Raymond James & Associates Has $5.88 Million Stock Holdings in Weatherford International plc (NASDAQ:WFRD)

Raymond James & Associates trimmed its holdings in Weatherford International plc (NASDAQ:WFRD - Free Report) by 28.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,238 shares of the company's stock after selling 27,863 shares during the period. Raymond James & Associates owned about 0.09% of Weatherford International worth $5,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of WFRD. First Hawaiian Bank acquired a new stake in shares of Weatherford International during the second quarter worth $1,653,000. Entropy Technologies LP increased its holdings in Weatherford International by 79.7% during the 1st quarter. Entropy Technologies LP now owns 11,985 shares of the company's stock worth $1,383,000 after purchasing an additional 5,315 shares in the last quarter. Sei Investments Co. raised its stake in shares of Weatherford International by 107.2% in the 1st quarter. Sei Investments Co. now owns 23,527 shares of the company's stock valued at $2,715,000 after purchasing an additional 12,170 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Weatherford International by 2.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,409,020 shares of the company's stock valued at $739,730,000 after purchasing an additional 182,120 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Weatherford International during the second quarter worth about $20,584,000. 97.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Weatherford International

In other news, EVP David John Reed sold 6,805 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $93.96, for a total transaction of $639,397.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP David John Reed sold 6,805 shares of Weatherford International stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total transaction of $639,397.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Desmond J. Mills sold 6,531 shares of the company's 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 completion of the transaction, the chief accounting officer now directly owns 11,680 shares in the company, valued at approximately $932,764.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

WFRD has been the topic of a number of recent research reports. 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. Evercore ISI lowered their price objective on shares of Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Benchmark reissued a "buy" rating and issued a $155.00 price objective on shares of Weatherford International in a research report on Thursday, October 24th. Citigroup decreased their target price 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. Finally, Bank of America cut their price target on shares of Weatherford International from $145.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Weatherford International currently has an average rating of "Buy" and an average price target of $144.88.

Weatherford International Stock Performance

NASDAQ WFRD traded down $1.50 on Friday, hitting $77.50. 795,954 shares of the stock were exchanged, compared to its average volume of 915,605. The business's fifty day moving average is $90.67 and its 200 day moving average is $108.46. Weatherford International plc has a 52 week low of $77.00 and a 52 week high of $135.00. The company has a market capitalization of $5.63 billion, a PE ratio of 10.88, a P/E/G ratio of 0.78 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.04 and a quick ratio of 1.49.

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 analysts' consensus estimates of $1.65 by $0.41. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.42 billion. Weatherford International had a return on equity of 46.25% and a net margin of 9.65%. Weatherford International's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $1.66 earnings per share. Research analysts anticipate that Weatherford International plc will post 6.74 EPS for the current fiscal year.

Weatherford International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, November 6th. Weatherford International's dividend payout ratio (DPR) is presently 14.04%.

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.