Yousif Capital Management LLC Has $1.83 Million Stock Position in Weatherford International plc (NASDAQ:WFRD)

Yousif Capital Management LLC decreased its position in Weatherford International plc (NASDAQ:WFRD) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,494 shares of the company’s stock after selling 1,275 shares during the quarter. Yousif Capital Management LLC’s holdings in Weatherford International were worth $1,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WFRD. Truist Financial Corp grew its stake in shares of Weatherford International by 29.4% in the 2nd quarter. Truist Financial Corp now owns 4,481 shares of the company’s stock valued at $549,000 after purchasing an additional 1,017 shares during the period. GAMMA Investing LLC raised its position in Weatherford International by 36.9% in the 3rd quarter. GAMMA Investing LLC now owns 523 shares of the company’s stock worth $44,000 after purchasing an additional 141 shares during the last quarter. CWM LLC increased its position in Weatherford International by 405.4% in the third quarter. CWM LLC now owns 2,790 shares of the company’s stock worth $237,000 after purchasing an additional 2,238 shares during the period. nVerses Capital LLC acquired a new position in Weatherford International in the third quarter valued at approximately $34,000. Finally, Net Worth Advisory Group acquired a new stake in shares of Weatherford International during the third quarter worth $233,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Weatherford International Trading Down 0.9 %

Shares of WFRD stock opened at $67.29 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.80. Weatherford International plc has a fifty-two week low of $60.45 and a fifty-two week high of $135.00. The company has a market cap of $4.89 billion, a PE ratio of 10.01, a P/E/G ratio of 1.48 and a beta of 0.60. The stock’s fifty day moving average price is $71.01 and its two-hundred day moving average price is $85.17.

Weatherford International (NASDAQ:WFRD) last posted its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. Equities analysts predict that Weatherford International plc will post 6.14 EPS for the current fiscal year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, February 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.49%. Weatherford International’s payout ratio is 14.88%.

Insider Activity at Weatherford International

In other Weatherford International news, EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction on Monday, January 6th. The shares were 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 approximately $807,179.94. The trade was a 30.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold 92,692 shares of company stock worth $6,207,725 over the last ninety days. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays decreased their price target on shares of Weatherford International from $147.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Evercore ISI reduced their price target on Weatherford International from $149.00 to $142.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. 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. Piper Sandler cut their target price on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Benchmark lowered their price objective on Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.25.

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.