Fuller & Thaler Asset Management Inc. Has $93.33 Million Holdings in Weatherford International plc (NASDAQ:WFRD)

Fuller & Thaler Asset Management Inc. raised its holdings in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 181.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,303,007 shares of the company's stock after buying an additional 840,456 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.79% of Weatherford International worth $93,334,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WFRD. Lindbrook Capital LLC lifted its position in shares of Weatherford International by 130.8% in the fourth quarter. Lindbrook Capital LLC now owns 360 shares of the company's stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Huntington National Bank grew its holdings in shares of Weatherford International by 190.4% during the 4th quarter. Huntington National Bank now owns 392 shares of the company's stock valued at $28,000 after acquiring an additional 257 shares in the last quarter. Zions Bancorporation N.A. acquired a new position in shares of Weatherford International in the fourth quarter worth $29,000. R Squared Ltd purchased a new stake in shares of Weatherford International during the fourth quarter worth $36,000. Finally, Covestor Ltd boosted its position in Weatherford International by 30.1% during the fourth quarter. Covestor Ltd now owns 926 shares of the company's stock valued at $66,000 after purchasing an additional 214 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Insider Buying and Selling

In other Weatherford International news, EVP Scott C. Weatherholt sold 44,505 shares of Weatherford International stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $66.17, for a total transaction of $2,944,895.85. Following the sale, the executive vice president now directly owns 125,019 shares of the company's stock, valued at approximately $8,272,507.23. The trade was a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Arunava Mitra sold 10,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $67.57, for a total value of $675,700.00. Following the completion of the transaction, the chief financial officer now directly owns 21,072 shares of the company's stock, valued at approximately $1,423,835.04. The trade was a 32.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,930 shares of company stock valued at $5,861,718 over the last three months. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WFRD. Barclays reduced their price target on Weatherford International from $85.00 to $77.00 and set an "overweight" rating for the company in a report on Friday. Piper Sandler decreased their target price on shares of Weatherford International from $80.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday. Raymond James lowered shares of Weatherford International from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $73.00 to $69.00 in a research note on Thursday. Finally, Benchmark decreased their price objective 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. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $99.75.

Weatherford International Stock Performance

WFRD traded up $1.30 during midday trading on Friday, reaching $42.74. The company's stock had a trading volume of 2,610,496 shares, compared to its average volume of 1,114,112. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $51.64 and a 200 day simple moving average of $68.14. The stock has a market cap of $3.11 billion, a P/E ratio of 6.36, a PEG ratio of 1.65 and a beta of 0.70. Weatherford International plc has a twelve month low of $36.74 and a twelve month high of $135.00.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.14. Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. Research analysts expect that Weatherford International plc will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, May 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Tuesday, May 6th. Weatherford International's payout ratio is presently 16.00%.

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.