Massachusetts Financial Services Co. MA increased its position in Weatherford International plc (NASDAQ:WFRD - Free Report) by 64.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,508 shares of the company's stock after purchasing an additional 19,785 shares during the period. Massachusetts Financial Services Co. MA owned 0.07% of Weatherford International worth $3,618,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in Weatherford International by 3.1% in the third quarter. State Street Corp now owns 2,267,484 shares of the company's stock worth $192,555,000 after purchasing an additional 68,553 shares during the period. XTX Topco Ltd grew its stake in shares of Weatherford International by 79.1% in the 3rd quarter. XTX Topco Ltd now owns 19,133 shares of the company's stock worth $1,625,000 after buying an additional 8,451 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Weatherford International during the 3rd quarter valued at approximately $2,239,000. Barclays PLC raised its stake in Weatherford International by 59.4% during the third quarter. Barclays PLC now owns 31,349 shares of the company's stock valued at $2,663,000 after buying an additional 11,680 shares during the last quarter. Finally, Vestcor Inc raised its stake in Weatherford International by 131.7% during the third quarter. Vestcor Inc now owns 13,763 shares of the company's stock valued at $1,169,000 after buying an additional 7,823 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
WFRD has been the subject of several analyst reports. Barclays reduced their price target on Weatherford International from $92.00 to $85.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Raymond James reduced their price objective on shares of Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating for the company in a research note on Friday, February 7th. Piper Sandler dropped their target price on shares of Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. 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 report on Friday, December 20th. Finally, The Goldman Sachs Group lowered shares of Weatherford International from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $132.00 to $98.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.75.
Get Our Latest Stock Analysis on WFRD
Weatherford International Stock Performance
Shares of WFRD traded up $2.88 during mid-day trading on Friday, hitting $43.00. 1,769,229 shares of the company traded hands, compared to its average volume of 1,075,774. Weatherford International plc has a 1 year low of $36.74 and a 1 year high of $135.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a 50-day moving average price of $56.59 and a two-hundred day moving average price of $71.07. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 6.40, a P/E/G ratio of 1.65 and a beta of 0.70.
Weatherford International (NASDAQ:WFRD - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a net margin of 9.18% and a return on equity of 40.65%. Equities analysts anticipate that Weatherford International plc will post 5.89 earnings per share for the current year.
Weatherford International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 annualized dividend and a yield of 2.33%. Weatherford International's payout ratio is 14.88%.
Insider Buying and Selling at Weatherford International
In related news, CAO Desmond J. Mills sold 19,425 shares of Weatherford International stock in a transaction on Friday, February 7th. The stock was sold at an average price of $67.51, for a total transaction of $1,311,381.75. Following the transaction, the chief accounting officer now directly owns 17,899 shares in the company, valued at approximately $1,208,361.49. The trade was a 52.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott C. Weatherholt sold 44,505 shares of the company's stock in a transaction dated Wednesday, January 29th. The stock was 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 approximately $8,272,507.23. The trade was a 26.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,930 shares of company stock worth $5,861,718 in the last three months. 1.60% of the stock is currently owned by company insiders.
About Weatherford International
(
Free Report)
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.
Recommended Stories
Before you consider Weatherford International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Weatherford International wasn't on the list.
While Weatherford International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
