Weatherford International plc (NASDAQ:WFRD) Shares Acquired by Amundi

Amundi grew its position in Weatherford International plc (NASDAQ:WFRD) by 154.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 38,993 shares of the company’s stock after acquiring an additional 23,685 shares during the period. Amundi’s holdings in Weatherford International were worth $2,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in Weatherford International by 130.8% during the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company’s stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in Weatherford International during the 3rd quarter worth $42,000. R Squared Ltd acquired a new position in Weatherford International during the 4th quarter worth $36,000. Blue Trust Inc. grew its stake in Weatherford International by 643.0% during the 4th quarter. Blue Trust Inc. now owns 1,278 shares of the company’s stock worth $92,000 after purchasing an additional 1,106 shares in the last quarter. Finally, Venturi Wealth Management LLC grew 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 purchasing an additional 1,857 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Weatherford International Stock Up 2.4 %

Weatherford International stock opened at $53.11 on Monday. Weatherford International plc has a fifty-two week low of $51.24 and a fifty-two week high of $135.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.01. The company has a market capitalization of $3.87 billion, a P/E ratio of 7.90, a PEG ratio of 1.65 and a beta of 0.61. The stock has a 50-day simple moving average of $65.66 and a 200-day simple moving average of $77.74.

Weatherford International (NASDAQ:WFRD) last posted its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. Equities research analysts expect that Weatherford International plc will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, February 21st. Weatherford International’s dividend payout ratio is presently 14.88%.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, EVP Scott C. Weatherholt sold 44,505 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the completion of the sale, the executive vice president now directly owns 125,019 shares of the company’s stock, valued at $8,272,507.23. This represents a 26.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Depinder Sandhu sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $66.41, for a total value of $929,740.00. Following the sale, the executive vice president now directly owns 8,892 shares of the company’s stock, valued at approximately $590,517.72. This represents a 61.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,692 shares of company stock valued at $6,207,725 in the last ninety days. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

WFRD has been the subject of several analyst reports. The Goldman Sachs Group cut Weatherford International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $132.00 to $98.00 in a research note on Friday, December 13th. Piper Sandler lowered their target price on Weatherford International from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Raymond James decreased their price target on Weatherford International from $107.00 to $97.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Citigroup decreased their price target on Weatherford International from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Benchmark decreased their price target on Weatherford International from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.63.

Weatherford International Company 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.