Weatherford International plc (NASDAQ:WFRD) Stock Holdings Lifted by Barclays PLC

Barclays PLC lifted its holdings in shares of Weatherford International plc (NASDAQ:WFRD) by 59.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,349 shares of the company’s stock after buying an additional 11,680 shares during the period. Barclays PLC’s holdings in Weatherford International were worth $2,663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Weatherford International by 364.9% during the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company’s stock valued at $30,000 after purchasing an additional 281 shares during the last quarter. nVerses Capital LLC acquired a new stake in Weatherford International in the third quarter worth $34,000. Millburn Ridgefield Corp acquired a new stake in Weatherford International in the third quarter worth $42,000. Fifth Third Bancorp boosted its holdings in shares of 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 acquiring an additional 85 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of 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 acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on WFRD. 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 research report on Thursday, October 24th. Bank of America reduced their price objective on Weatherford International from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Citigroup lowered 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. Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Weatherford International in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group lowered Weatherford International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $132.00 to $98.00 in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

Weatherford International Price Performance

NASDAQ:WFRD opened at $68.07 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $81.46 and its 200 day moving average price is $98.45. Weatherford International plc has a 52-week low of $66.23 and a 52-week high of $135.00. The firm has a market cap of $4.95 billion, a P/E ratio of 9.56, a PEG ratio of 0.64 and a beta of 0.58.

Weatherford International (NASDAQ:WFRD) last released its earnings results on Tuesday, October 22nd. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.41. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Weatherford International had a net margin of 9.65% and a return on equity of 46.25%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. As a group, sell-side analysts predict that Weatherford International plc will post 6.85 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

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

Insider Transactions at Weatherford International

In related news, CAO Desmond J. Mills sold 6,531 shares of Weatherford International stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the transaction, the chief accounting officer now owns 11,680 shares of the company’s stock, valued at approximately $932,764.80. This trade represents a 35.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by 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.