GSA Capital Partners LLP Has $445,000 Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

GSA Capital Partners LLP lessened its position in shares of Weatherford International plc (NASDAQ:WFRD) by 76.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,238 shares of the company’s stock after selling 16,724 shares during the quarter. GSA Capital Partners LLP’s holdings in Weatherford International were worth $445,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in shares of Weatherford International during the first quarter valued at $29,000. Farther Finance Advisors LLC lifted its stake in Weatherford International by 364.9% in the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock valued at $30,000 after buying an additional 281 shares during the period. Fifth Third Bancorp lifted its stake in Weatherford International by 31.0% in the second quarter. Fifth Third Bancorp now owns 359 shares of the company’s stock valued at $44,000 after buying an additional 85 shares during the period. GAMMA Investing LLC lifted its stake in Weatherford International by 50.4% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $47,000 after buying an additional 128 shares during the period. Finally, nVerses Capital LLC acquired a new position in Weatherford International in the third quarter valued at about $34,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insider Buying and Selling at Weatherford International

In other news, CAO Desmond J. Mills sold 6,531 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the completion of the sale, the chief accounting officer now directly owns 11,680 shares of the company’s stock, valued at $932,764.80. This trade represents a 35.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David John Reed sold 6,805 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on WFRD shares. Bank of America cut their target price on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research note on Thursday, October 24th. Barclays cut their target price on Weatherford International from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Citigroup lowered their price target on Weatherford International from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Evercore ISI lowered their price target on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $147.29.

Weatherford International Stock Up 0.1 %

NASDAQ:WFRD opened at $82.43 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. The company has a market cap of $5.99 billion, a PE ratio of 11.58, a PEG ratio of 0.70 and a beta of 0.60. Weatherford International plc has a 52-week low of $77.00 and a 52-week high of $135.00. The stock has a 50-day simple moving average of $87.18 and a 200 day simple moving average of $105.24.

Weatherford International (NASDAQ:WFRD) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.41. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. Weatherford International’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. On average, sell-side analysts expect that Weatherford International plc will post 6.91 EPS for the current fiscal year.

Weatherford International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. Weatherford International’s dividend payout ratio is 14.04%.

Weatherford International Company 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.