Charles Schwab Investment Management Inc. Has $81.48 Million Holdings in Weatherford International plc (NASDAQ:WFRD)

Charles Schwab Investment Management Inc. lifted its position in shares of Weatherford International plc (NASDAQ:WFRDFree Report) by 22.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 902,018 shares of the company’s stock after buying an additional 167,622 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.25% of Weatherford International worth $81,479,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Weatherford International by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 28,612 shares of the company’s stock worth $1,900,000 after buying an additional 178 shares during the period. American International Group Inc. grew its holdings in Weatherford International by 0.5% in the second quarter. American International Group Inc. now owns 34,297 shares of the company’s stock worth $2,278,000 after purchasing an additional 179 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Weatherford International by 3.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,884 shares of the company’s stock worth $391,000 after purchasing an additional 207 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Weatherford International by 3.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,120 shares of the company’s stock worth $606,000 after purchasing an additional 272 shares during the period. Finally, Covestor Ltd grew its holdings in Weatherford International by 557.1% in the second quarter. Covestor Ltd now owns 368 shares of the company’s stock worth $25,000 after purchasing an additional 312 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Weatherford International from $101.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Piper Sandler raised their price target on shares of Weatherford International from $116.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Raymond James raised their price target on shares of Weatherford International from $110.00 to $127.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 26th. Bank of America assumed coverage on shares of Weatherford International in a report on Friday, November 10th. They set a “buy” rating and a $120.00 price objective for the company. Finally, TheStreet cut shares of Weatherford International from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $111.50.

Get Our Latest Stock Analysis on WFRD

Weatherford International Stock Up 1.0 %

Shares of NASDAQ WFRD opened at $97.62 on Tuesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.79 and a quick ratio of 1.37. The company has a 50-day moving average price of $93.15 and a 200-day moving average price of $91.75. Weatherford International plc has a 1 year low of $51.46 and a 1 year high of $102.64. The stock has a market capitalization of $7.06 billion, a P/E ratio of 17.28 and a beta of 0.70.

Weatherford International (NASDAQ:WFRDGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.48. Weatherford International had a net margin of 8.12% and a return on equity of 56.68%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm earned $1.12 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts forecast that Weatherford International plc will post 6.61 EPS for the current fiscal year.

Insider Activity at Weatherford International

In related news, Director Benjamin Duster sold 12,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the transaction, the director now directly owns 12,801 shares of the company’s stock, valued at $1,241,440.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Scott C. Weatherholt sold 40,455 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $98.91, for a total transaction of $4,001,404.05. Following the transaction, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at $12,365,629.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin Duster sold 12,000 shares of Weatherford International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $96.98, for a total transaction of $1,163,760.00. Following the completion of the sale, the director now directly owns 12,801 shares in the company, valued at approximately $1,241,440.98. The disclosure for this sale can be found here. Insiders have sold 92,526 shares of company stock valued at $8,949,418 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

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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Institutional Ownership by Quarter for Weatherford International (NASDAQ:WFRD)

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