50,008 Shares in Weatherford International plc (NASDAQ:WFRD) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in Weatherford International plc (NASDAQ:WFRD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,008 shares of the company's stock, valued at approximately $4,247,000. Intech Investment Management LLC owned about 0.07% of Weatherford International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of WFRD. Transcendent Capital Group LLC purchased a new position in Weatherford International during the first quarter worth $29,000. Farther Finance Advisors LLC boosted its stake in Weatherford International by 364.9% in 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 in the last quarter. nVerses Capital LLC acquired a new position in Weatherford International during the 3rd quarter valued at about $34,000. Fifth Third Bancorp increased its holdings in shares of Weatherford International by 31.0% during the second quarter. Fifth Third Bancorp now owns 359 shares of the company's stock valued at $44,000 after acquiring an additional 85 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings 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 buying an additional 141 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Insider Buying and Selling at Weatherford International

In other news, EVP David John Reed sold 6,805 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total value of $639,397.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Desmond J. Mills sold 6,531 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $79.86, for a total transaction of $521,565.66. Following the sale, the chief accounting officer now owns 11,680 shares in the company, valued at approximately $932,764.80. This trade represents a 35.86 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Weatherford International Trading Up 0.6 %

Shares of WFRD stock traded up $0.51 during trading on Friday, hitting $85.83. 1,055,908 shares of the stock traded hands, compared to its average volume of 972,564. The firm has a market capitalization of $6.24 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.71 and a beta of 0.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49. The firm's fifty day moving average price is $86.97 and its 200-day moving average price is $104.83. Weatherford International plc has a 52-week low of $77.00 and a 52-week high of $135.00.

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

Weatherford International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.00 annualized dividend and a yield of 1.17%. Weatherford International's dividend payout ratio is presently 14.04%.

Wall Street Analyst Weigh In

WFRD has been the subject of several research analyst reports. Benchmark restated a "buy" rating and issued a $155.00 price objective on shares of Weatherford International in a research note on Thursday, October 24th. Citigroup reduced their price objective on Weatherford International from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Bank of America dropped 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. Barclays dropped their target price on Weatherford International from $154.00 to $147.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI dropped their target price on Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $147.29.

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.