Weatherford International plc (NASDAQ:WFRD) Shares Acquired by Cwm LLC

Cwm LLC increased its holdings in shares of Weatherford International plc (NASDAQ:WFRD) by 405.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,790 shares of the company’s stock after buying an additional 2,238 shares during the quarter. Cwm LLC’s holdings in Weatherford International were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Fifth Third Bancorp raised its position in Weatherford International by 31.0% during 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. Mitsubishi UFJ Trust & Banking Corp grew its stake in Weatherford International by 8.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,585 shares of the company’s stock valued at $188,000 after purchasing an additional 120 shares in the last quarter. Oliver Luxxe Assets LLC grew its stake in Weatherford International by 1.1% in the first quarter. Oliver Luxxe Assets LLC now owns 11,324 shares of the company’s stock valued at $1,307,000 after purchasing an additional 125 shares in the last quarter. GAMMA Investing LLC grew 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 purchasing an additional 128 shares in the last quarter. Finally, Covestor Ltd grew its stake in Weatherford International by 23.4% in the first quarter. Covestor Ltd now owns 918 shares of the company’s stock valued at $106,000 after purchasing an additional 174 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Weatherford International Stock Performance

WFRD opened at $83.97 on Wednesday. The stock has a 50-day moving average of $95.47 and a 200-day moving average of $110.88. Weatherford International plc has a 52-week low of $82.16 and a 52-week high of $135.00. The company has a market cap of $6.14 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.87 and a beta of 0.58. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.47 and a current ratio of 1.99.

Weatherford International (NASDAQ:WFRD) last announced its earnings results on Tuesday, July 23rd. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.08). Weatherford International had a net margin of 9.19% and a return on equity of 49.69%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company earned $1.12 EPS. Weatherford International’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that Weatherford International plc will post 6.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on WFRD. Benchmark restated a “buy” rating and issued a $155.00 target price on shares of Weatherford International in a research note on Wednesday, July 24th. Barclays lowered their target price on Weatherford International from $165.00 to $154.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Raymond James lowered their target price on Weatherford International from $161.00 to $158.00 and set a “strong-buy” rating on the stock in a research note on Thursday, July 25th. Citigroup decreased their price target on Weatherford International from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, Bank of America decreased their price target on Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $146.88.

Insider Activity at Weatherford International

In related news, EVP David John Reed sold 6,805 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.