Weatherford International plc (NASDAQ:WFRD) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Weatherford International plc (NASDAQ:WFRDFree Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,955 shares of the company’s stock after buying an additional 5,781 shares during the quarter. Principal Financial Group Inc. owned about 0.40% of Weatherford International worth $28,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Weatherford International by 12.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,124,495 shares of the company’s stock valued at $110,013,000 after buying an additional 126,482 shares in the last quarter. SCP Investment LP acquired a new stake in shares of Weatherford International during the 4th quarter worth approximately $360,000. Measured Wealth Private Client Group LLC raised its position in shares of Weatherford International by 15.2% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 3,784 shares of the company’s stock worth $370,000 after purchasing an additional 500 shares during the period. M&T Bank Corp raised its position in shares of Weatherford International by 32.8% during the 4th quarter. M&T Bank Corp now owns 5,689 shares of the company’s stock worth $557,000 after purchasing an additional 1,405 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Weatherford International during the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Weatherford International Stock Performance

WFRD opened at $123.80 on Friday. The firm has a market cap of $9.06 billion, a PE ratio of 20.03, a P/E/G ratio of 0.89 and a beta of 0.71. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 1.48. The business has a fifty day simple moving average of $119.38 and a 200-day simple moving average of $103.92. Weatherford International plc has a fifty-two week low of $55.81 and a fifty-two week high of $129.70.

Weatherford International (NASDAQ:WFRDGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. Weatherford International had a return on equity of 52.88% and a net margin of 8.61%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. As a group, equities analysts predict that Weatherford International plc will post 6.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Charles M. Sledge sold 10,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the completion of the sale, the director now owns 32,729 shares in the company, valued at $4,041,049.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Charles M. Sledge sold 10,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $123.47, for a total value of $1,234,700.00. Following the completion of the sale, the director now owns 32,729 shares in the company, valued at $4,041,049.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Girish Saligram sold 60,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $103.57, for a total value of $6,214,200.00. Following the completion of the sale, the chief executive officer now owns 146,895 shares of the company’s stock, valued at approximately $15,213,915.15. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WFRD. Bank of America increased their price target on Weatherford International from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Barclays increased their price target on Weatherford International from $135.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Weatherford International in a report on Wednesday, April 24th. TheStreet raised Weatherford International from a “c” rating to a “b” rating in a report on Monday, March 11th. Finally, Raymond James increased their price objective on Weatherford International from $134.00 to $152.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 16th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $146.11.

View Our Latest Analysis on WFRD

Weatherford International Company 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.

See Also

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

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