Weatherford International plc (NASDAQ:WFRD) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 21.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,887 shares of the company's stock after selling 9,773 shares during the period. Amalgamated Bank's holdings in Weatherford International were worth $3,048,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Weatherford International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 7,599,657 shares of the company's stock valued at $877,152,000 after purchasing an additional 53,017 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Weatherford International by 2.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,409,020 shares of the company's stock worth $739,730,000 after buying an additional 182,120 shares in the last quarter. Boston Partners increased its position in Weatherford International by 19.3% during the first quarter. Boston Partners now owns 2,722,281 shares of the company's stock worth $315,240,000 after buying an additional 439,700 shares in the last quarter. Renaissance Technologies LLC increased its position in Weatherford International by 6.2% during the second quarter. Renaissance Technologies LLC now owns 657,953 shares of the company's stock worth $80,566,000 after buying an additional 38,700 shares in the last quarter. Finally, Millennium Management LLC increased its position in Weatherford International by 33.0% during the second quarter. Millennium Management LLC now owns 631,862 shares of the company's stock worth $77,372,000 after buying an additional 156,756 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Weatherford International Stock Up 3.5 %

NASDAQ:WFRD traded up $3.06 during mid-day trading on Monday, hitting $90.55. The company had a trading volume of 890,842 shares, compared to its average volume of 916,156. The business has a fifty day simple moving average of $88.61 and a 200-day simple moving average of $107.31. The company has a current ratio of 2.04, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. Weatherford International plc has a 1 year low of $77.00 and a 1 year high of $135.00. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.73 and a beta of 0.60.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.41. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company earned $1.66 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts forecast that Weatherford International plc will post 6.91 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 6th. Weatherford International's payout ratio is 14.04%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WFRD shares. Bank of America dropped their price target on Weatherford International from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Benchmark reissued a "buy" rating and set a $155.00 price target on shares of Weatherford International in a research report on Thursday, October 24th. Evercore ISI decreased their price objective on Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Raymond James decreased their price objective on Weatherford International from $161.00 to $158.00 and set a "strong-buy" rating on the stock in a report on Thursday, July 25th. Finally, Citigroup decreased their price objective on Weatherford International from $155.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, September 25th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $144.88.

Insider Transactions at Weatherford International

In other news, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Desmond J. Mills sold 6,531 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $79.86, for a total value of $521,565.66. Following the completion of the sale, the chief accounting officer now directly owns 11,680 shares of the company's stock, valued at $932,764.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David John Reed sold 6,805 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

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.