GSA Capital Partners LLP Sells 16,724 Shares of Weatherford International plc (NASDAQ:WFRD)

GSA Capital Partners LLP lowered its stake in Weatherford International plc (NASDAQ:WFRD - Free Report) by 76.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,238 shares of the company's stock after selling 16,724 shares during the quarter. GSA Capital Partners LLP's holdings in Weatherford International were worth $445,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Weatherford International in the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its stake in shares of Weatherford International by 364.9% during the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company's stock valued at $30,000 after acquiring an additional 281 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Weatherford International during the third quarter worth $34,000. Fifth Third Bancorp grew its stake in shares of Weatherford International by 31.0% in the second quarter. Fifth Third Bancorp now owns 359 shares of the company's stock worth $44,000 after purchasing an additional 85 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Weatherford International by 36.9% in the third quarter. GAMMA Investing LLC now owns 523 shares of the company's stock worth $44,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Weatherford International Stock Up 0.1 %

Weatherford International stock opened at $82.43 on Thursday. The company has a market capitalization of $5.99 billion, a PE ratio of 11.58, a PEG ratio of 0.69 and a beta of 0.60. 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 $87.18 and its 200 day moving average is $105.24. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 1.20.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.41. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. Weatherford International had a net margin of 9.65% and a return on equity of 46.25%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share. As a group, sell-side analysts predict that Weatherford International plc will post 6.91 EPS for the current fiscal year.

Weatherford International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.00 annualized dividend and a yield of 1.21%. Weatherford International's payout ratio is currently 14.04%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Evercore ISI cut their target price on Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Raymond James reduced their target price on Weatherford International from $161.00 to $158.00 and set a "strong-buy" rating on the stock in a report on Thursday, July 25th. Bank of America lowered their price target on shares of Weatherford International from $145.00 to $130.00 and set a "buy" rating for the company in a report on Monday, October 14th. Barclays reduced their price objective on shares of Weatherford International from $154.00 to $147.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Finally, Citigroup lowered their target price on shares of Weatherford International from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $147.29.

Insider Buying and Selling at Weatherford International

In related news, 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 value of $521,565.66. Following the completion of the sale, the chief accounting officer now owns 11,680 shares of the company's stock, valued at approximately $932,764.80. This trade represents a 35.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David John Reed sold 6,805 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Weatherford International Company 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.