Mesirow Financial Investment Management Inc. Purchases 13,750 Shares of Weatherford International plc (NASDAQ:WFRD)

Mesirow Financial Investment Management Inc. boosted its position in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 100.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,500 shares of the company's stock after acquiring an additional 13,750 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Weatherford International were worth $2,335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position 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 valued at $30,000 after buying an additional 281 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Weatherford International by 6.8% during the third quarter. New York State Common Retirement Fund now owns 203,106 shares of the company's stock valued at $17,248,000 after buying an additional 13,007 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Weatherford International by 246.1% during the third quarter. State of Alaska Department of Revenue now owns 27,530 shares of the company's stock valued at $2,337,000 after buying an additional 19,575 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Weatherford International by 7.3% during the third quarter. Legacy Wealth Asset Management LLC now owns 2,997 shares of the company's stock valued at $255,000 after buying an additional 203 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new position in shares of Weatherford International during the third quarter valued at about $233,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Insider Buying and Selling at Weatherford International

In other Weatherford International news, CAO Desmond J. Mills sold 6,531 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $79.86, for a total value of $521,565.66. Following the sale, the chief accounting officer now directly owns 11,680 shares in the company, valued at approximately $932,764.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Weatherford International news, CAO Desmond J. Mills sold 6,531 shares of Weatherford International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $79.86, for a total value of $521,565.66. Following the sale, the chief accounting officer now directly owns 11,680 shares in the company, valued at approximately $932,764.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $93.96, for a total transaction of $639,397.80. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WFRD shares. Evercore ISI dropped their price target on shares of Weatherford International from $149.00 to $142.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Benchmark reissued a "buy" rating and issued a $155.00 price target on shares of Weatherford International in a research report on Thursday, October 24th. Barclays dropped their price target on shares of Weatherford International from $154.00 to $147.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Raymond James dropped their price target on shares of Weatherford International from $161.00 to $158.00 and set a "strong-buy" rating for the company in a research report on Thursday, July 25th. Finally, Citigroup dropped their price target on shares of Weatherford International from $155.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $144.88.

Weatherford International Price Performance

Weatherford International stock traded up $3.06 during trading hours on Monday, hitting $90.55. 890,842 shares of the stock were exchanged, compared to its average volume of 916,156. Weatherford International plc has a 12 month low of $77.00 and a 12 month high of $135.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 2.04. The business's 50-day moving average is $88.61 and its two-hundred day moving average is $107.31. The stock has a market capitalization of $6.58 billion, a P/E ratio of 12.29, a P/E/G ratio of 0.73 and a beta of 0.60.

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

Weatherford International Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.10%. Weatherford International's payout ratio is presently 14.04%.

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.