Weatherford International plc (NASDAQ:WFRD) Shares Purchased by Boston Partners

Boston Partners raised its position in Weatherford International plc (NASDAQ:WFRD - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,777,128 shares of the company's stock after buying an additional 144,396 shares during the quarter. Boston Partners owned about 3.82% of Weatherford International worth $198,877,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in shares of 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 during the period. R Squared Ltd acquired a new position in shares of Weatherford International during the 4th quarter worth $36,000. Millburn Ridgefield Corp acquired a new position in shares of Weatherford International during the 3rd quarter worth $42,000. Blue Trust Inc. grew its stake in shares of 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 during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of 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 during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WFRD has been the topic of several recent research reports. Raymond James decreased their price objective on shares of Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating on the stock in a research 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 target price for the company from $132.00 to $98.00 in a report on Friday, December 13th. Benchmark dropped their target price on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 7th. Piper Sandler dropped their target price on shares of Weatherford International from $87.00 to $82.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, Citigroup dropped their target price on shares of Weatherford International from $110.00 to $95.00 and set a "buy" rating for the company in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $107.63.

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Insider Buying and Selling

In related news, EVP David John Reed sold 4,762 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $72.66, for a total value of $346,006.92. Following the transaction, the executive vice president now owns 11,109 shares in the company, valued at approximately $807,179.94. This trade represents a 30.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the chief financial officer now owns 21,072 shares in the company, valued at $1,423,835.04. The trade was a 32.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,692 shares of company stock valued at $6,207,725. Insiders own 1.60% of the company's stock.

Weatherford International Trading Down 1.2 %

Shares of Weatherford International stock traded down $0.63 during mid-day trading on Friday, hitting $52.23. 4,730,425 shares of the stock were exchanged, compared to its average volume of 989,790. Weatherford International plc has a twelve month low of $51.24 and a twelve month high of $135.00. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 1.65 and a beta of 0.61. The company has a 50-day simple moving average of $63.74 and a 200 day simple moving average of $76.18. 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 (NASDAQ:WFRD - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. Research analysts forecast that Weatherford International plc will post 5.89 EPS for the current year.

Weatherford International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, February 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. Weatherford International's dividend payout ratio is presently 14.88%.

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.