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

Fuller & Thaler Asset Management Inc. boosted its holdings in Weatherford International plc (NASDAQ:WFRD - Free Report) by 181.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,303,007 shares of the company's stock after buying an additional 840,456 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.79% of Weatherford International worth $93,334,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Weatherford International by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 7,702,911 shares of the company's stock worth $551,760,000 after acquiring an additional 270,775 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Weatherford International by 295.9% in the 4th quarter. Capital Research Global Investors now owns 5,945,755 shares of the company's stock valued at $425,894,000 after purchasing an additional 4,443,823 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Weatherford International by 7.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,402,833 shares of the company's stock worth $315,375,000 after purchasing an additional 298,811 shares in the last quarter. FMR LLC raised its holdings in Weatherford International by 1.8% during the 4th quarter. FMR LLC now owns 3,638,934 shares of the company's stock worth $260,657,000 after buying an additional 65,931 shares during the period. Finally, Boston Partners lifted its stake in Weatherford International by 5.5% during the fourth quarter. Boston Partners now owns 2,777,128 shares of the company's stock valued at $198,877,000 after buying an additional 144,396 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays dropped their target price on shares of Weatherford International from $85.00 to $77.00 and set an "overweight" rating on the stock in a research report on Friday. Benchmark cut their target price on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Raymond James lowered Weatherford International from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $73.00 to $69.00 in a report on Thursday. Finally, Piper Sandler lowered their price target on Weatherford International from $80.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $99.75.

Insider Buying and Selling

In other Weatherford International news, EVP Scott C. Weatherholt sold 44,505 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 125,019 shares of the company's stock, valued at $8,272,507.23. The trade was a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Arunava Mitra sold 10,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $67.57, for a total transaction of $675,700.00. Following the transaction, the chief financial officer now owns 21,072 shares in the company, valued at approximately $1,423,835.04. This trade represents a 32.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,930 shares of company stock worth $5,861,718. Insiders own 1.60% of the company's stock.

Weatherford International Stock Up 3.1 %

Shares of NASDAQ:WFRD traded up $1.30 during trading on Friday, reaching $42.74. 2,610,496 shares of the company traded hands, compared to its average volume of 1,114,111. The firm has a fifty day simple moving average of $51.64 and a 200 day simple moving average of $68.14. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 1.26. Weatherford International plc has a 1-year low of $36.74 and a 1-year high of $135.00. The firm has a market cap of $3.11 billion, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 1.65 and a beta of 0.70.

Weatherford International (NASDAQ:WFRD - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.14. Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.21 billion. Analysts anticipate that Weatherford International plc will post 5.89 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, May 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.34%. Weatherford International's payout ratio is 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.