1 week Ago By ABMN Staff
Pictet Asset Management Holding SA increased its stake in Weatherford International plc ( NASDAQ:WFRD – Free Report ) by 3.7% in the fourth quarter, Holdings Channel.com reports.
The institutional investor owned 10,616 shares of the company’s stock after purchasing an additional 383 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Weatherford International were worth $760,000 as of its most recent SEC filing. Other hedge funds have also modified their holdings of the company.
Lindbrook Capital LLC boosted its holdings in Weatherford International by 130.8% in the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock worth $26,000 after acquiring an additional 204 shares during the period.
Zions Bancorporation N.A. purchased a new position in shares of Weatherford International in the fourth quarter valued at $29,000.
R Squared Ltd acquired a new stake in Weatherford International during the 4th quarter valued at $36,000. Blue Trust Inc. grew its holdings in Weatherford International by 643.
0% during the 4th quarter. Blue Trust Inc. now owns 1,278 shares of the company’s stock valued at $92,000 after purchasing an additional 1,106 shares in the last quarter.
Finally, Venturi Wealth Management LLC increased its stake in Weatherford International by 11,606.3% during the 4th quarter. Venturi Wealth Management LLC now owns 1,873 shares of the company’s stock worth $134,000 after buying an additional 1,857 shares during the period.
97.23% of the stock is currently owned by hedge funds and other institutional investors. Weatherford International Stock Performance Weatherford International stock opened at $40.
74 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.
01 and a quick ratio of 1.49. Weatherford International plc has a 12 month low of $36.
74 and a 12 month high of $135.00. The company has a fifty day moving average price of $59.
29 and a two-hundred day moving average price of $72.91. The company has a market cap of $2.
97 billion, a PE ratio of 6.06, a P/E/G ratio of 1.65 and a beta of 0.
70. Weatherford International Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, February 21st were issued a $0.
25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.
45%. The ex-dividend date was Friday, February 21st. Weatherford International’s dividend payout ratio (DPR) is 14.
88%. Insider Activity at Weatherford International In other news, EVP Depinder Sandhu sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $66.
41, for a total transaction of $929,740.00. Following the completion of the transaction, the executive vice president now directly owns 8,892 shares in the company, valued at approximately $590,517.
72. The trade was a 61.16 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction that occurred on Wednesday, January 29th.
The stock was sold at an average price of $66.17, for a total value of $2,944,895.85.
Following the completion of the transaction, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at $8,272,507.23. This trade represents a 26.
25 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 87,930 shares of company stock worth $5,861,718 in the last 90 days.
1.60% of the stock is currently owned by company insiders. Analyst Upgrades and Downgrades Several analysts have recently weighed in on the company.
Raymond James lowered their target price on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th.
Barclays lowered their price objective 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 reduced their target price on Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, December 20th.
The Goldman Sachs Group downgraded shares of Weatherford International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $132.00 to $98.00 in a research report on Friday, December 13th.
Finally, Piper Sandler cut their price target on shares of Weatherford International from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Monday, February 10th.
Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $106.75.
Check Out Our Latest Stock Analysis 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. Featured Stories 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.com's FREE daily email newsletter .
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