vanguard Group Inc. lifted its position in Willbros Group by 13.6% during the second quarter. Vanguard Group Inc. now owns 1,746,918 shares of the oil and gas company’s stock worth $4,315,000 after acquiring an additional 209,441 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in Willbros Group during the second quarter worth approximately $513,000. Dimensional Fund Advisors LP lifted its position in Willbros Group by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,455,337 shares of the oil and gas company’s stock worth $6,065,000 after acquiring an additional 191,019 shares during the last quarter. Royce & Associates LP lifted its position in Willbros Group by 9.9% during the first quarter. Royce & Associates LP now owns 1,632,409 shares of the oil and gas company’s stock worth $4,473,000 after acquiring an additional 147,500 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Willbros Group by 72.6% during the first quarter. TIAA CREF Investment Management LLC now owns 295,575 shares of the oil and gas company’s stock worth $810,000 after acquiring an additional 124,316 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.
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Willbros Group, Inc. (NYSE WG) traded down 0.4768% during midday trading on Thursday, hitting $3.2146. 43,693 shares of the stock were exchanged. The firm’s market capitalization is $203.49 million. Willbros Group, Inc. has a 1-year low of $1.42 and a 1-year high of $3.84. The firm’s 50-day moving average price is $2.78 and its 200 day moving average price is $2.52.
Willbros Group (NYSE:WG) last announced its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The company had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $193.61 million. Willbros Group had a negative net margin of 6.17% and a negative return on equity of 31.89%. Willbros Group’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. Analysts expect that Willbros Group, Inc. will post ($0.23) earnings per share for the current fiscal year.
WG has been the subject of a number of analyst reports. ValuEngine downgraded shares of Willbros Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of Willbros Group from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Credit Suisse Group lifted their price target on shares of Willbros Group from $1.25 to $1.35 and gave the company an “underperformer” rating in a research report on Wednesday, August 16th.
About Willbros Group
Willbros Group, Inc is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development services. The Company operates through three segments: Oil & Gas, Utility T&D and Canada. The Company provides services through operating subsidiaries.
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