Headlands Technologies LLC Buys 5,911 Shares of Weatherford International plc (NASDAQ:WFRD)

Headlands Technologies LLC boosted its stake in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 32.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,199 shares of the company's stock after buying an additional 5,911 shares during the period. Headlands Technologies LLC's holdings in Weatherford International were worth $1,733,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Clearbridge Investments LLC raised its holdings in shares of Weatherford International by 81.5% during the fourth quarter. Clearbridge Investments LLC now owns 506,292 shares of the company's stock worth $36,266,000 after acquiring an additional 227,342 shares during the period. Pictet Asset Management Holding SA increased its holdings in Weatherford International by 3.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 10,616 shares of the company's stock worth $760,000 after purchasing an additional 383 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Weatherford International in the 4th quarter valued at about $1,153,000. Norges Bank bought a new stake in shares of Weatherford International in the fourth quarter valued at about $65,678,000. Finally, Zions Bancorporation N.A. bought a new stake in shares of Weatherford International in the fourth quarter valued at about $29,000. Institutional investors own 97.23% of the company's stock.

Insider Transactions at Weatherford International

In related news, CFO Arunava Mitra sold 10,000 shares of Weatherford International stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 21,072 shares of the company's stock, valued at approximately $1,423,835.04. This trade represents a 32.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott C. Weatherholt sold 44,505 shares of the business's 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 completion of the sale, the executive vice president now owns 125,019 shares of the company's stock, valued at $8,272,507.23. This trade represents a 26.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,692 shares of company stock worth $6,207,725. 1.60% of the stock is owned by insiders.

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Weatherford International Stock Performance

NASDAQ:WFRD traded down $5.62 during mid-day trading on Friday, hitting $39.79. The stock had a trading volume of 3,659,401 shares, compared to its average volume of 1,040,242. The company's 50 day simple moving average is $60.46 and its 200 day simple moving average is $73.92. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 1.65 and a beta of 0.61. 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 plc has a twelve month low of $37.00 and a twelve month high of $135.00.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. On average, equities research analysts forecast that Weatherford International plc will post 5.89 earnings per share for the current year.

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, February 21st. Weatherford International's payout ratio is presently 14.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Piper Sandler dropped their target price on Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group cut shares of Weatherford International from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $132.00 to $98.00 in a research note on Friday, December 13th. Benchmark cut their price objective on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Raymond James decreased their target price on shares of Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating for the company in a research report on Friday, February 7th. Finally, Citigroup cut their price target on shares of Weatherford International from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Two research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.75.

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.