XTX Topco Ltd Raises Holdings in Weatherford International plc (NASDAQ:WFRD)

XTX Topco Ltd grew its stake in Weatherford International plc (NASDAQ:WFRD) by 274.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,682 shares of the company’s stock after buying an additional 7,827 shares during the quarter. XTX Topco Ltd’s holdings in Weatherford International were worth $1,308,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WFRD. Parallel Advisors LLC raised its holdings in Weatherford International by 189.0% in the fourth quarter. Parallel Advisors LLC now owns 289 shares of the company’s stock valued at $28,000 after acquiring an additional 189 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Weatherford International by 539.1% in the 4th quarter. Quadrant Capital Group LLC now owns 294 shares of the company’s stock valued at $29,000 after purchasing an additional 248 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Weatherford International during the 1st quarter worth $29,000. Fidelis Capital Partners LLC purchased a new stake in shares of Weatherford International during the 1st quarter worth $33,000. Finally, Rise Advisors LLC acquired a new position in shares of Weatherford International during the first quarter worth $34,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WFRD. Bank of America raised their price target on Weatherford International from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Barclays boosted their target price on Weatherford International from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Raymond James dropped their price target on shares of Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a research note on Thursday, July 25th. Finally, Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Weatherford International in a research report on Wednesday, July 24th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $153.88.

Weatherford International Price Performance

WFRD stock opened at $95.77 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $7.01 billion, a P/E ratio of 15.50, a PEG ratio of 0.66 and a beta of 0.61. The business has a 50 day simple moving average of $107.81 and a 200-day simple moving average of $114.64. Weatherford International plc has a twelve month low of $82.16 and a twelve month high of $135.00.

Weatherford International (NASDAQ:WFRD) last announced its earnings results on Tuesday, July 23rd. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.08). Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company posted $1.12 earnings per share. Weatherford International’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Weatherford International plc will post 6.81 EPS for the current year.

Weatherford International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, August 13th. Weatherford International’s payout ratio is currently 16.18%.

Weatherford International Profile

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.