SG Americas Securities LLC Sells 551 Shares of Weatherford International plc (NASDAQ:WFRD)

SG Americas Securities LLC trimmed its position in shares of Weatherford International plc (NASDAQ:WFRD) by 9.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,281 shares of the company’s stock after selling 551 shares during the quarter. SG Americas Securities LLC’s holdings in Weatherford International were worth $378,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Viking Fund Management LLC boosted its holdings in shares of Weatherford International by 23.8% in the fourth quarter. Viking Fund Management LLC now owns 26,000 shares of the company’s stock worth $1,862,000 after buying an additional 5,000 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Weatherford International in the fourth quarter worth $157,000. Everence Capital Management Inc. bought a new stake in Weatherford International in the fourth quarter worth $293,000. Retirement Systems of Alabama boosted its stake in Weatherford International by 94.2% during the third quarter. Retirement Systems of Alabama now owns 175,369 shares of the company’s stock worth $14,892,000 after buying an additional 85,080 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Weatherford International by 63.3% during the third quarter. Franklin Resources Inc. now owns 461,790 shares of the company’s stock valued at $43,007,000 after purchasing an additional 179,064 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WFRD shares. Piper Sandler started coverage on Weatherford International in a report on Thursday, December 19th. They issued a “neutral” rating and a $87.00 price objective for the company. Evercore ISI cut their price objective on shares of Weatherford International from $149.00 to $142.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays cut their price objective on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Citigroup dropped their target price on Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Benchmark reiterated a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

Weatherford International Trading Up 1.4 %

Shares of NASDAQ:WFRD opened at $63.84 on Tuesday. Weatherford International plc has a 1 year low of $60.45 and a 1 year high of $135.00. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.61. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49. The business’s 50 day moving average price is $73.01 and its 200-day moving average price is $87.67.

Insider Activity at Weatherford International

In other Weatherford International news, EVP David John Reed sold 4,762 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $72.66, for a total value of $346,006.92. Following the completion of the sale, the executive vice president now directly owns 11,109 shares of the company’s stock, valued at $807,179.94. This trade represents a 30.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total value of $2,944,895.85. Following the completion of the sale, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at $8,272,507.23. This trade represents a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

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.