Nisa Investment Advisors LLC Acquires 1,401 Shares of Weatherford International plc (NASDAQ:WFRD)

Nisa Investment Advisors LLC boosted its holdings in shares of Weatherford International plc (NASDAQ:WFRD) by 63.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,607 shares of the company’s stock after acquiring an additional 1,401 shares during the period. Nisa Investment Advisors LLC’s holdings in Weatherford International were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WFRD. New York State Teachers Retirement System lifted its holdings in shares of Weatherford International by 14.9% in the fourth quarter. New York State Teachers Retirement System now owns 74,676 shares of the company’s stock valued at $7,306,000 after purchasing an additional 9,705 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Weatherford International by 304.6% in the fourth quarter. Fifth Third Bancorp now owns 611 shares of the company’s stock valued at $60,000 after purchasing an additional 460 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Weatherford International in the fourth quarter valued at about $27,000. Legato Capital Management LLC lifted its holdings in shares of Weatherford International by 15.7% in the fourth quarter. Legato Capital Management LLC now owns 21,647 shares of the company’s stock valued at $2,118,000 after purchasing an additional 2,945 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Weatherford International by 287.1% in the fourth quarter. SG Americas Securities LLC now owns 24,715 shares of the company’s stock valued at $2,418,000 after purchasing an additional 18,330 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Weatherford International news, EVP Scott C. Weatherholt sold 40,455 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was 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 owns 125,019 shares of the company’s stock, valued at $12,365,629.29. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Benjamin Duster sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $96.98, for a total value of $1,163,760.00. Following the transaction, the director now owns 12,801 shares of the company’s stock, valued at $1,241,440.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott C. Weatherholt sold 40,455 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $98.91, for a total value of $4,001,404.05. Following the completion of the transaction, the executive vice president now directly owns 125,019 shares in the company, valued at approximately $12,365,629.29. The disclosure for this sale can be found here. Insiders have sold a total of 135,455 shares of company stock valued at $13,628,764 over the last 90 days. 2.20% of the stock is currently owned by insiders.

Weatherford International Price Performance

Shares of NASDAQ WFRD opened at $110.93 on Friday. The business’s 50 day moving average price is $111.26 and its two-hundred day moving average price is $99.41. The company has a market cap of $8.02 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 0.90 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.79 and a debt-to-equity ratio of 1.86. Weatherford International plc has a twelve month low of $55.81 and a twelve month high of $127.45.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.48. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Weatherford International had a return on equity of 56.68% and a net margin of 8.12%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 earnings per share. On average, analysts predict that Weatherford International plc will post 6.73 EPS for the current year.

Analysts Set New Price Targets

WFRD has been the topic of a number of research reports. Bank of America boosted their price target on Weatherford International from $123.00 to $135.00 and gave the company a “buy” rating in a report on Monday. Barclays assumed coverage on Weatherford International in a report on Wednesday, February 28th. They issued an “overweight” rating and a $135.00 price target on the stock. Benchmark lifted their target price on Weatherford International from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Piper Sandler lifted their target price on Weatherford International from $138.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Raymond James lifted their target price on Weatherford International from $134.00 to $152.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $131.00.

Weatherford International Profile

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.