Weatherford International plc (NASDAQ:WFRD) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lessened its holdings in Weatherford International plc (NASDAQ:WFRD - Free Report) by 87.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,990 shares of the company's stock after selling 118,762 shares during the quarter. Bridgewater Associates LP's holdings in Weatherford International were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WFRD. Cynosure Group LLC boosted its position in shares of Weatherford International by 73.8% during the 3rd quarter. Cynosure Group LLC now owns 11,537 shares of the company's stock worth $980,000 after purchasing an additional 4,898 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Weatherford International during the third quarter worth about $1,353,000. FMR LLC boosted its holdings in Weatherford International by 36.7% during the third quarter. FMR LLC now owns 3,573,003 shares of the company's stock worth $303,419,000 after buying an additional 959,783 shares in the last quarter. Hancock Whitney Corp grew its position in Weatherford International by 1.9% during the third quarter. Hancock Whitney Corp now owns 14,994 shares of the company's stock worth $1,273,000 after buying an additional 284 shares during the period. Finally, Truvestments Capital LLC increased its holdings in Weatherford International by 14.3% in the third quarter. Truvestments Capital LLC now owns 4,984 shares of the company's stock valued at $423,000 after buying an additional 623 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, EVP David John Reed sold 6,805 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total transaction of $639,397.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Desmond J. Mills sold 6,531 shares of Weatherford International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $79.86, for a total transaction of $521,565.66. Following the transaction, the chief accounting officer now owns 11,680 shares in the company, valued at $932,764.80. The trade was a 35.86 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Weatherford International Trading Up 1.6 %

NASDAQ:WFRD traded up $1.34 on Monday, reaching $83.64. The stock had a trading volume of 605,439 shares, compared to its average volume of 905,527. Weatherford International plc has a 12-month low of $77.00 and a 12-month high of $135.00. The firm's fifty day moving average is $85.90 and its two-hundred day moving average is $103.12. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.69 and a beta of 0.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.41. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 EPS. Equities analysts expect that Weatherford International plc will post 6.85 EPS for the current fiscal year.

Weatherford International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 6th. Weatherford International's payout ratio is 14.04%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WFRD shares. Barclays lowered their price target on Weatherford International from $154.00 to $147.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Citigroup lowered their target price on Weatherford International from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Bank of America cut their price target on Weatherford International from $145.00 to $130.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Evercore ISI lowered their price objective on shares of Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Finally, Benchmark restated a "buy" rating and set a $155.00 target price on shares of Weatherford International in a report on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $147.29.

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.