Mackenzie Financial Corp Buys 140 Shares of Weatherford International plc (NASDAQ:WFRD)

Mackenzie Financial Corp boosted its stake in Weatherford International plc (NASDAQ:WFRD) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,497 shares of the company’s stock after purchasing an additional 140 shares during the period. Mackenzie Financial Corp’s holdings in Weatherford International were worth $440,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WFRD. Huntington National Bank purchased a new position in shares of Weatherford International during the 3rd quarter worth $30,000. New York State Teachers Retirement System boosted its stake in shares of Weatherford International by 14.9% during the 4th quarter. New York State Teachers Retirement System now owns 74,676 shares of the company’s stock worth $7,306,000 after acquiring an additional 9,705 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Weatherford International by 287.1% during the 4th quarter. SG Americas Securities LLC now owns 24,715 shares of the company’s stock worth $2,418,000 after acquiring an additional 18,330 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Weatherford International during the 4th quarter worth $1,986,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Weatherford International by 1,564.7% during the 3rd quarter. Principal Financial Group Inc. now owns 281,174 shares of the company’s stock worth $25,398,000 after acquiring an additional 264,284 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Insiders Place Their Bets

In other Weatherford International news, Director Benjamin Duster sold 12,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $96.98, for a total value of $1,163,760.00. Following the sale, the director now owns 12,801 shares in the company, valued at approximately $1,241,440.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Benjamin Duster sold 12,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $96.98, for a total value of $1,163,760.00. Following the sale, the director now directly owns 12,801 shares in the company, valued at approximately $1,241,440.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Desmond J. Mills sold 11,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $98.04, for a total transaction of $1,078,440.00. Following the completion of the sale, the chief accounting officer now owns 18,211 shares in the company, valued at $1,785,406.44. The disclosure for this sale can be found here. Insiders have sold a total of 145,455 shares of company stock worth $14,863,464 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Weatherford International Stock Up 3.5 %

WFRD opened at $127.97 on Friday. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.73. Weatherford International plc has a fifty-two week low of $55.81 and a fifty-two week high of $129.70. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.37 and a current ratio of 2.72. The firm’s fifty day moving average is $113.86 and its 200 day moving average is $100.75.

Weatherford International (NASDAQ:WFRD) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. On average, sell-side analysts forecast that Weatherford International plc will post 6.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of Weatherford International from $180.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore ISI lifted their price target on shares of Weatherford International from $130.00 to $151.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays lifted their price target on shares of Weatherford International from $135.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday. TheStreet upgraded shares of Weatherford International from a “c” rating to a “b” rating in a research note on Monday, March 11th. Finally, Raymond James lifted their target price on shares of Weatherford International from $134.00 to $152.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 16th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Weatherford International currently has a consensus rating of “Buy” and an average target price of $136.89.

About Weatherford International

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.