Weatherford International plc (NASDAQ:WFRD) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its position in Weatherford International plc (NASDAQ:WFRD - Free Report) by 64.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,330 shares of the company's stock after selling 20,794 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Weatherford International were worth $812,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its position in shares of Weatherford International by 130.8% during the 4th quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock valued at $26,000 after acquiring an additional 204 shares during the period. Huntington National Bank raised its position in Weatherford International by 190.4% in the 4th 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. Zions Bancorporation N.A. purchased a new stake in shares of Weatherford International during the fourth quarter valued at $29,000. R Squared Ltd bought a new stake in Weatherford International during the 4th quarter valued at about $36,000. Finally, Blue Trust Inc. grew its stake in Weatherford International by 643.0% in the fourth quarter. Blue Trust Inc. now owns 1,278 shares of the company's stock worth $92,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Weatherford International Stock Performance

Weatherford International stock traded up $1.11 during mid-day trading on Friday, reaching $41.23. 534,810 shares of the company were exchanged, compared to its average volume of 1,068,604. The firm's 50-day simple moving average is $57.03 and its two-hundred day simple moving average is $71.37. Weatherford International plc has a twelve month low of $36.74 and a twelve month high of $135.00. The firm has a market cap of $3.00 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 1.65 and a beta of 0.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.01.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings data 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 return on equity of 40.65% and a net margin of 9.18%. Equities analysts predict that Weatherford International plc will post 5.89 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. Weatherford International's dividend payout ratio is currently 14.88%.

Analyst Ratings Changes

A number of analysts have recently weighed in on WFRD shares. Barclays lowered their price target on shares of Weatherford International from $92.00 to $85.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group lowered shares of Weatherford International from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $132.00 to $98.00 in a research note on Friday, December 13th. Piper Sandler lowered their price target on shares of Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Citigroup decreased their target price on Weatherford International from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Finally, Benchmark cut their price objective on Weatherford International from $140.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Weatherford International presently has an average rating of "Moderate Buy" and an average target price of $106.75.

Insider Activity at Weatherford International

In related news, CAO Desmond J. Mills sold 19,425 shares of Weatherford International stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $67.51, for a total transaction of $1,311,381.75. Following the completion of the transaction, the chief accounting officer now directly owns 17,899 shares in the company, valued at $1,208,361.49. The trade was a 52.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott C. Weatherholt sold 44,505 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total value of $2,944,895.85. Following the sale, the executive vice president now directly owns 125,019 shares in the company, valued at approximately $8,272,507.23. The trade was a 26.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,930 shares of company stock worth $5,861,718 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

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.