Weatherford International plc (NASDAQ:WFRD) Stock Position Decreased by Stifel Financial Corp

Stifel Financial Corp trimmed its position in shares of Weatherford International plc (NASDAQ:WFRD) by 70.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,768 shares of the company’s stock after selling 18,882 shares during the quarter. Stifel Financial Corp’s holdings in Weatherford International were worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in WFRD. 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 acquiring an additional 281 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Weatherford International during the 3rd quarter valued at $34,000. Millburn Ridgefield Corp acquired a new stake in shares of Weatherford International in the 3rd quarter valued at $42,000. GAMMA Investing LLC increased its position in Weatherford International by 36.9% during the third quarter. GAMMA Investing LLC now owns 523 shares of the company’s stock worth $44,000 after buying an additional 141 shares during the last quarter. Finally, Park Place Capital Corp raised its holdings in Weatherford International by 1,516.2% during the third quarter. Park Place Capital Corp now owns 598 shares of the company’s stock valued at $51,000 after buying an additional 561 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Performance

NASDAQ:WFRD opened at $68.07 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 firm’s 50-day moving average is $80.54 and its 200-day moving average is $97.92. Weatherford International plc has a 52-week low of $66.23 and a 52-week high of $135.00. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.64 and a beta of 0.58.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.41. The company 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%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.66 EPS. Equities research analysts anticipate that Weatherford International plc will post 6.85 earnings per share for the current year.

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.47%. Weatherford International’s dividend payout ratio is currently 14.04%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WFRD. Evercore ISI lowered their price objective on Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Bank of America lowered their price target on Weatherford International from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a research note on Thursday, October 24th. Piper Sandler assumed coverage on shares of Weatherford International in a report on Thursday, December 19th. They set a “neutral” rating and a $87.00 price objective for the company. Finally, Citigroup dropped their target price on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.25.

Insider Buying and Selling at Weatherford International

In other news, CAO Desmond J. Mills sold 6,531 shares of the company’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 sale, the chief accounting officer now directly owns 11,680 shares in the company, valued at approximately $932,764.80. This represents a 35.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

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.