Hancock Whitney Corp Has $1.80 Million Position in Weatherford International plc (NASDAQ:WFRD)

Hancock Whitney Corp grew its holdings in Weatherford International plc (NASDAQ:WFRD) by 42.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,710 shares of the company’s stock after buying an additional 4,396 shares during the quarter. Hancock Whitney Corp’s holdings in Weatherford International were worth $1,801,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on WFRD. Benchmark reiterated a “buy” rating and issued a $155.00 price target on shares of Weatherford International in a report on Wednesday, July 24th. Barclays raised their target price on shares of Weatherford International from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Bank of America boosted their price target on shares of Weatherford International from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Raymond James reduced their price objective 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. 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.com, the company presently has a consensus rating of “Buy” and a consensus price target of $153.88.

Insider Activity

In related news, EVP David John Reed sold 6,805 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Weatherford International Stock Up 2.6 %

Shares of NASDAQ WFRD opened at $95.77 on Friday. Weatherford International plc has a 52-week low of $82.16 and a 52-week high of $135.00. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.47 and a current ratio of 1.99. The stock has a market cap of $7.01 billion, a P/E ratio of 15.50, a P/E/G ratio of 0.66 and a beta of 0.61. The firm has a 50 day moving average price of $107.17 and a 200 day moving average price of $114.57.

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

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.25 per share. 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 dividend 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.