Invesco Ltd. Takes $104.29 Million Position in Weatherford International plc (NASDAQ:WFRD)

Invesco Ltd. purchased a new stake in Weatherford International plc (NASDAQ:WFRD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,455,906 shares of the company's stock, valued at approximately $104,287,000. Invesco Ltd. owned about 2.00% of Weatherford International as of its most recent SEC filing.

Several other large investors have also modified their holdings of WFRD. Bank of Montreal Can boosted its position in shares of Weatherford International by 150.7% during the 4th quarter. Bank of Montreal Can now owns 15,982 shares of the company's stock worth $1,145,000 after purchasing an additional 9,607 shares during the period. FMR LLC lifted its stake in Weatherford International by 1.8% during the fourth quarter. FMR LLC now owns 3,638,934 shares of the company's stock worth $260,657,000 after purchasing an additional 65,931 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Weatherford International by 4.8% during the fourth quarter. Russell Investments Group Ltd. now owns 41,996 shares of the company's stock worth $3,008,000 after buying an additional 1,918 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Weatherford International in the fourth quarter valued at $1,184,000. Finally, Cynosure Group LLC raised its holdings in shares of Weatherford International by 16.9% in the 4th quarter. Cynosure Group LLC now owns 13,483 shares of the company's stock valued at $966,000 after buying an additional 1,946 shares during the period. Institutional investors and hedge funds own 97.23% of the company's stock.

Analysts Set New Price Targets

WFRD has been the subject of several research reports. Citigroup dropped their target price on Weatherford International from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Raymond James dropped their price objective on shares of Weatherford International from $97.00 to $73.00 and set a "strong-buy" rating for the company in a report on Monday. Benchmark reduced their target price on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Barclays decreased their price target on shares of Weatherford International from $92.00 to $85.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Finally, Piper Sandler reduced their price objective on Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Two 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. Based on data from MarketBeat, Weatherford International presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.75.

Weatherford International Stock Up 5.4 %

Shares of WFRD traded up $2.40 during midday trading on Friday, reaching $46.68. The stock had a trading volume of 1,332,522 shares, compared to its average volume of 1,082,279. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.01 and a quick ratio of 1.49. The company's fifty day simple moving average is $54.84 and its two-hundred day simple moving average is $70.05. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 6.95, a PEG ratio of 1.65 and a beta of 0.70. Weatherford International plc has a 1-year low of $36.74 and a 1-year high of $135.00.

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

Weatherford International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, February 21st. Weatherford International's dividend payout ratio (DPR) is 14.88%.

Insider Buying and Selling at Weatherford International

In related news, EVP Scott C. Weatherholt sold 44,505 shares of the 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 transaction, the executive vice president now directly owns 125,019 shares of the company's stock, valued at $8,272,507.23. This trade represents a 26.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Depinder Sandhu sold 14,000 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $66.41, for a total transaction of $929,740.00. Following the completion of the sale, the executive vice president now directly owns 8,892 shares of the company's stock, valued at approximately $590,517.72. This trade represents a 61.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,930 shares of company stock worth $5,861,718 over the last three months. Insiders own 1.60% of the company's stock.

Weatherford International 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.