Trexquant Investment LP grew its holdings in shares of Weatherford International plc (NASDAQ:WFRD - Free Report) by 138.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,993 shares of the company's stock after purchasing an additional 148,720 shares during the period. Trexquant Investment LP owned approximately 0.35% of Weatherford International worth $18,337,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Weatherford International by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 7,702,911 shares of the company's stock worth $551,760,000 after purchasing an additional 270,775 shares during the last quarter. Boston Partners grew its holdings in shares of Weatherford International by 5.5% during the fourth quarter. Boston Partners now owns 2,777,128 shares of the company's stock valued at $198,877,000 after buying an additional 144,396 shares during the last quarter. State Street Corp increased its position in shares of Weatherford International by 3.1% in the 3rd quarter. State Street Corp now owns 2,267,484 shares of the company's stock valued at $192,555,000 after acquiring an additional 68,553 shares during the period. Van ECK Associates Corp raised its stake in Weatherford International by 28.6% in the 4th quarter. Van ECK Associates Corp now owns 917,530 shares of the company's stock worth $65,723,000 after acquiring an additional 204,317 shares during the last quarter. Finally, Norges Bank acquired a new stake in Weatherford International during the 4th quarter worth about $65,678,000. Institutional investors and hedge funds own 97.23% of the company's stock.
Weatherford International Stock Performance
NASDAQ WFRD traded down $5.62 during mid-day trading on Friday, reaching $39.79. 3,659,401 shares of the stock were exchanged, compared to its average volume of 1,042,902. Weatherford International plc has a 1 year low of $36.99 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 business's 50 day moving average is $59.85 and its 200-day moving average is $73.41. The company has a market capitalization of $2.90 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.65 and a beta of 0.70.
Weatherford International (NASDAQ:WFRD - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.30). Weatherford International had a return on equity of 40.65% and a net margin of 9.18%. On average, equities research analysts forecast that Weatherford International plc will post 5.89 EPS for the current fiscal year.
Weatherford International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, February 21st. Weatherford International's dividend payout ratio (DPR) is presently 14.88%.
Insider Transactions at Weatherford International
In other news, EVP Scott C. Weatherholt sold 44,505 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $66.17, for a total transaction 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 $8,272,507.23. The trade was a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David John Reed sold 4,762 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $72.66, for a total transaction of $346,006.92. Following the completion of the transaction, the executive vice president now directly owns 11,109 shares in the company, valued at $807,179.94. This represents a 30.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,692 shares of company stock valued at $6,207,725 in the last three months. 1.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Raymond James decreased their target price on Weatherford International from $107.00 to $97.00 and set a "strong-buy" rating for the company in a report on Friday, February 7th. Citigroup decreased their price objective on shares of Weatherford International from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Benchmark cut their price objective on shares of Weatherford International from $140.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group downgraded shares of Weatherford International from a "buy" rating to a "neutral" rating and decreased their target price for the company from $132.00 to $98.00 in a research report on Friday, December 13th. Finally, Piper Sandler cut their price target on Weatherford International from $87.00 to $82.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Two equities research 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.75.
Read Our Latest Stock Analysis on Weatherford International
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.
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