16,531 Shares in Weatherford International plc (NASDAQ:WFRD) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,531 shares of the company's stock, valued at approximately $1,184,000.

A number of other hedge funds have also bought and sold shares of WFRD. Xponance Inc. increased its stake in shares of Weatherford International by 1.0% in the 4th quarter. Xponance Inc. now owns 17,072 shares of the company's stock valued at $1,223,000 after acquiring an additional 167 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Weatherford International by 130.8% during the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock worth $26,000 after acquiring an additional 204 shares in the last quarter. Huntington National Bank grew its holdings in Weatherford International by 190.4% in the fourth quarter. Huntington National Bank now owns 392 shares of the company's stock worth $28,000 after purchasing an additional 257 shares during the period. Pictet Asset Management Holding SA increased its stake in Weatherford International by 3.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 10,616 shares of the company's stock valued at $760,000 after purchasing an additional 383 shares in the last quarter. Finally, Zions Bancorporation N.A. acquired a new position in shares of Weatherford International during the fourth quarter valued at about $29,000. Institutional investors own 97.23% of the company's stock.

Insider Activity

In related news, CFO Arunava Mitra sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $67.57, for a total transaction of $675,700.00. Following the completion of the sale, the chief financial officer now owns 21,072 shares of the company's stock, valued at $1,423,835.04. This trade represents a 32.18 % decrease in their ownership of the stock. The sale 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 Weatherford International stock in a transaction on Friday, February 7th. The stock was sold at an average price of $66.41, for a total value of $929,740.00. Following the completion of the sale, the executive vice president now directly owns 8,892 shares of the company's stock, valued at approximately $590,517.72. The trade was a 61.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,930 shares of company stock worth $5,861,718. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

WFRD has been the subject of several research reports. Citigroup reduced their price target on shares of Weatherford International from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, December 20th. The Goldman Sachs Group downgraded shares of Weatherford International from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $132.00 to $98.00 in a research report on Friday, December 13th. Benchmark dropped their price target on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Raymond James decreased their price objective 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. Finally, Piper Sandler dropped their target price on Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $106.75.

Weatherford International Trading Up 7.2 %

Shares of WFRD stock traded up $2.88 during trading hours on Friday, reaching $43.00. The company's stock had a trading volume of 1,769,229 shares, compared to its average volume of 1,075,774. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. Weatherford International plc has a one year low of $36.74 and a one year high of $135.00. The stock has a market capitalization of $3.13 billion, a P/E ratio of 6.40, a P/E/G ratio of 1.65 and a beta of 0.70. The firm's fifty day simple moving average is $56.59 and its 200 day simple moving average is $71.07.

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

Weatherford International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Friday, February 21st. Weatherford International's dividend payout ratio is 14.88%.

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.