Weatherford International plc (NASDAQ:WFRD) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its holdings in shares of Weatherford International plc (NASDAQ:WFRD) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,293 shares of the company’s stock after purchasing an additional 210 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Weatherford International were worth $648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WFRD. Wallace Advisory Group LLC acquired a new position in shares of Weatherford International during the 2nd quarter valued at about $244,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Weatherford International by 12.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,032 shares of the company’s stock valued at $861,000 after acquiring an additional 780 shares during the last quarter. Creative Planning boosted its position in shares of Weatherford International by 12.2% during the 2nd quarter. Creative Planning now owns 10,312 shares of the company’s stock valued at $1,263,000 after acquiring an additional 1,120 shares during the last quarter. Algert Global LLC acquired a new position in shares of Weatherford International during the 2nd quarter valued at about $912,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Weatherford International during the 2nd quarter valued at about $20,584,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insiders Place Their Bets

In other news, EVP David John Reed sold 6,805 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WFRD. Raymond James lowered 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 report on Thursday, July 25th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a report on Wednesday, July 24th. Barclays boosted their price objective on shares of Weatherford International from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Citigroup reduced their price objective on shares of Weatherford International from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Finally, Bank of America boosted their price objective on shares of Weatherford International from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 15th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Weatherford International currently has an average rating of “Buy” and an average price target of $150.75.

Weatherford International Stock Up 2.0 %

Shares of NASDAQ:WFRD opened at $91.60 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.99 and a quick ratio of 1.47. The firm has a market capitalization of $6.70 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The firm’s 50-day moving average is $99.33 and its two-hundred day moving average is $113.08. Weatherford International plc has a 1 year low of $82.16 and a 1 year high of $135.00.

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

Weatherford International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. Weatherford International’s dividend payout ratio (DPR) is presently 16.18%.

About Weatherford International

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.