Hantz Financial Services Inc. Sells 4,408 Shares of Weatherford International plc (NASDAQ:WFRD)

Hantz Financial Services Inc. lowered its holdings in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,713 shares of the company's stock after selling 4,408 shares during the period. Hantz Financial Services Inc. owned 0.10% of Weatherford International worth $5,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings 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 worth $30,000 after buying an additional 281 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Weatherford International in the 3rd quarter valued at approximately $34,000. R Squared Ltd acquired a new position in shares of Weatherford International in the fourth quarter valued at approximately $36,000. Millburn Ridgefield Corp purchased a new stake in shares of Weatherford International during the third quarter worth approximately $42,000. Finally, GAMMA Investing LLC grew its position in Weatherford International by 36.9% in the 3rd quarter. GAMMA Investing LLC now owns 523 shares of the company's stock valued at $44,000 after buying an additional 141 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Weatherford International Stock Down 2.6 %

NASDAQ:WFRD traded down $1.73 during trading hours on Thursday, hitting $64.01. The stock had a trading volume of 347,715 shares, compared to its average volume of 1,019,820. The business has a 50 day simple moving average of $74.30 and a two-hundred day simple moving average of $89.40. Weatherford International plc has a 1-year low of $64.32 and a 1-year high of $135.00. The company has a market cap of $4.65 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. The company has a current ratio of 2.04, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WFRD. Barclays dropped their price target on shares of Weatherford International from $147.00 to $105.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 18th. Benchmark reaffirmed a "buy" rating and issued a $155.00 target price on shares of Weatherford International in a report on Thursday, October 24th. Bank of America decreased their target price on Weatherford International from $145.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Piper Sandler began coverage on Weatherford International in a research report on Thursday, December 19th. They issued a "neutral" rating and a $87.00 price target for the company. Finally, Evercore ISI decreased 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 report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.25.

Insider Buying and Selling

In other news, EVP David John Reed sold 4,762 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $72.66, for a total value of $346,006.92. Following the completion of the sale, the executive vice president now directly owns 11,109 shares of the company's stock, valued at approximately $807,179.94. This represents a 30.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

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.