1 week Ago By ABMN Staff
California Public Employees Retirement System lessened its position in shares of Weatherford International plc ( NASDAQ:WFRD – Free Report ) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,031 shares of the company’s stock after selling 4,198 shares during the period.
California Public Employees Retirement System owned approximately 0.19% of Weatherford International worth $9,816,000 at the end of the most recent reporting period. A number of other institutional investors have also recently added to or reduced their stakes in the company.
Lindbrook Capital LLC lifted its stake in shares of Weatherford International by 130.8% in the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock valued at $26,000 after purchasing an additional 204 shares in the last quarter.
Zions Bancorporation N.A. acquired a new position in Weatherford International during the fourth quarter valued at approximately $29,000.
R Squared Ltd purchased a new stake in Weatherford International during the fourth quarter worth approximately $36,000. Blue Trust Inc. increased its position in shares of Weatherford International by 643.
0% in the fourth quarter. Blue Trust Inc. now owns 1,278 shares of the company’s stock worth $92,000 after acquiring an additional 1,106 shares in the last quarter.
Finally, Venturi Wealth Management LLC raised its stake in shares of Weatherford International by 11,606.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,873 shares of the company’s stock valued at $134,000 after acquiring an additional 1,857 shares during the period.
Hedge funds and other institutional investors own 97.23% of the company’s stock. Analysts Set New Price Targets Several brokerages recently issued reports on WFRD.
Barclays lowered their price target on Weatherford International from $92.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, March 31st.
Piper Sandler lowered their target price on Weatherford International from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, February 10th.
The Goldman Sachs Group lowered Weatherford International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $98.00 in a research report on Friday, December 13th.
Benchmark decreased their price target on Weatherford International from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 7th.
Finally, Citigroup reduced their target price on shares of Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, December 20th.
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 company. According to MarketBeat, Weatherford International has a consensus rating of “Moderate Buy” and an average price target of $106.75.
Insiders Place Their Bets In related news, CFO Arunava Mitra sold 10,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $67.57, for a total transaction of $675,700.
00. Following the transaction, the chief financial officer now directly owns 21,072 shares in the company, valued at $1,423,835.04.
This trade represents a 32.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink .
Also, CAO Desmond J. Mills sold 19,425 shares of Weatherford International stock in a transaction on Friday, February 7th. The stock was sold at an average price of $67.
51, for a total transaction of $1,311,381.75. Following the completion of the transaction, the chief accounting officer now directly owns 17,899 shares of the company’s stock, valued at approximately $1,208,361.
49. This represents a 52.04 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold a total of 87,930 shares of company stock valued at $5,861,718 in the last quarter. Insiders own 1.
60% of the company’s stock. Weatherford International Stock Performance Shares of WFRD opened at $39.79 on Monday.
Weatherford International plc has a 52-week low of $36.99 and a 52-week high of $135.00.
The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 1.
26. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 5.
92, a PEG ratio of 1.65 and a beta of 0.70.
The business’s 50 day moving average is $59.85 and its two-hundred day moving average is $73.28.
Weatherford International ( NASDAQ:WFRD – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.
80 by ($0.30). Weatherford International had a net margin of 9.
18% and a return on equity of 40.65%. Analysts forecast that Weatherford International plc will post 5.
89 EPS for the current fiscal year. Weatherford International Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were paid a dividend of $0.
25 per share. This represents a $1.00 annualized dividend and a yield of 2.
51%. The ex-dividend date of this dividend was Friday, February 21st. Weatherford International’s payout ratio is currently 14.
88%. About Weatherford International ( Free Report ) 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.
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