Weatherford International plc (NASDAQ:WFRD) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp increased its position in Weatherford International plc (NASDAQ:WFRD) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,266 shares of the company’s stock after buying an additional 4,669 shares during the quarter. King Luther Capital Management Corp owned about 0.13% of Weatherford International worth $11,543,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in Weatherford International by 26.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 949 shares of the company’s stock valued at $116,000 after acquiring an additional 200 shares during the last quarter. XTX Topco Ltd lifted its stake in Weatherford International by 274.2% during the second quarter. XTX Topco Ltd now owns 10,682 shares of the company’s stock valued at $1,308,000 after purchasing an additional 7,827 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Weatherford International by 2,374.4% during the second quarter. Hsbc Holdings PLC now owns 43,871 shares of the company’s stock worth $5,420,000 after buying an additional 42,098 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Weatherford International by 7.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,844 shares of the company’s stock worth $716,000 after buying an additional 416 shares in the last quarter. Finally, Amalgamated Bank grew its position in Weatherford International by 20.6% in the second quarter. Amalgamated Bank now owns 45,660 shares of the company’s stock worth $5,591,000 after buying an additional 7,784 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Weatherford International Trading Up 2.6 %

Shares of NASDAQ WFRD opened at $95.77 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.47 and a debt-to-equity ratio of 1.31. Weatherford International plc has a one year low of $82.16 and a one year high of $135.00. The business has a 50-day moving average price of $107.81 and a two-hundred day moving average price of $114.64. The firm has a market capitalization of $7.01 billion, a PE ratio of 15.50, a PEG ratio of 0.66 and a beta of 0.61.

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

Weatherford International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, August 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Tuesday, August 13th. Weatherford International’s dividend payout ratio (DPR) is presently 16.18%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WFRD. Raymond James reduced their price objective on Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 25th. Barclays increased their price target on Weatherford International from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Weatherford International in a report on Wednesday, July 24th. Finally, Bank of America raised their target price on shares of Weatherford International from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Weatherford International currently has a consensus rating of “Buy” and a consensus target price of $153.88.

Insider Buying and Selling

In related news, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.