Mount Yale Investment Advisors LLC Sells 4,586 Shares of Weatherford International plc (NASDAQ:WFRD)

Mount Yale Investment Advisors LLC decreased its stake in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 61.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,853 shares of the company's stock after selling 4,586 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Weatherford International were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Weatherford International by 364.9% in the third quarter. Farther Finance Advisors LLC now owns 358 shares of the company's stock worth $30,000 after purchasing an additional 281 shares during the period. nVerses Capital LLC bought a new stake in Weatherford International in the 3rd quarter valued at about $34,000. Millburn Ridgefield Corp acquired a new position in Weatherford International during the 3rd quarter worth approximately $42,000. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 141 shares in the last quarter. Finally, Park Place Capital Corp grew its stake in Weatherford International by 1,516.2% in the third quarter. Park Place Capital Corp now owns 598 shares of the company's stock valued at $51,000 after acquiring an additional 561 shares during the period. Institutional investors own 97.23% of the company's stock.

Analyst Upgrades and Downgrades

WFRD has been the topic of a number of recent research reports. Citigroup cut their target price on Weatherford International from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Bank of America decreased their target price on shares of Weatherford International from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Benchmark reiterated a "buy" rating and set a $155.00 price target on shares of Weatherford International in a research note on Thursday, October 24th. Piper Sandler assumed coverage on Weatherford International in a research note on Thursday, December 19th. They issued a "neutral" rating and a $87.00 price objective for the company. Finally, The Goldman Sachs Group downgraded 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 report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.25.

Weatherford International Stock Performance

Shares of Weatherford International stock traded down $1.13 during trading hours on Thursday, hitting $64.61. 1,808,234 shares of the company's stock traded hands, compared to its average volume of 1,098,511. The company has a fifty day simple moving average of $74.30 and a 200-day simple moving average of $89.40. 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 stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 1.52 and a beta of 0.64. Weatherford International plc has a 12-month low of $63.71 and a 12-month high of $135.00.

Insiders Place Their Bets

In related news, EVP David John Reed sold 4,762 shares of Weatherford International stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $72.66, for a total value of $346,006.92. Following the completion of the sale, the executive vice president now owns 11,109 shares of the company's stock, valued at approximately $807,179.94. This trade represents a 30.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.