New Age Alpha Advisors LLC Purchases Shares of 16,090 Weatherford International plc (NASDAQ:WFRD)

New Age Alpha Advisors LLC bought a new stake in Weatherford International plc (NASDAQ:WFRD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,090 shares of the company's stock, valued at approximately $1,153,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in shares of Weatherford International by 130.8% in the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock valued at $26,000 after purchasing an additional 204 shares in the last quarter. Zions Bancorporation N.A. bought a new stake in shares of Weatherford International during the fourth quarter worth $29,000. Millburn Ridgefield Corp acquired a new position in shares of Weatherford International during the third quarter worth $42,000. R Squared Ltd acquired a new position in shares of Weatherford International during the fourth quarter worth $36,000. Finally, Blue Trust Inc. lifted its stake in shares of Weatherford International by 643.0% in the 4th quarter. Blue Trust Inc. now owns 1,278 shares of the company's stock valued at $92,000 after acquiring an additional 1,106 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Weatherford International Stock Down 16.3 %

WFRD traded down $8.85 during midday trading on Thursday, hitting $45.41. The company had a trading volume of 2,012,981 shares, compared to its average volume of 1,028,451. The stock's 50 day moving average price is $60.96 and its 200 day moving average price is $74.12. Weatherford International plc has a 52 week low of $44.76 and a 52 week high of $135.00. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.65 and a beta of 0.61.

Remove Ads

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. On average, research analysts anticipate that Weatherford International plc will post 5.89 earnings per share for the current fiscal year.

Weatherford International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.20%. Weatherford International's payout ratio is presently 14.88%.

Insider Activity at Weatherford International

In other Weatherford International news, CFO Arunava Mitra sold 10,000 shares of Weatherford International stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $67.57, for a total transaction of $675,700.00. Following the completion of the transaction, the chief financial officer now owns 21,072 shares of the company's stock, valued at $1,423,835.04. The trade was a 32.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Depinder Sandhu sold 14,000 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $66.41, for a total value of $929,740.00. Following the transaction, the executive vice president now owns 8,892 shares of the company's stock, valued at approximately $590,517.72. The trade was a 61.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,692 shares of company stock valued at $6,207,725. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WFRD. Barclays lowered their target price on Weatherford International from $92.00 to $85.00 and set an "overweight" rating for the company in a report on Monday. Raymond James reduced their target price on shares of Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group downgraded shares of Weatherford International from a "buy" rating to a "neutral" rating and dropped their price target for the company from $132.00 to $98.00 in a research note on Friday, December 13th. Citigroup reduced their price objective on shares of Weatherford International from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Finally, Benchmark cut their target price on Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.75.

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.