1 week Ago By ABMN Staff
JPMorgan Chase & Co. decreased its holdings in Weatherford International plc ( NASDAQ:WFRD – Free Report ) by 12.3% during the 4th quarter, HoldingsChannel.
com reports. The firm owned 234,367 shares of the company’s stock after selling 32,737 shares during the period. JPMorgan Chase & Co.
’s holdings in Weatherford International were worth $16,788,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Weatherford International in the 3rd quarter valued at about $571,000.
New York Life Investment Management LLC bought a new stake in Weatherford International in the fourth quarter valued at approximately $546,000. Amundi increased its position in Weatherford International by 154.7% during the 4th quarter.
Amundi now owns 38,993 shares of the company’s stock valued at $2,813,000 after purchasing an additional 23,685 shares during the period. William Blair Investment Management LLC raised its holdings in Weatherford International by 9.5% during the 4th quarter.
William Blair Investment Management LLC now owns 500,005 shares of the company’s stock worth $35,815,000 after purchasing an additional 43,182 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Weatherford International in the 4th quarter worth approximately $7,215,000.
97.23% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling In other news, EVP Scott C.
Weatherholt sold 44,505 shares of the stock in a transaction dated 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 owns 125,019 shares in the company, valued at $8,272,507.23.
This represents a 26.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, CFO Arunava Mitra sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were 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.
The trade was a 32.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 87,930 shares of company stock worth $5,861,718 in the last quarter. Insiders own 1.60% of the company’s stock.
Weatherford International Stock Up 7.2 % Weatherford International ( NASDAQ:WFRD – Get Free Report ) last issued 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%.
On average, research analysts expect that Weatherford International plc will post 5.89 earnings per share for the current fiscal year. Weatherford International Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th.
Stockholders of record on Friday, February 21st were given a dividend of $0.25 per share. This represents a $1.
00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, February 21st.
Weatherford International’s payout ratio is presently 14.88%. Wall Street Analyst Weigh In Several research firms recently issued reports on WFRD.
Raymond James dropped their target price on shares of Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating on the stock in a report on Friday, February 7th.
Benchmark dropped their price objective on Weatherford International from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 7th.
Barclays decreased their target price on Weatherford International from $92.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, March 31st.
Citigroup dropped their price target on Weatherford International from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, December 20th.
Finally, Piper Sandler cut their price target on Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, February 10th.
Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Weatherford International has an average rating of “Moderate Buy” and an average price target of $106.
75. Get Our Latest Stock Report on Weatherford International Weatherford International Profile ( 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.
Further Reading Want to see what other hedge funds are holding WFRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weatherford International plc ( NASDAQ:WFRD – Free Report ). Receive News & Ratings for Weatherford International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weatherford International and related companies with MarketBeat.
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